Ministry of Economic Development suggests to reduce funding of Crimea


According to the document on the official website for proposed bills, the Ministry of Economic Development suggested to reduce the cost of development of Crimea and Sevastopol till 2020 by 3.5 billion rubles (approx. $52 million – RRT).

It was suggested to exclude 300 million rubles (approx. $500,000 – RRT) from the federal target program, that were intended for the reconstruction of the air traffic and radio engineering support of flights. In addition, it was proposed to cancel the expenditure for banking support for construction control and technical supervision, as well as funding of “the construction of multipurpose shallow-draft rescue tugs.”

The Ministry proposes to send 226,480,000 rubles (approx. $3.4 million – RRT), initially intended for the construction of transport passage through the Kerch Strait, for relocation of houses in Kerch, located in the designated construction zone.

“Thus, funding for the program from the federal budget in 2015-2020 years is 677.713 billion rubles (approx. $10 billion – RRT), including: 148.247 billion rubles (approx. $2.2 billion – RRT) in 2016; 147.746 billion rubles (approx. $2.2 billion – RRT) in 2017, and 285.990 billion rubles (approx. $4.3 billion – RRT) in 2018-2020,” the document says.

Earlier, the Minister of Economic Development Alexei Ulyukayev expressed his dissatisfaction with how fast the funds allocated to the Crimea and Sevastopol are used.