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Russia's War Against Ukraine

Moscow Times: Crimea sucks from infrastructure mega-projects in Russia’s regions

By The Moscow Times.
Russian Army engineers unload sections of pontoon bridge in the Crimean port city of Kerch, on May 5, 2014. Russian Army engineers started yesterday construction of an additional ferry line between port Kavkaz in southern Russiau2019s Krasnodar territorial city of Temryuk and port Krym in the port city of Kerch on the peninsula of Crimea annexed by Russia in March, Russian news agencies quoted the Russian Defence Ministry as saying. AFP PHOTO/ YURIY LASHOV

 Crimea has become a multi-billion dollar sponge soaking up funds slated for crucial infrastructure projects in other regions, as the government scrambles to support its newest territory's economy.  

On Tuesday, Economic Development Minister Alexei Ulyukayev said that the federal budget would have to fork out from 160 billion rubles ($4.5 billion) to 200 billion rubles each year starting from 2014 to support Crimea, Itar-Tass reported.

 Read the story here 

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