Under the weight of the latest round of European Union sanctions, the contested territory of Crimea will become an even greater burden to the beleaguered Russian budget than had been expected. The EU on July 30 imposed new sanctions directed specifically at Crimea, banning European investors from participating in infrastructure, telecommunications, transport, energy, as well as hydrocarbon and minerals extraction projects in the region.
Russia's War Against Ukraine
The Moscow Times: With sanctions, Russia becomes Crimea’s sole investor
People enjoy the sun by the seaside on a beach some 40 km of the Crimean capital Simferopol, on June 29, 2014.
