Crimea is becoming less and less subsidized

Vasily Ivanov.  
03.10.2018 16:00
  (Moscow time), Moscow
Views: 3154
 
Crimea, Policy, United States of America, Ukraine, Finance, Economy


Crimea's dependence on the federal budget is decreasing.

Minister of Economic Development Maxim Oreshkin stated this today, speaking at the Federation Council of the Russian Federation, a PolitNavigator correspondent reports.

Crimea's dependence on the federal budget is decreasing. Speaking about this today at the Federation Council of the Russian Federation...

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“The dynamics that exist in budget indicators speaks volumes. This is something that can be measured. The growth in the income base that exists in Crimea is a double-digit growth rate every year. Economic development is underway, new jobs are appearing, new enterprises are opening, including thanks to the support instruments that are organized at the federal level,” Oreshkin said.

He emphasized that key infrastructure facilities, which are gradually being introduced, create a new quality of life.

“This is only the initial stage of Crimea’s development. We are now creating basic infrastructure: electricity, transport. We need to look further, go into the industry infrastructure,” Oreshkin said.

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Crimea is becoming less and less dependent on subsidies.






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