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The Crimean Development Plans
March 15, 2014 17:54


The Crimea could become part of the Black Sea area of advanced development, by analogy with the Far East, as the Minister of Economic Development of Russia Aleksei Ulyukayev stated.

“By the way, we are talking about areas of advanced development in respect to the Far East. Perhaps we will have to refocus this position. Why do we have to bind it to a specific region? Maybe we should consider the Crimea, and maybe not just the Crimea, but the Crimea as a part of, so to say, the Black Sea territory of advanced development which would unite the Crimea and the Russian Black Sea coast. We could create a very interesting investment cluster” - he said in an interview to “Russia 24” channel. Such area of advanced development could cover such areas as tourism, port facilities, logistics and associated services.

“We are only beginning to consider these things, but, I think, there are great prospects in this field” - the Minister noted. Commenting on the possibility of the use of investing the money of a National Welfare Fund (NWF) in the Crimea, Ulyukayev said that this issue requires a separate discussion.

According to his words, in case of a breach in relations of Crimea with Ukraine, the questions that will come up first of all will be localization of treasury services, tax obligations fulfillment and fulfillment of budget obligations to citizens and companies. The second range of problems, according to the Minister, includes budgeting, possible adjustment of social obligations to retired persons and recipients of other social transfers.

It is assumed that a special tax regime promoting non-energy exports and implementation of innovative technologies will be introduced for those areas of advanced development (AAD). 


Author: Anna Dorozhkina

Tags: The Crimea Minister of Economic Development    

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