Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Negative Review of Crimea's Absorption Could Cost You $14,000
27.03.2014 18:59
Negative Review of Crimea's Absorption Could Cost You $14,000
Photo Credit: http://www.pravda.ru

According to Inna Svyatenko, chairman of the security committee of the Moscow State Duma, those who discuss whether or not the residents of Crimea should get state-funded places at universities and colleges, should be qualified as extremists who incite xenophobic sentiment.

      According to the Nezavisimaya Gazeta, the MP regrets security services are not able to impose a full control over bloggers.

      If the move is passed, anyone who dares to challenge the rationale behind Crimea’s absorption or plans to develop it economically could be subject to a fine of 500,000 roubles, or $14,000, or land up in jail for four years.

      There’ve been many concerns about the economic impact of Russia’s move to incorporate Crimea.

      The Russian economy is unlikely to rise above 2 percent in 2014 amid investor uncertainty over the possible impact of sanctions, says the Economic Development Minister.

      According to Alexey Ulyukayev, GDP is expected to grow 1.8-1.9 percent undermined by capital flight worth $100 billion.

      A military invasion of Crimea would cost the Russian economy some three percent of GDP, says Vedomosti.

      Earlier, Russia-IC reported on the possible repercussions of sanctions and investors’ fears on the pace of economic development.

      For example, Bank of America Merrill Lynch forecast that Russia’s GDP would shrink some three percent. The transit of natural gas to European consumers worth $30 billion may be disrupted, too.

      The EU may eventually block the construction of the South Stream pipeline and switch to other energy sources in a move towards an economic boycott.

      Public spending is bound to go up to pay for Crimea’s absorption. The Russian authorities have pledged financial aid to the residents of the autonomy whose budget is facing a $1 billion deficit.

       




Author: Mikhail Vesely

Tags: Ukraine crisis Crimea    

Next Previous


You might also find interesting:

Quality of Life and Ensuring Active Longevity to be Discussed at the SPIEF 2018
24.05.2018
The Online Grocery Delivery Market Grew by 50% in Russia
05.03.2019
Investors have Allocated $ 65 Million to Russian Funds over the Past Week
11.11.2018
Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business
11.04.2019
Electronic Employment Record Books
16.07.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
St. Petersburg  Russian tourism  Nizhny Novgorod Region  humanities in Russia  Mercedes-Benz Fashion Week Russia  Festivals in Saint Petersburg  Artyom  Arch-Moscow  Pskov airport  Exhibitions in Moscow  Russian business  Festivals in Moscow  Russian Literature  Sculpture  Chechnya  Elections 2012  Russian immigration  aircraft  Russian history  Wooden Architecture  Moscow  Russian mining companies  Tavrichesky garden  Architecture  Mikhail Prokhorov  radiation  freedom of speech  Russia international  Karachay-Cherkessia  Science  tours to Russia  Mascots  Russian Cinema  literature for children  corruption in Russia  Isilkul  Sergey Kolyavkin  Arctic  Azov  Alexander Litvinenko  Komi Republic  Mikhail Zadornov  Innovations  Oriental Arts Museum  Russian companies  Multimedia Art Museum  Russian aviation  Mariinsky theatre  gas extraction  Ozyorny 


Travel Blogs
Top Traveling Sites