The authorities of the Crimea have concluded their first two major contracts with foreign investors with a total amount of $ 30 million.

      This was stated by the Head of the Republic Sergei Aksenov, as RIA “Novosti” reported. Investment projects will be implemented in the energy sector. He added that another 200 applications were being considered in the Crimea at the moment. Aksenov added that he gave a special order prohibiting the officials to reject investors’ applications without personal explanation of the causes and reasons for such decision. He expressed the hope that the flow of investors will grow many times. The Head of the Crimea noted that the law on free economic zone in the Crimea works and that technical capabilities to bypass the sanctions regime were found. According to him, “in the future investors will stand in queue to get the opportunity to invest in the Crimean economy”.