The investment in the economy of the annexed Crimea in 2018 amounted to 130 billion rubles, which is two times more than in 2017.

A corresponding statement was made by the so-called “First Deputy Minister of Economic Development” of Crimea, Andrei Kulik.

He noted that the bulk of the investment accounted for private companies.

“Since the beginning of the year, about 130 billion rubles have been invested in the economy of the Crimea. This indicates that investor activity is increasing. This investment volume is almost twice as high as during the same period last year. Of the 130 billion rubles, about 75 billion are private investments. This year a tendency is observed to increase credit resources in private investments,” Kulik said.

Allegedly, most investments are made in the field of logistics and storage
in the Crimea. In this regard, according to Kulik, producers are interested in preserving products, but this requires modern storage centers. He believes that the construction of such centers can reduce prices in the occupied peninsula.
Earlier it was reported that 85% of investments in Crimea come from the budget of the Russian Federation. According to Natalia Zubarevich, a professor at the Department of Economic and Social Geography of Moscow State University, “business does not go in Crimea”. The official website of the so-called government of Sevastopol reported that 2141.2 million rubles of funds were invested in the capital stock of enterprises and organizations.
Source: Kerch. FM