Economics


джанкой керчь брак

Having annexed Crimea, Russia promised many things, including new roads for the peninsula. However, it is about three and а half years since the occupation, but not a single kilometer of new road has been built. Capital repairs are also only on the paper, and Russian companies actively pack the Russian billions into the asphalt…

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виноградник крым

Start reading here Crimean vineyards The overall area of Crimean vineyards is about 32 thousand hectares (area of vineyards in Russia is about 60 thousand hectares). However, only 16 thousand hectares of them actually crops. Crimea cannot display past crops after the annexation: while 95 thousand tons of grapes were harvested in 2013, in 2014…

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Vina-Massandryi

The Russian annexation caused irreparable damage to the wine industry of Crimea: once world-famouswine brands of the Ukrainian peninsula are now referred to as ‘wine drinks’, famous fortified Crimean wines are removed from production because they don’t comply with the Russian standards and the vintage wines are sold out.   Crimean ‘wine drink’ Crimean wineries…

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Крым-курорты

Read the beginning of the article here “Crimea is ours” but it is better to go on vacation to Cyprus In spite of ‘flag-waving’ and calls to go on vacation to ‘our’ Crimea, the Russians are not in a hurry to go to the peninsula. Although, according to the All-Russian Public Opinion Research Center’s survey,…

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Rotunda in Alushta

Unique natural and climatic characteristics provide Crimea with a resort reputation since Soviet times. The tourist flow on the peninsula didn’t stop even during the difficult 1990s. The Crimean tourist business is facing, perhaps, the most challenging time: the Ukrainians don’t go to the peninsula and the Russians can’t provide a number of tourists necessary…

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Quarry in Crimea

The Crimean peninsula is rich not only with gentle sunshine, warm sea, sandy beaches with healthy air, but also with large reserves of mineral resources, the development of which always brought significant incomes. After the annexation, Russia appropriated peninsula’s natural resources and created conditions for an unprecedented plunder of mineral resources.  What resources is the…

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инвестиции крым

When Russia annexed the Ukrainian Crimea in spring 2014, Moscow has promised real wonders to its population: to build the roads, repair schools and kindergartens and restore enterprises. Crimeans listened these honey words enthusiastically expecting a comfortable life. But time is moving on, and the life of those people who participated in the referendum flying…

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экчпорт импорт

Olga Efimova   Crimea was an active participant in the international trade before the annexation – its trade turnover was estimated at billions of dollars and the number of partner-countries was over one hundred. Today the situation has changed dramatically: due to the Western sanctions against the occupied peninsula, the trade turnover as well as…

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порт феодосия

Olga Efimova   Crimean port industry is suffering significant losses amid breaking economic relations with Ukraine and Western sanctions imposed on the port enterprises of the occupied peninsula. As a result, a cargo turnover is reduced and workers are fired. All this happens amid the pompous reports of the local “authorities” on economic growth and…

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1418381

Annexation of Crimea is not only the violation of rules of international law, disregard of the territorial integrity of the independent state, but also significant politico-military and economic losses for Ukraine. The Minister of Justice Pavel Petrenko assessed the damage from the loss of Crimea at 1 trillion and 200 billion hryvnyas. However, not everything…

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