Thursday, March 26, 2015

Crimea's Growth Fastest in 20 Years Thanks to Russia, Sanctions - Minister / Sputnik International

In an interviw with Sputnik, Deputy Chairman of the Council of Ministers of Crimea Dmitry Polonsky explained how the republic won after rejoining Russia, how Western sanctions contributed to its economic development and what the West should focus on.

MOSCOW (Sputnik) – Crimea has been experiencing an upsurge in development following its reunification with Russia thanks to the country’s investment in the republic, Deputy Chairman of the Council of Ministers of Crimea Dmitry Polonsky told Sputnik on Wednesday.

“Crimea has not developed at such a pace as it has in the past year over the past twenty years,” Polonsky said, adding that the Russian government plans to invest almost 700 billion rubles ($12.1 billion) in the republic’s economy under the current social-economic development program, which will run until 2020.

Polonsky, who is Crimea's Internal Policy, Information and Mass Communications Minister, stressed that during the 23 years prior to the March 2014 independence referendum, Crimea experienced “regression” due to the Ukrainian authorities lack of investment.

“Unfortunately, the 23-year-long tenure in Ukraine has been the time of regression for Crimea. The Ukrainian government did not invest a single penny into Crimea, at the same time it sucked out all possible resources from here," Polonsky told Sputnik, stressing that Russia “is taking an entirely different route” which is making a “drastic” difference on the peninsula. But even if Crimea residents were told not to expect any investment from the Russian government a year ago, they would have "still made the choice of becoming part of Russia," the minister stressed.

Complete story at - Crimea's Growth Fastest in 20 Years Thanks to Russia, Sanctions - Minister / Sputnik International

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