Crimea signs deals for more than $1 billion in economic investments at Yalta Forum

The self-proclaimed "head" of the annexed Crimea, Sergiy Aksyonov, posted on Facebook that the Council of Ministers have attracted 70 billion rubles worth of infrastructure investments in Crimea, most notably an investor for constructing the Simferopol Airport. Aksyonov asserted that the effect of the agreements in the Yalta forum is to bypass the sanctions.

According to Aksyonov, the forum was attended by the representatives of 26 countries, the members of the European Parliament. "The Council of Ministers of Crimea and the businessmen have signed 12 economic agreements, the effect of which will be about 70 billion rubles ($1 billion). The largest project, which was signed during the forum, concerns the construction of a terminal complex for the International Airport Simferopol in the amount of 32 billion rubles. An agreement was registered just yesterday,” Aksenov said.

He also noted during the forum organized for foreign investors that a mechanism of working in Crimea was developed. "For the foreign investors the most important thing is to work here, not to get into the sanctions regime. A number of mechanisms were discussed that will allow foreign businessmen to enter the Republic with the investments,” Aksyonov added.

“I think that the Second International Yalta Economic Forum was a success! The forum this year was attended by 1,100 people, the representatives of 26 countries, including the members of the European Parliament. 30 events were held that were attended by more than 200 speakers.

The venture was not highly publicized at the time because many businessmen came to test the business climate. Republican and the Federal authorities took measures to ensure that potential investors were protected. Much gratitude was expressed to Andrei Nazarov and "Business Russia" for the constructive work and the high level of the event which was also noted by the foreign visitors." Aksyonov wrote on his Facebook page.

  Ukraine, Russia, crimea, Economy