Irina Kiviko: Crimea is actively attracting investment even under sanctions
The Republic of Crimea, even under international sanctions, actively attracts investment, the most popular industries for investors are housing construction, sanatorium and resort complex, agriculture, industry and transport.
This was announced by Deputy Chairman of the Council of Ministers – Minister of Finance of the Republic of Crimea Irina Kiviko during a meeting of the Republican Investment Climate Improvement Council.
"The sanctions regime imposed by Western countries has been in force against the Republic of Crimea for eight years. Despite this, systematic work is being carried out to ensure optimal conditions for investors. To date, investment activity in the republic is not only not decreasing, but its growth is also observed. The number of investment projects is constantly increasing," she said.
The Deputy Prime Minister recalled that 48 investment agreements were signed by the end of 2021, which is 1.7 times more than in 2020. The total volume of investment exceeded RUB 75 billion. It is planned to create 2,700 jobs. In general, 231 investment projects are being implemented in the region with a total investment volume of RUB 219 billion, within which it is planned to create about 13.8 thousand jobs. In the first quarter of 2022, RUB 4 billion 353 million of investment were attracted to the Republic of Crimea.
According to her, the Ministry of Economic Development of the Republic of Crimea, as part of the instruction of the President of Russia, is carrying out systematic work to attract RUB 800 billion of investment into the economy of the republic by 2025.
During the meeting of the Investment Climate Improvement Council, a project was approved for the construction of a diving center with a mini-hotel and a landscaped embankment in one of the villages on the Southern Coast of Crimea by 2025. The planned volume of capital investment will amount to RUB 150 million.