Economist: how much Crimea costs Russia


Russian economist Sergey Aleksashenko states that the amount of subsidies from the Federal Budget of Russia for the annexed Crimea is 150-200 billion rubles ($2.6 -3.5 billion) per year.

“Crimea drains of the Russian budget about 150 to 200 billion rubles per year. It’s a little more than 1 percent of the Russian budget,” said Aleksashenko.

However, 200 billion is a third of the amount the Ministry of Finance of the Russian Federation grants all the Russian regions. “All the regions pool the money for Crimea,” explained the economist.

It was previously reported that the occupied territories of the Donetsk and Luhansk oblasts came Russia at a price of about $3 billion per year.

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