Russia decided that the economic crisis did not affect Crimea

Experts from the Higher School of Economics state that the Russian economic contraction continues. At the same time, Crimea became the only region with economic growth according to their assessment.

This is stated in the new issue of the newsletter “Comments on the State and business”. The experts considered the regional economic activity index, which includes the dynamics of regional economy in five sectors: industry, construction, retail and wholesale as well as paid services.

The analysts have concluded that Crimea is the only one of the nine federal districts of the Russian Federation which keeps positive dynamics in key sectors of economy.

“Depression is common to all economic sectors, except wholesale trade and industry, and to all federal districts except Crimea,” says the report.

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