Russia is changing its approach to financing the occupied Crimea

Присяжнюк Владислава
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14:52, 03 January
Russia is changing its approach to financing the occupied Crimea
Image source: Pixabay

The Russian government has prematurely terminated the Federal Target Program "Socio-Economic Development of the Republic of Crimea and the City of Sevastopol until 2025."

This is stated in a government decree.

It is noted that instead of the Federal Target Program, the state program "Socio-economic development of the Republic of Crimea and the city of Sevastopol" will be implemented.

"Suspend ahead of schedule from January 1, 2022 the federal target program" Socio-economic development of the Republic of Crimea and the city of Sevastopol until 2025", approved by the Government of the Russian Federation on August 11, 2014", - was informed in the document.

The government has instructed the Federal Target Program to fulfill all contracts and agreements concluded for the implementation of this program.

What is known

  • The state program "Socio-economic development of the Republic of Crimea and the city of Sevastopol" was approved in January 2019. The decree states that its main goal is to "overcome the socio-economic backwardness of Crimea and bring the quality of life to the average level in Russia".

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