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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussia Sees Billions Spent on Crimea as Putin Pushes Treaty...
Russia Sees Billions Spent on Crimea as Putin Pushes Treaty (1)
By Olga Tanas and Anna Andrianova
Russian lawmakers are preparing to ratify a treaty this week to annex Crimea, hailing as a victory the return of the Black Sea peninsula that may require billions of dollars even as the national economy comes under strain.
Parliament plans to finish all legal procedures to accept the breakaway region into Russia this week, Sergei Mironov, leader of the Just Russia party, told reporters today in Moscow.
President Vladimir Putin, facing the weakest economic outlook in four years and forecasts of surging capital outflows, is defying Western threats of sanctions and pressing ahead with plans to absorb Crimea, a predominantly Russian-speaking region that houses the Black Sea Fleet. Putin blamed the West for forcing him into a corner and vowed to protect those of Russian heritage from Ukrainian nationalists. Crimea will need billions of dollars of investment in infrastructure, according to Russias Economy Ministry.
<...>
Even before the protests in Kiev turned deadly last month, Russian Deputy Economy Minister Andrey Klepach said capital outflows were increasing and may reach $35 billion in the first quarter, more than half of the $63 billion for all of 2013.
- more -
http://www.businessweek.com/news/2014-03-19/russia-sees-billions-of-crimean-spending-as-putin-pushes-treaty
By Olga Tanas and Anna Andrianova
Russian lawmakers are preparing to ratify a treaty this week to annex Crimea, hailing as a victory the return of the Black Sea peninsula that may require billions of dollars even as the national economy comes under strain.
Parliament plans to finish all legal procedures to accept the breakaway region into Russia this week, Sergei Mironov, leader of the Just Russia party, told reporters today in Moscow.
President Vladimir Putin, facing the weakest economic outlook in four years and forecasts of surging capital outflows, is defying Western threats of sanctions and pressing ahead with plans to absorb Crimea, a predominantly Russian-speaking region that houses the Black Sea Fleet. Putin blamed the West for forcing him into a corner and vowed to protect those of Russian heritage from Ukrainian nationalists. Crimea will need billions of dollars of investment in infrastructure, according to Russias Economy Ministry.
<...>
Even before the protests in Kiev turned deadly last month, Russian Deputy Economy Minister Andrey Klepach said capital outflows were increasing and may reach $35 billion in the first quarter, more than half of the $63 billion for all of 2013.
- more -
http://www.businessweek.com/news/2014-03-19/russia-sees-billions-of-crimean-spending-as-putin-pushes-treaty
Investors are fleeing Russia and they are losing billions of dollars
http://www.democraticunderground.com/10024685574
Russians laughing at sanctions? Pure bluster
http://www.democraticunderground.com/10024685278
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Russia Sees Billions Spent on Crimea as Putin Pushes Treaty... (Original Post)
ProSense
Mar 2014
OP
DetlefK
(16,423 posts)1. Who can forget the billions spent in Sochi...
http://www.thenation.com/blog/178312/what-did-sochi-get-51-billion-highways-railroads-and-lot-white-elephants#
Let's see, how much of a fuck Russia gives about non-military-spending in Crimea a year from now.
Let's see, how much of a fuck Russia gives about non-military-spending in Crimea a year from now.
ProSense
(116,464 posts)2. Kick! n/t
Tommy_Carcetti
(43,182 posts)3. Who exactly is the treaty with?
geek tragedy
(68,868 posts)4. itself apparently--that's the only kind it will honor nt