Crimea turned to be most subsidized region for Russia: Vedomosti

11 July 2014 13:14
(QHA) -

Crimea turned to be most subsidized region for Russia, Vedomosti Newspaper reported, quoting Russian Finance Ministry’s estimates.

“Crimean subsidy for 2015 will makes 50,9 bln rubles. There will be no exact purpose, so Crimean authorities may spend the money on any purpose. In fact, these money are allocated to provide Crimea”- reads the newspaper.

According to the report, most subsidized regions of Russia in 2014 are Sakha (Yakutia) Republic (51,4 bln rubles), Dagestan (43,2 bln rubles) and Kamchatka Krai (31,7 bln rubles).

About 100 bln rubles were allotted for pensions and other social payments. All the funds (a total of 343,9 bln) are allocated from Antirecessionary Fund of Russia.

Crimean peninsula was annexed by Russia in March 2014, following referendum on peninsula's status. However Kyiv, the EU and the U.S. have condemned the annexation as illegal and refused to recognize it.