Experts assessed the annual "infusion" of Moscow into the Crimea at $ 2 billion

Experts assessed the annual "infusion" of Moscow into the Crimea at $ 2 billion

After the referendum in 2014, Moscow invested about $ 4 billion in the social economy of the peninsula and continues to subsidize the region. Annually, it costs $ 2 billion, analysts calculated from the Atlantic Council Center

Photo: Sergey Malgavko / TASS

Analysts from the American Research Center Atlantic Council found that the annual subsidization of the Crimea without taking into account military expenditures costs the Russian authorities $ 2 billion, according to the report of the organization entitled “The Kremlin aggression in Ukraine: the price tag.” On the Atlantic Council website, this document was published in March, but in Ukraine it was introduced only in June, informs on its website Ukrainian Crisis Media Center. It was on its site that the presentation of the report took place.

Moscow, as indicated in the study, after the referendum on the annexation of Crimea in 2014 “poured” about $ 4 billion into the social economy of the peninsula and now continues to subsidize the region. Annually, according to analysts, it costs $ 2 billion. Besides, the Atlantic Council experts paid attention to the construction by Russian authorities in the Crimea of ​​a bridge across the Kerch Strait from mainland Russia to the eastern Crimea (the automobile traffic on it was launched on May 15). Experts estimated the construction of this structure at $ 3.5 billion. “The project,” as the report indicates, “is controlled by Arkady Rotenberg (a construction magnate and longtime friend [of Vladimir Putin’s president] Vladimir Putin, who, like many of his companies involved in the construction of the bridge , is under sanctions. ”

In this connection, as the Atlantic Council concluded, the Crimean economy became “completely dependent on Russia and probably will remain so.” However, the annual amount of injections, as experts say, is “tolerable” for the Kremlin – $ 2 billion is only 0.14% of Russia’s current GDP of $ 1.4 trillion.

The main material losses of Ukraine in the Crimea in the Atlantic Council were called “land, energy assets, banks with assets, as well as business enterprises and housing.” “With Russia’s annexation, Ukraine immediately lost all [state-owned] state property, including Naftogaz holdings, infrastructure, buildings, land and military assets,” the study said. In total, as representatives of the research center indicated during the presentation of the report in Ukraine, “because of Russian aggression in the Crimea and in the Donbas,” Kiev lost $ 100 billion. Of these, more than $ 1.8 billion is the cost of 1.4 million hectares of agricultural land on the peninsula. In addition, as experts found out, Ukrainian banks lost assets in their own branches in the Crimea at a cost of about $ 1.7-1.9 billion because of the conflict. Russia, according to the study, “confiscated” Krymenergo, “as a result, Ukraine lost another $ 1 billion “.

Poroshenko promised to raise the Ukrainian flag over Sevastopol

The “We are not talking about selling the Crimea. Crimea for us – part of the territory of Ukraine. It’s about protecting investors who illegally lost their rights in the Crimea. It is obvious to us: the right to property belongs to Ukraine, and Russia simply usurped our right to regulate this and create a dual legal regime in the Crimea. This is our uncompromising position, “Deputy Foreign Minister of Ukraine for European Integration Elena Zerkal said at the presentation of the Atlantic Council report.

In addition, as one of the authors of the report, Anders Aslund, Senior Researcher of the Eurasian Center at the Atlantic Council, emphasized at the event, because of the fighting in the Donetsk and Lugansk regions, a significant part of the infrastructure was destroyed. The cost of these losses, he estimated at $ 9.5 billion.

Opening of the automobile traffic along the Crimean bridge. Photoreport

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Now, as a freelance senior researcher at the Atlantic Council global energy center Alan Riley noted, Ukrainian companies and individuals who lost their assets as a result of “Russian aggression” have to file lawsuits against Russia in international courts.

“[Now] there are three possible ways that Ukrainians can go to get compensation for the damage,” the president of the World Congress of Ukrainians Evgeny Choliy said at the presentation. One of them, he said, is the 1998 bilateral investment agreement between the government of Ukraine and the Russian Federation. “This bilateral agreement provides that each party should encourage investors of the other party to invest in its territory and will allow such investments if they comply with the legislation of the other party,” he explained.

It is also important to motivate investors to return to the territory of the Crimea “after the end of the occupation,” said Julia Klimenko, vice president of the business education department of the Kyiv School of Economics. “Motivation will gradually decrease. This issue should become part of public debate. Indirect losses will be much greater than direct losses in the occupied territories, “she added, noting that the Ukrainian side” should be ready to calculate all the losses. “

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