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Investors in Crimea to receive "considerable" state support

0 13 May 2014

Oleg Savelev, the Russian minister responsible for the Crimea, has promised that investors willing to inject money into the region will receive “considerable support” from the Russian government. 

In addition to Russian and Ukrainian investors, Savelev hopes to attract money from China, India, Korea and South East Asia to the region. He explained that

“I am particularly hopeful about Singapore, because it faces many of the same problems that we have in Crimea - namely issues connected with water supply and developing limited land.”

Savelev also stated his conviction that EU investors who previously showed interest in the region would return once the dust had settled on the region’s controversial amalgamation into the Russian Federation.

Source: RIA

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