Russian Legislature Needs More Time for Crimean Development

Lesson Brief Kommersant
The cost of the Federal Development Program for Crimea may be more than what the Ministry of Finance has allotted. However, Russian Prime Minister Dmitry Medvedev stated that expenditure on the development of Crimea should not be a reason to limit the financing of other Russian territories. The budget for the development plan has a deadline of July 15 . At the same meeting, Medvedev demanded legislation for the creation of a special economic zone in Crimea to be completed by August 1 . The legislation will provide significant tax breaks in order to "create the necessary conditions for economic activity", according to Medvedev. The head of the Ministry of Finance is the main opponent to the tax legislation.
Russia 24

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