[QODLink]
Europe

Crimea looks to Russia for economic aid

Russia promises to come to the rescue of ailing Crimean economy, with billions of dollars worth of investment.

Last updated: 30 Mar 2014 09:47
Email Article
Print Article
Share article
Send Feedback

Money is a pressing issue in Crimea, which is deeply in debt and in need of investment.

Russia is promising to come to the rescue with billions of dollars' finance.

The hope is that Moscow will spend freely to improve the lives of Crimeans to show that the annexation is a success.

Al Jazeera's Nick Spicer reports from Simferopol.

59

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Anti-government secrecy organisation struggling for relevance without Julian Assange at the helm.
After decades of overfishing, Japan is taking aim at increasing the number of bluefin tuna in the ocean.
Chinese scientists are designing a particle-smashing collider so massive it could encircle a city.
Critics say the government is going full-steam ahead on economic recovery at the expense of human rights.
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.
join our mailing list