Support The Moscow Times!

Cash-Strapped Russia to Delay Building Highways in Crimea

While highway construction is delayed, some other projects in Crimea will be accelerated.

Russia will most likely have to delay construction of highways in the annexed territory of Crimea as plans to develop the region come under pressure from budget restrictions, Crimean Affairs Minister Oleg Savelyev said.

"We will introduce the major highways a bit later than was planned," Savelyev said, citing budget limitations, in an interview with the RBC news agency published Monday.

Low oil prices have gutted state revenues, forcing the Russian government to order 10 percent spending cuts across the board earlier this year.

But while highway construction is delayed, some other projects in Crimea will be accelerated — in particular, the laying of a cable to provide electricity to the peninsula, Savelyev said.

Crimea currently depends on Ukraine for much of its water and electrical supplies, a reliance that has become a security concern since Russia's annexation of the territory in March. Ukraine temporarily cut off power to Crimea last December in the midst of power shortages.

Russia dished out nearly 125 billion rubles ($2 billion) in financial support for Crimea in 2014, RBC reported Monday, citing the Finance Ministry.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more