Support The Moscow Times!

Crimea Suffers 60% Decline in Housing Construction

Housing construction in Crimea shrank by more than 60 percent in 2015 — a year after Moscow annexed the peninsula from Ukraine — marking the greatest decline among all of Russia's regions, according to a state statistical service report released Monday.

Overall, housing construction in Russia was down 0.5 percent in 2015 from the previous year, although some regions posted increases.

The Far East Magadan region, for example, reported that housing construction was up 59 percent, and the northwest republic of Komi and the central Tula region both reported increases of about 33 percent.

Housing construction in Moscow was up 16 percent, although it was down 15 percent in the Moscow region. The situation was reversed in the city of St. Petersburg and its surrounding region, with construction down 7 percent in the city, but up 30 percent in the suburbs.

In Crimea, however, housing construction in 2015 stood at only 39 percent of its 2014 level, a decline of more than 60 percent.

Crimea's port of Sevastopol, the base of Russia's Black Sea naval fleet, fared only slightly better — the amount of housing built there last year amounted to just under 43 percent of the 2014 level.

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more