Free Economic Zone in Crimea Attracts Investment – Russian Official

Wednesday, 25 March 2015 14:43

A free economic zone in Crimea, due to be launched in March, will attract new investment in the region, and businesses will be secure and profitable, permanent representative of the Crimean Republic to the president of Russia GeorgyMuradov told Sputnik.
"Our president adopted the law, according to which Crimea will be a free economic zone. It gives an impulse to the business community to invest more and more resources into the development of Crimean Peninsula, and it will be very profitable business," Muradov said.
Muradov added that many foreign companies have already invested in the region's development, including Turkish, Israeli, Chinese, and even western European firms, despite the EU sanctions prohibiting them from doing business in Crimea due to Russia's alleged involvement in the Ukrainian affairs.
"We have many investors – especially from Turkey, from China, from Israel, from even West European countries – which are coming to us, independently from the sanctions. They invest through other companies and have big profits working in Crimea," Muradov said.
The official highlighted that Crimea, as part of Russia, participates in various international projects.
"There will be a big exhibition in Saudi Arabia in March. We shall take part in it. It will be a so-called 'road show'… We also plan […] contacts with different business structures and corporations of China," Muradov said.

http://in.sputniknews.com, 24.03.2015

Popular articles

19 February 2015

PRESS RELEASE OF THE EMBASSY OF THE RUSSIAN...

New Delhi, February 19, 2015The reported call of the European Union’s envoy to India to ‘persuade’ Russia over events in Eastern regions of the Ukraine is a case of sheer duplicity and sly distortion of the core reasons which led to the intra-Ukrainian conflict.It must be...
02 April 2015

CONCEPT OF THE RUSSIAN FEDERATION’S...

Created on the initiative of Russian leadership in 2006, the interstate association of Brazil, Russia, India, China and South Africa (BRICS) succeeded in becoming a significant factor in global politics and economy in a short time. BRICS is both a symbol of a growing trend...
Emergency phone number only for the citizens of Russia in emergency in India +91-81-3030-0551
Address:
Shantipath, Chanakyapuri,
New Delhi - 110021
Telephones:
(91-11) 2611-0640/41/42;
(91-11) 2687 38 02;
(91-11) 2687 37 99
E-mail:
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.