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Crimea’s economy diversified - Russian expert

March 11, 2014, 13:07 UTC+3 MOSCOW
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© ITAR-TASS/Alexei Ivanov

MOSCOW, March 11. /ITAR-TASS/. Crimea’s economy is diversified, while small and medium-size business is developed in the autonomous republic, rector of the Russian Presidential Academy of National Economy Vladimir Mau told Itar-Tass.

Commenting on the economic situation in Crimea that is planning to hold a referendum on the accession to Russia on March 16, Mau said, “Tourism, energy, industry and agriculture are developed. Competitive lightships are produced.”

“Many residents of the peninsula are doing small and medium-size business,” the expert said, adding that “to a great extent, the business has not been registered.”

Small and medium-size business creates a good base to develop Crimea’s economy, that is why it is important to take steps towards developing it. “It is necessary to stimulate it,” the Russian expert said.

Mau noted several directions for further economic development of the autonomous republic - these are projects on producing hydrocarbons on the shelf and prospects for developing ports, primarily in Feodosia.

If residents vote for Crimea’s accession to Russia, it has to bear expenses on developing the autonomous republic’s infrastructure - to ensure water supplies to Crimea, the expert said.

“Funding will be indispensable for social welfare which standards are currently lower than in Russia,” Mau said.

“We can say Crimeans may leave for other Russian regions to find jobs. This will be the first factor of social stabilization in Crimea,” he said.

“Of course, political problems between Moscow and Kiev over Crimea will be based on economy. It is very important to separate politics and economy, people’s life and the states’ ambitions,” Mau said.

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