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Russia plans to fulfill its liabilities under investment program on Abkhazia’s development

According to the Russian presidential aide, the program will not be cut

A view of a resort in Abkhazia (archive) Viktor Klyushkin/TASS

A view of a resort in Abkhazia (archive)

© Viktor Klyushkin/TASS

SUKHUM, July 18. /TASS/. Russia will fulfill its liabilities under the investment program for promoting Abkhazia’s socio-economic development for 2015-2017, Russian president’s aide Vladislav Surkov said on Monday at a meeting with Abkhazian President Raul Khadzhimba.

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"We are interested in the soonest and complete implementation of the investment program. If we deviate from the plan, it will not be that good for us as well. Anyway, we should not do it to the prejudice of quality," Surkov said.

According to the Russian presidential aide, the program will not be cut. "There are no plans to cut funds allocated on the implementation of the investment program (9.3 billion rubles, or 147.31 million U.S. dollars - TASS), despite the difficult situation in Russia where a number of budget-sponsored programs are subject to cuts," he said.

The Abkhazian prime minister said on July 8 after his visit to Moscow that Russia’s financial assistance to Abkhazia amounted to 2.7 billion rubles (42.76 million U.S. dollars) and is expected to near 7.7 billion rubles (121.96 million U.S. dollars) in 2016. The sum includes the 4.7 billion-ruble (74.44 million U.S. dollars) investment program for promoting Abkhazia’s socio-economic development in 2016.

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