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Crimea and Sevastopol

Hryvnia accepted in Crimea until June 1

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Russian authorities to allocate over $19 million for Crimea’s transport

MOSCOW, May 12. /ITAR-TASS/. The hryvnia (Ukraine's national currency) will be put out of circulation on the territory of the Republic of Crimea and a city of federal importance Sevastopol, since June 1, 2014, State Duma Speaker Sergei Naryshkn told journalists.

On May 14, the State Duma will discuss a bill at second reading which amends the law "On the accession of the Republic of Crimea and Sevastopol, a city of federal importance, to Russia," the Duma speaker said.

The bill amended by second reading envisages that the term of the hryvnia's circulation on the territory of the Republic of Crimea and Sevastopol has been shortened to expire on June 1, 2014. The amended bill also envisages that documents of the Central Bank of Russia are obligatory to be complied on the territory of the Republic of Crimea and Sevastopol, Naryshkin said.

He reminded that the bill edited at first reading had changed the election date to the legislature of Crimea and Sevastopol into the second Sunday in September, i.e. into September 14, the speaker said.

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Crimea and Sevastopol

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