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URGENT: Moscow allocated $2bln for Crimea's development

May 24, 2014, 13:01 UTC+3 MOSCOW

This was the reserve financing that by no means harmed budget financing of other Russian regions

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MOSCOW, May 24 /ITAR-TASS/. Russia has allocated about 70 billion roubles, or abour $2 billion, for the development of Crimea and the city of Sevastopol since the two new regions joined the country, Russian Prime Minister Dmitry Medvedev told the Vesti v Subbotu TV programme.

This was the reserve financing that by no means harmed budget financing of other Russian regions, he added.

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