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Crimean infrastructure needs investments in face of Kiev’s possible blockade

March 11, 2014, 0:21 UTC+3 MOSCOW
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MOSCOW, March 10, /ITAR-TASS/. Transport and energy infrastructure in Crimea (autonomy within Ukraine) needs investments because of a possible blocked by Kiev, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs, said on Monday, March 10.

“Serious investments in transport and energy infrastructure are needed because Kiev may impose a blockade on Crimea,” he said.

Speaking of international sanctions against Russia over Crimea, Shokhin said “no one knows the exact scope of possible sanctions at this point or their consequences, but a trade and economic war will inflict losses on both sides.”

Crimea’s possible accession to Russia will at least double the autonomy’s budget, he said. The pressure on the Russian budget will grow just as much, but Russia will in this case save 100 million U.S. dollars it pays no for leasing facilities for its Black Sea Fleet in Sevastopol, he added.

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