Investors are ready to place up to 290 billion rubles ($5 billion) in economy of the Crimean Republic in the near future, the regional Minister of Economic Development, Andrey Melnikov, said on Saturday.
According to him, the amount of investment under the contracts signed within the framework of a free economic zone and the system of special investment agreements between the Republic and partners is comparable with a gross regional product.
“It is more than 290 billion rubles, which investors are ready to place in Crimean economy over the course of the next two or three years,” Melnikov said in an interview with Sputnik on the sidelines of St. Petersburg International Economic Forum held in Russia last week.
“We wish to convert Crimea into a modern territory,” he added.
