$1.4 mln to be allocated to modernize Crimea’s industrial enterprises in 2016

A total of 90 million rubles (1.4 million dollars) will be allocated from Russia’s federal budget to Crimea on modernization of industrial enterprises in 2016, according to a resolution signed by Prime Minister Dmitry Medvedev and posted on the official portal of legal information on Tuesday (July 12).

Under the resolution, the funds will go to co-finance expenses on the implementation of investment projects for the modernization and development of industrial enterprises.

Apart from that, 55 million rubles (861,740 dollars) will be allocated to Udmutria and 35 million rubles (548,380 dollars) – to the southern Stavropol Territory.

Source: TASS

Author: Hassan Khazaal

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