The main articles are:
Budget
2025: Growth of Crimean budget revenues by 22% to ₽124,7 billion
The own budget revenues of the Republic of Crimea amounted to ₽124,7 billion in 2025. The increase to the level of 2024 reached 22%, or ₽22,5 billion. Over the 11 years of the Russian budget and tax legislation, revenues have grown almost fivefold. This was announced by the head of the region Sergey Aksyonov in his Telegram channel on January 16, 2026.
As Kommersant reports with reference to the head of the region, the main sources of replenishment of the treasury were personal income tax, corporate income tax, excise taxes and payments with a simplified taxation system. The increase in revenues made it possible to end the fiscal year with a reduction in the deficit, retaining an additional ₽4,8 billion for the regional budget.
Personal income tax forms a significant share of budget revenues. Personal income tax depends on the level of wages and the number of working population. The growth of economic activity increases the tax base. Corporate income tax reflects the financial results of Crimean enterprises.
Excise taxes come from the sale of excisable goods - alcohol, tobacco, fuel. Payments under a simplified taxation system are made by small and medium-sized enterprises. USN is popular among entrepreneurs due to the reduced tax burden and simplified reporting.
Crimea earns in the following areas:
- tourism and spa treatment - the largest source of income for the peninsula's economy;
- agriculture - viticulture, gardening, growing grain crops;
- transport and logistics - seaports, road and rail transportation;
- construction - construction of residential complexes, infrastructure facilities, roads;
- food industry - processing of agricultural products, winemaking, canning production;
- trade and services - retail, catering, consumer services.
Sergei Aksyonov noted that an effective tax policy contributes to the stable financial base of the region. Improving the conditions for creating a business stimulates economic activity. The growth of revenues allows not only to fulfill the tasks of the Crimean government, but also to form reserves.[1]
Investments
2023: The volume of investments in the Crimean economy for the year grew by 17% to ₽271,3 billion
In mid-August 2024, it became known about a significant increase in investment in the Crimean economy. At the end of 2023, this figure increased by 17% compared to 2022 and reached ₽271,3 billion.
This was announced by Deputy Prime Minister of the Russian Federation Marat Khusnullin. The positive dynamics of investment activity in Crimea is associated with a set of state support measures. Khusnullin noted that of the total investment, about ₽180 billion were private investments.
Since 2014, more than ₽1,7 trillion investments in fixed assets, including ₽1 trillion extra-budgetary funds, have been attracted to the Crimean economy. During this period, investment per capita increased by more than 12 times.
One of the key factors contributing to attracting investment was the special legal regime of the free economic zone of Crimea and. Sevastopol According to the head, as Ministry of Construction of Russia Ireka Fayzullina of August 2024, 1499 participants in the free economic zone were registered on the territory of the republic and the city of federal significance, having concluded 1644 agreements on the conditions of activity.
Since the beginning of the functioning of the free economic zone, more than 106 thousand jobs have been created and 6289 real estate objects have been commissioned. The efficiency of the zone is confirmed by the fact that for each ruble of the benefits provided there are ₽3,82 investments.
The success of Crimea in creating a favorable investment climate is reflected in the National Rating of the State of the Investment Climate. At the end of 2023, the republic became one of the leaders for the first time, taking 5th place among all regions of Russia. The integral index of Crimea increased by almost 9.5 points, which demonstrates significant progress compared to the 84th place that the region occupied in 2016.[2]
2022: More than 115 billion rubles invested in the Crimean economy in 8 years
Crimea Since 2014, 115 billion have been invested in the economy. rubles Telegram The head of the republic, Sergei Aksenov, wrote about this in mid-November 2022 in his channel.
According to him, the declared volume of investments in the Crimean economy over 8 years exceeded 348 billion rubles. In 2022, 41 new investment agreements were concluded for a total amount of more than 140 billion rubles, Aksenov said.
He also noted the continued development of the free economic zone on the peninsula, 1248 residents of which are implementing 1317 investment projects with a minimum declared investment volume of about 160 billion rubles. The most attractive industries for investors are construction, agriculture, resorts and tourism, the head of Crimea added.
Earlier, Russian President Vladimir Putin said that the volume of private investment in Crimea in 2022-2025. should exceed 1 trillion rubles. Such an ambitious task will require coordination of the actions of the authorities at all levels.
 | It is necessary to work in dialogue and close contact with the business community, to be most attentive to the proposals received from entrepreneurs, the head of state emphasized. |  |
Investments in Crimea remain a risky business, and without significant economic growth, entrepreneurs are unlikely to come to the region themselves, believes Igor Nikolaev, director of the Institute for Strategic Analysis of FBK Grant Thornton.
| | Naturally, if they make an offer that cannot be refused, they will come. But let's be honest, they themselves do not feel a huge desire to invest. 1 trillion rubles. - this is a lot of money. But in fact, there are still other regions of the country that would also like to be equipped. In general, 1 trillion rubles. - This is theoretically possible, but it is almost still very difficult even with our approaches to stimulating business to invest somewhere, "he told Kommersant[3] | |
Banks
Main article: Banks in Crimea
Communication
Main article: Communication in Crimea
Transport
2025: Electric buses launched in Simferopol
In the capital of Crimea, the test operation of the first electric bus of the KAMAZ-6282, transferred to the disposal of the state unitary enterprise of the Republic of Crimea "Krymtrolleybus" for work on city routes, began. A low-floor all-electric bus took to the streets of Simferopol to conduct tests in real operating conditions. This was announced on August 13, 2025 by KAMAZ PJSC. Read more here
2024
Start of construction of the Rostov-on-Don-Dzhankoy road for 400 billion rubles
In September 2024, work began on the construction of a new highway that will connect Rostov-on-Don with the Crimean city of Dzhanka. The implementation of the project is estimated at between ₽350 and ₽400 billion. This large-scale infrastructure project is aimed at improving the transport accessibility of Crimea and new regions of Russia. Go in detail.
In Crimea, began to create a smart transport system for 4 billion rubles
In Crimea, the creation of a large-scale project to create an intelligent transport system has begun, for which investments in the amount of ₽4 billion are envisaged. This was announced at the end of August 2024 by Sergey Biletsky, Senior Vice President and Director of the Corporate Business Department of the RNKB.
According to TASS, the project is aimed at installing and putting into operation automatic systems for controlling violations of traffic rules on the roads of the peninsula. This initiative is being implemented within the framework of the national project "Safe and High-Quality Roads," which provides not only the modernization of road infrastructure, but also the introduction of modern technologies to improve road safety.
Sergei Biletsky noted that support for state initiatives aimed at developing the region's infrastructure is one of the priorities of the RNKB. In 2024, within the framework of the aforementioned national project, 50 transport infrastructure facilities will be repaired in Crimea. The introduction of an intelligent transport system, he said, will be an important step towards ensuring the safety of all road users and effective traffic management in the settlements of the region.
LLC "Safe Roads of Crimea" is actively engaged in the development and implementation of intelligent systems for controlling transport infrastructure. As part of one of the projects, the company entered into a concession agreement with the Ministry of Transport of the region for the installation and operation of automatic traffic violation control systems. This project is part of an overall strategy to improve the transport system of the peninsula.
The creation of an intelligent transport system in Crimea involves the integration of advanced technologies for monitoring and traffic management. It is expected that this system will significantly reduce the number of traffic violations, improve road safety and improve traffic management, which is especially important in the context of the growth of the car fleet and traffic intensity on the peninsula.[4]
Opening of a new Simferopol-Evpatoria highway worth 48 billion rubles
In the Republic of Crimea, the construction of a new high-speed highway Simferopol - Evpatoria - Mirny has been completed. The final section of the road, worth more than ₽48 billion, was officially commissioned ahead of schedule in August 2024. The opening of the road allows you to significantly reduce travel time and improve transport links between the cities of the peninsula. Read more here
Power
1938
Industry
Real estate
2025: A warehouse complex with robots and AI systems was built in Crimea for 10 billion rubles
In the Simferopol region of the Republic of Crimea, a wholesale distribution center was built for 10 billion rubles. The commissioning of the facility is scheduled for December 2025. Read more here.
Tourism
2025
Tourist flow to Crimea for the year increased by 15% and reached 6.9 million people
In Crimea, 6.9 million tourists rested during 2025. The corresponding data on January 13, 2026 was cited by the head of the republic, Sergei Aksenov, in his Telegram channel. According to him, the flow of tourists to Crimea increased by 15%.
According to Sergei Aksenov, the Crimean bridge remains the main transport route for guests of the peninsula, through which 62% of vacationers arrived. Another 14% of tourists chose the path through historical regions. The southern coast of Crimea is traditionally the most popular, where 41.4% of guests are accommodated. The popularity of the west coast is also growing - 32.4% of tourists chose it. 14.7% of vacationers came to the east coast, and 11.5% to Simferopol and surrounding areas.
In November 2025 alone, Crimean resorts received 258 thousand people. The average occupancy of hotels and sanatoriums was 38%, which corresponds to the level of November last year. The most popular among vacationers are Yalta, Evpatoria, Alupka and Saki.
The head of the republic, Sergei Aksenov, noted that Crimea is consistently included in the top 5 most popular resort destinations in Russia according to tour operators - a trend that continues into the New Year period.
Aksenov also said that the infrastructure of the region continues to develop. He noted the opening of the Yalta Aquarium and the Museum of Modern Military History in Yevpatoria, and also stressed that the existing hotels are being modernized. 91 year-round sanatoriums are available for health tourism.
Budget revenues from the travel industry in 2025 doubled compared to the previous period. In 2026, which is declared the Year of Hospitality in the republic, the authorities expect further growth in key indicators.[5][6]
Alba del Mare hotel opened in Evpatoria for ₽5,6 billion
Petersburg development company Tibrgroup opened the Alba del Mare apart-hotel worth ₽5,6 billion in Evpatoria. The complex began operation in June 2025, at the height of the tourist season, and is located in the village of Zaozernoye on the Black Sea coast. Read more here.
In the city of Saki, they began to build the Tempo resort for ₽11,8 billion
The developer company has begun construction of a large-scale resort cluster "Tempo" in the city of Saki on the western coast of Crimea. The total investment in the project will amount to ₽11,8 billion. Construction work officially started on March 19, 2025 with the ceremony of laying a time capsule into the foundation of one of the buildings. Read more here.
Between the cities of Saki and Yevpatoria begin to build the resort "Golden Sands" for ₽60 billion
In Crimea, the construction of the Golden Sands resort complex worth ₽60 billion will begin. The launch of the project in early March 2025 was announced by the head of the republic, Sergei Aksenov. The project will occupy an area of 226 hectares between Saki and Yevpatoria. Preparatory work and clarification of details have already been completed. Read more here.
2024
The attendance of hotels in Crimea for the year increased to 2.2 million people
The number of tourists with overnight stays in collective accommodation facilities for Crimea and Sevastopol increased to 2.235 million people in 2024, compared to 1.933 million people in 2023. The total tourist flow of the region amounted to 4.1 million visitors, the average duration of rest reached seven nights, and the average daily check - ₽2,8 thousand per person. This is evidenced by the data of the Center for Market Economics, released in August 2025.
Despite the increase in 2024, attendance remains 3.1% lower than in 2019, when the number of guests was 2.619 million people. The region's hotel market is showing signs of recovering from a significant drop in 2022-2023.
The number of collective accommodation facilities increased to 1.8 thousand objects, which represents an increase of almost 24% over a five-year period. The total number of rooms in the region amounted to 80.1 thousand rooms with an average area of 23.2 square meters and a capacity of 2.4 people.
More than 20% of the placement still functions in the "gray sector," and most of the formally classified objects do not have stardom. Only 0.7% of hotels received the five-star category, including the largest objects in the region.
Among the five-star hotels stand out:
- Hotel "Mriya Resort & Spa."
- MORE SPA&RESORT boarding house.
- Palmira Palace Resort & SPA.
- Aquamarine Resort & SPA complex.
- Crimean Breeze Hotel & Villas.
- LUCIANO WELLNESS&SPA FOROS sanatorium.
- Hotel Mriya Villa Resort.
- The southern coast of Crimea remains the main center of hotel infrastructure, concentrating 28% of all collective accommodation facilities in the region and 36% of the room stock. More than half of the facilities of the South Bank are located in Yalta and Alushta, where 21% of all numbers in the region are concentrated.[7]
Tourist flow to Crimea for the year increased by 16% and reached 6.06 million people
The number of tourists visiting Crimea reached 6.06 million in 2024, an increase of 16% compared to 2023. Such data was published on January 9, 2025 in his telegram channel by the head of the republic, Sergei Aksyonov.
From the official Telegram channel of the head of the Republic of Crimea, it follows that the main flow of tourists arrived through the Crimean bridge by road transport - 63% and by rail - 26%. The remaining 11% of guests used alternative routes through historic regions.
The southern coast of Crimea received half of all vacationers, becoming the most popular destination. The west coast was chosen by 24% of tourists, the east coast - 15%. The Simferopol and Simferopol Bakhchisarai districts accounted for 11% of the total tourist flow.
The Ministry of Resorts and Tourism of the Republic of Crimea, together with city administrations and business representatives, conducted a number of information campaigns to popularize recreation on the peninsula. Among them - "Bloom in the Crimea!" and "New Year in the Crimea as at home," as well as the All-Russian photo contest "Crimea in my heart."
The tourism potential of the region was presented at international industry exhibitions in Moscow and Irkutsk. For the development of the tourism industry, press tours for the media and bloggers, information tours for state corporations and a tourist rally with the participation of representatives of travel agencies from 51 regions of Russia have been organized.
The Hospitable Crimea program is operating in the region, aimed at improving the quality of tourist services and developing tourist infrastructure. The achieved tourist flow indicators are recognized as successful, given the existing logistical restrictions in the work of the tourist industry of the peninsula.
The increase in the number of tourists indicates an increase in the attractiveness of Crimean resorts and the effectiveness of measures to promote the tourist potential of the region in the domestic market.[8]
Arkady Rotenberg began building the Rachel hotel complex in Yalta with a pedestrian bridge in the Swallow's Nest. This will take ₽15 billion
Visant Group, owned by Arkady Rotenberg, has launched an investment project to build the Rachel hotel complex on the territory of the former Zhemchuzhina sanatorium in Yalta. This became known in early December 2024. The project worth more than ₽15 billion includes the creation of a pedestrian bridge to the castle "Swallow's Nest." Read more here.
181 billion rubles invested in the tourism industry of Crimea over 10 years
181 billion rubles have been invested in the tourism industry of Crimea over 10 years. This was announced in early October 2024 by the Minister of Resorts and Tourism of the Republic Sergei Ganziy at a meeting of the Presidium of the State Council.
According to him, the peninsula continues to increase its tourist potential. Already by 2030 it is planned to increase the tourist flow to 10 million tourists.
| | To date, 66 investment agreements have been signed and are being implemented in the republic regarding the development of the resort and tourism sector. In 2024 alone, 6 such investment agreements were signed for a total of 5.7 billion rubles, Ganziy said in early October 2024. | |
2023: Ministry of Economic Development sends 2.7 billion rubles to support the Crimean tourism industry
The Ministry of Economic Development sends 2.7 billion rubles to support the tourism industry of Crimea. The head of the department, Maxim Reshetnikov, announced this at a meeting with Russian President Vladimir Putin in early May 2023.
| | Now we have received almost 4 billion rubles from the sale of assets of foreign residents through the Ministry of Economic Development. On your instructions, we will send part of this money, namely 2.7 billion rubles, to support the Crimean tourist business in order to compensate for the decrease in tourist flow. This is what we have now, - said Reshetnikov. | |
According to him, in 2023, twice as much was allocated to support tourism as in 2022 - 13 billion rubles, which were sent to 64 regions of the country.
In mid-March, at a meeting by Vladimir Putin, Reshetnikov said that the tourist flow to Crimea in 2022 relative to 2021 sank by a third. The minister then proposed 10%, which foreign companies pay when leaving Russian assets to the budget of the Russian Federation through the ministry (in particular, from tourism, leasing companies), to send to support the tourism industry of Crimea and Sevastopol. The President supported this initiative and instructed to provide such support to tourist organizations of the peninsula.
According to Kommersant in early May 2023, the decrease in demand for vacations in Crimea is due to logistical difficulties: the airport in Simferopol has been closed for more than a year, travel by car across the Crimean bridge is difficult, and there are not enough trains. Against this background, rest in Sochi has risen in price by 30%. The Russian government will allocate almost 170 million rubles for the development of tourism in the Krasnodar Territory, the newspaper points out.
According to Reshetnikov, despite the general increase in prices for accommodation in the summer of 2023, the cost of hotels in Crimea is lower than in 2022 - "primarily due to transport restrictions."[9]
1980: Druzhba sanatorium in Yalta
1974: Cable car in Yalta
1973: Evening embankment in Yalta
Wine
2024: Wine production in Crimea for the year increased by 30% to 71.8 million liters
The production of quiet wines in Crimea in 2024 amounted to 71.8 million liters, which is 30% more than in 2023 at 55.16 million liters. The growth in production was recorded against the background of an increase in vineyard areas and state support for the industry. This became known in October 2025.
In Sevastopol, there was also a significant increase in production indicators for the main categories of wine products. Deputy Head of Roskachestvo Elena Sarattseva reported a high dynamics of growth in the production of quiet wines in the city - almost 40%. The volume amounted to 8.8 million liters in 2024 against 6.35 million liters in 2023.
The production of sparkling and champagne wines in Sevastopol in 2024 increased by 18% and reached 9.7 million liters. In 2023, this figure was 8.2 million liters. The city is one of the leaders in the number of wine projects combined into a single tourist route.
The total area of the vineyards of Crimea and Sevastopol exceeds 30.5 thousand hectares. According to this indicator, the peninsula is approaching the largest viticultural region of the country - the Kuban. Of the total areas on the territory of Crimea, 22.8 thousand hectares are located.
In the Crimean vineyards, 6 thousand hectares are young plantings that will enter fruiting in the next 3-5 years. The total area of fruit-bearing plantings reaches 16.8 thousand hectares. This provides a stable raw material base for the wine industry.
agriculture Crimean Minister Denis Kratyuk noted a significant increase in Crimean viticulture over the past decade from 2015 to 2024. During this period, the total area of vineyards increased by 30% to 22.7 thousand hectares. Gross collection increased by 89% to 123 thousand tons.
The volume of state support for the industry increased eightfold to ₽736,8 million in 2024. Denis Kratyuk stressed that thanks to subsidies for laying young vineyards and updating equipment, the production of alcoholic beverages has significantly increased.[10]
Digitalization
2024
Crimean IT companies increased revenue by 122% to 528 million rubles over the year
At the end of 2024, Crimean IT companies showed a total revenue of 528 million rubles. For comparison, a year earlier, the indicator was at the level of 238 million rubles. Thus, an increase of 122% was noted, as stated in the review of the Expert South edition, published on August 4, 2025.
Total sales of the 100 largest IT companies of the Southern Federal District (Southern Federal District), as stated in the study, in 2024 amounted to about 73.55 billion rubles. This is 66% more than the result for the previous year, when revenue was at around 44.41 billion rubles. The share of Crimean IT organizations in the overall structure of the Southern Federal District market on an annualized basis rose from 0.5% to 0.7%. In this region, only two IT companies that are on the Tor-100 list in the Southern Federal District are operating.
The leading IT organization of the Republic of Crimea is ST-Trade, which develops computer software. Its revenue increased from 238 million rubles in 2023 to 289 million rubles in 2024. Net profit rose from 3 million rubles to 5 million rubles year-on-year.
In addition, the rating includes the company "Crimeatechnologies," which specializes in creating software and enterprise automation systems. This company aims to build a single information space of the Republic of Crimea through the informatization of various areas of activity of the region. The company increased sales on an annualized basis from 121 million rubles to 239 million rubles, that is, almost twice. At the same time, Crimeatechnologies showed a loss of 1.56 billion rubles, while in 2023 the losses amounted to 86 million rubles. The study emphasizes that the net loss of Crimeatechnologies turned out to be the largest among the 100 largest IT companies in the Southern Federal District by the end of 2024.[11]
Results and plans for the digitalization of the construction industry in the region
The head of the Republic of Crimea Sergey Aksyonov on November 7, 2024 announced the progress of the introduction of the information project management system (IPMS) in the construction industry of the region, which allows you to create a unified database of objects from the design stage to commissioning.
According to the press service of the head of the Republic of Crimea, digitalization of the construction sector helps to reduce the cost of capital construction projects and increases the effectiveness of monitoring the quality and timing of work.
| | This involves the creation of a single database of objects, from the design stage to commissioning. In fact, a digital vertical is being created - a format that significantly accelerates the procedure for receiving and transferring documentation, signing certificates of work performed, - said Sergey Aksyonov. | |
The Ministry of Construction and Architecture of the Republic of Crimea began the implementation of the ISUP in 2023. The system registered 338 objects with a construction period from 2024 to 2026. The digital platform ensures transparency of the construction cycle processes, reduces bureaucratic costs and increases the level of personal responsibility of participants.
The plans of the Crimean government include the integration of the ISUP with the systems of state construction supervision, urban planning and state expertise. Such a merger will create a comprehensive digital ecosystem for managing construction projects in the region.
From January 1, 2024, a mandatory requirement was introduced to maintain as-built documentation in electronic format when concluding contracts for the construction or reconstruction of capital construction facilities. This innovation is part of the overall strategy to digitalize the industry.
The introduction of digital technologies in the construction sector of Crimea is aimed at optimizing work processes, improving the quality of construction and ensuring effective control over the implementation of projects on time.[12]
2023: How the digital transformation of Crimea is going. Results of 10 years
At the end of 2023, the share of households in the Republic of Crimea that have the possibility of high-quality high-speed broadband Internet access, including using satellite and mobile communications, reached 88.8%. For comparison, in 2020 this figure was 81.6%, and in 2015 - 70.6%. Such data are given in the materials of the regional Ministry of Economic Development, published in early July 2024.
In Crimea, an active digital transformation of state and municipal administration, economy and social sphere is being carried out. The share of providing mass socially significant state and municipal services in electronic form is 100%. The "digital maturity" of state and municipal administration, key sectors of the economy and social sphere, including health care and education, as of 2023 is at the level of 72.4%. By 2030, this value is planned to be increased to 100%.
It is noted that over 10 years since the formation of the Republic of Crimea in March 2014, a large amount of work has been carried out as part of digitalization. In particular, various information systems have been developed and are functioning:
· Portal of the Government of the Republic of Crimea;
· Internet reception of the government portal;
· Unified postal system of executive bodies;
· Portal of state and municipal services;
· Active citizen;
· Regional system of interdepartmental electronic interaction;
· Automated information system "Earth 2.0";
· Unified video conferencing system ;
· Legal portal of the executive bodies of the Republic of Crimea.
A fiber-optic communication line (FOCL) running along the bottom of the Kerch Strait has been put into operation. In addition, the fiber optic line was laid at the Novocherkasskaya GRES - Kafa section. The construction of the Kafa-Simferopol VOLS section with a length of 160 km has been completed. The total capacity of communication channels existing for 2024 exceeds 1 Tbit/s. Mobile operators Vivacell-MTS (Win Mobile), KTK Telecom LLC (Volna brand), CrimeaTelecom JSC and Miranda media LLC operate a total of about 4,300 base stations.
It is said that 85 different services are available on the Unified Portal of State and Municipal Services of the Republic of Crimea. For 2024, approximately 92.9% of the region's residents have the opportunity to receive public services in electronic form.
The development program of the Republic of Crimea until 2036 provides for an increase in the level of information protection; expanding mechanisms for interactive interaction with the population and the business community and promoting the introduction of information technologies; providing 99% of households with high-quality high-speed broadband Internet access; provision of public services in electronic form and as proactively as possible; reduction of time for provision of state and municipal services; increasing the level of satisfaction of citizens with the quality of service provision up to 90%.
Within the framework of the priority direction "Digital Transformation of State and Municipal Administration, Economy and Social Sphere," it is planned to use modern technologies: among them cloud services, new production solutions, robotics, the Internet of Things, virtual (augmented) reality, etc. By 2036, the share of the use of Russian software in state bodies, corporations, companies and business companies, in the authorized capital of which the participation of the Russian Federation in the aggregate exceeds 50%, as well as in their affiliated legal entities, is planned to be increased to 99%.[13]
Film industry
1966
Economic history
2025: Nationalization of 60 objects of property of Ukrainians
The head of the State Council of the Republic of Crimea, Vladimir Konstantinov, said in May 2025 that the regional authorities had sold 60 objects at the auction during the nationalization of the property of Ukrainian citizens. These sales brought more than ₽4,8 billion to the Crimean budget.
According to Kommersant, the nationalization of the assets of Ukrainian politicians and businessmen, which began in the fall of 2022, is being carried out as part of measures taken in response to the actions of the Ukrainian authorities. The head of Crimea, Sergei Aksenov, said that all funds from sales would be directed to the needs of the participants in the special operation.
The list of nationalized property includes both movable and immovable objects. The head of the State Council of the Republic of Kazakhstan Vladimir Konstantinov stressed that the new owners intend to develop the acquired assets and are ready to invest in them, unlike the previous owners, who, being outside the Crimea, sought to get the maximum profit without investing in development.
Among the nationalized assets are Bakhchisarai Plant Stroyindustriya JSC, the Zaliv shipyard, the property of Rusline Ko LLC, Megastroya, as well as real estate owned by Ukrainian President Volodymyr Zelensky, singer Jamala and former Prime Minister of Ukraine Arseniy Yatsenyuk.
The property of Yalta Film Studio CJSC, Bristol Hotel LLC in Yalta, Platinum Bank PJSC, Ukrsotsbank PJSC, Chaika International Children's Medical Center JSC, Karakash Agro LLC, Boarding House JSC also became the property of the Republic of Crimea.
In total, as part of the nationalization process in Crimea, more than 4.2 thousand objects of property belonging to 410 individuals and legal entities recognized as unfriendly to Russia were alienated. Tax payments to budgets of all levels from the alienation of the republic's property in 2024 amounted to about ₽2 billion, which is 3.8 times higher than in 2023.
2024
Crimea received ₽4,8 billion from the nationalization of the property of Ukrainian businessmen
On January 29, 2025, the Minister of Property and Land Relations of the Republic of Crimea Larisa Kulinich announced the receipt of ₽4,8 billion to the regional budget from the sale of nationalized property of Ukrainian businessmen, politicians and oligarchs in 2023-2024.
According to TASS, tax payments to budgets of all levels from the alienation of the republic's property in 2024 amounted to about ₽2 billion, which is 3.8 times higher than in 2023.
The head of the Republic of Crimea, Sergei Aksenov, noted that in 2022-2024, about 3.5 thousand objects were included in the list of nationalized property, of which 1.2 thousand in 2024.
Minister Larisa Kulinich indicated that about 20% of objects have encumbrances in the form of arrests, mortgages and the transfer of rights to other persons after February 24, 2022, which requires settlement through judicial procedures.
| | More than 30% of objects require a detailed inventory, as a result of which their composition significantly changes, which requires additional accounting and registration of rights, - said Larisa Kulinich. | |
On October 18, 2022, deputies of the State Council of Crimea adopted a law on the possibility of recognizing the property of unfriendly foreign states and their citizens as property of the republic.
As part of the nationalization, the assets of Bakhchisarai Plant Stroyindustriya JSC, the Zaliv shipyard, the property of Rusline Ko LLC, Megastroy and other companies were acquired.
The new list of nationalized property includes objects of 110 oligarchs and politicians, including the property of Yalta Film Studio CJSC, Bristol Hotel LLC in Yalta, Platinum Bank PJSC, Ukrsotsbank PJSC, Chaika International Children's Medical Center JSC and other organizations.
Special attention is paid to the process of inventory and registration of rights to previously not registered and not included in the cadastre real estate objects, which is necessary for their further implementation.[14]
In Crimea, sold the assets of Ukrainian businessmen for more than 2.1 billion rubles
On June 10, 2024, Chairman of the State Council of Crimea Vladimir Konstantinov said that since the beginning of 2023, the republic's budget has received more than 2.1 billion rubles from the sale of nationalized assets of Ukrainian businessmen. This amount includes the sale of property for 1.7 billion rubles in 2023 and for more than 416 million rubles in 2024.
According to Konstantinov, the assets sold are highly profitable objects that are of great interest to investors. He noted that the inventory of all nationalized objects and the preparation of investment packages for their further implementation continues. Konstantinov expressed hope for significant revenues for the Crimean budget from the sale of the remaining assets by the end of 2024.
Earlier, the Crimean parliament adopted a law allowing the property of citizens and organizations from unfriendly foreign states to be recognized as property of the republic. The law covers land plots and movable and immovable property owned by the owners on February 24, 2022. At the end of October 2022, the head of Crimea, Sergei Aksenov, instructed to nationalize enterprises related to the political leadership of Ukraine.
Among the nationalized objects were the enterprises of famous Ukrainian businessmen, such as Rinat Akhmetov and Igor Kolomoisky, former Prime Minister of Ukraine Arseniy Yatsenyuk, deputy Nestor Shufrich, as well as Lithuanian businessman Kolas Igor. The list also includes the Kamysh-Burunsky iron ore plant, the assets of 12 Ukrainian banks and a refrigeration plant in Krasnoperekopsk.
According to Konstantinov, the demand for nationalized assets remains high, which confirms the success of the auctions. He stressed that all proceeds will be used to equip participants in a special military operation.[15]
Notes
- ↑ Crimean budget revenues increased by 22% in 2025
- ↑ Marat Khusnullin: More than 1.7 trillion rubles of investments have been attracted to the economy of the Republic of Crimea since 2014
- ↑ Aksenov told how much money investors invested in Crimea
- ↑ RNKB allocated funds for the creation of an intelligent transport system in Crimea
- ↑ Crimea received 6.9 million tourists in 2025
- ↑ Turpotok to Crimea increased by 15%
- ↑ Hotel market of Crimea in 2024
- ↑ 6 million 60 thousand people. Crimea received such a number of tourists in 2024. This is 16% more than in 2023.
- ↑ The Ministry of Economic Development will send 2.7 billion rubles to support the tourism industry of Crimea
- ↑ Experts of the "Wine Guide of Russia" summed up the audit results in Crimea and Sevastopol
- ↑ Ranking of IT companies of the Southern Federal District 2024: the most successful year for the "figure"
- ↑ Sergey Aksyonov: Ministry of Construction and Architecture continues to implement project management information system
- ↑ Draft program for the development of the Republic of Crimea until 2036
- ↑ Nationalization of the property of Ukrainian oligarchs brought 4.8 billion rubles to the budget of Crimea
- ↑ In Crimea, sold the assets of Ukrainian businessmen for more than 2.1 billion rubles
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |