Russia set to return foreign firms to Crimea

May 28, 2014

Russia is ready to discuss conditions of work on the Crimean continental shelf with the foreign companies that concluded contracts with Ukraine, Novosti Kryma has reported, citing Russian Deputy Prime Minister Arkady Dvorkovich. “If the companies are ready to carry on with projects in the Black Sea area which has legally become part of Russia, we are ready to discuss this with them”, said Dvorkovich. It is expected that the taxation regime for those projects will be the same as for Russian projects in the Black Sea. Dvorkovich said the companies should not wait for their countries to recognize Crimea’s annexation by Russia because that’s an international, not a commercial issue.

Copyright: Terminal, 2014