Russia Weighs Shifting $3 Billion of Funds to Crimea
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Russia’s government is weighing a proposal to free $3 billion of budget funds allocated for two infrastructure projects as it seeks to boost spending on Crimea, a document obtained by Bloomberg shows.
The cabinet in Moscow may halt construction of a Black Sea port and delay plans for a bridge in Siberia, according to the letter signed by President Vladimir Putin’s chief economic aide, Andrei Belousov. The Russian leader ordered the government to evaluate the proposal, it shows.