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World

Published: Monday March 31, 2014 MYT 6:15:02 PM
Updated: Monday March 31, 2014 MYT 6:16:31 PM

Russia to create special economic zone in Crimea to woo investors

SIMFEROPOL, Crimea (Reuters) - Russia will make Crimea a special economic zone offering tax breaks and reduced bureaucracy to attract investors, Prime Minister Dmitry Medvedev said on Monday.

"Our aim is to make the peninsula as attractive as possible to investors, so that it can generate sufficient income for its own development," Medvedev told a Russian government meeting on the Black Sea peninsula, which Moscow has annexed from Ukraine.

(Reporting Darya Korsunskaya and Steve Gutterman, Writing by Maria Kiselyova, Editing by Timothy Heritage)

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