MOSCOW/SEVASTOPOL, Crimea(Reuters) - Russia's $1.3 billion (£1.01 billion) plan to build two new power plants in Crimea aimed to show that Moscow could complete high-tech projects on the annexed peninsula despite Western technology sanctions.
But two years after its approval, the plan, which would supply Crimea's residents with power they once got from Ukraine, has been knocked off course by an obstacle thrown up by the same sanctions, four sources familiar with the plans told Reuters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!