MOSCOW IS GOING TO CUT THE FUNDING FOR OCCUPIED CRIMEA TWICE

Despite the fact that living standards has declined in Crimea since the Russian invasion the Ministry of Finance of the Russian Federation is planning to reduce funding for the occupied Ukrainian peninsula by twice.

"The funding for the area of social and economic development of the Crimea will be reduced from 149.3 billion RUR in 2016 to 65.98 billion RUR in 2019," reads the official recommendation to the RF Ministry of Finance on funding state programs and the main areas of federal spending in 2017-2019 years.

Meanwhile the economy of previously prosperous and perspective Crimean peninsula is gradually declines. Recall, during his official Rusia's prome minister Medvedev answered to an old lady who complained about the low level of pensions: "we don't have money so good luck, and I wish you a good mood!"

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