Crimea to become special economic zone: Medvedev

Russia to prepare a federal program for Crimea's economic status, says Russian prime minister

Russia to prepare a federal program for Crimea's economic status, says Russian prime minister

MOSCOW - Crimea is to be granted special economic zone status, Russian Prime Minister Dmitry Medvedev has said.

Speaking at a cabinet meeting held to discuss the economies in Crimea and Sevastopol on Monday, he said Moscow would provide a long-term subsidy to Crimea while preparing a federal program for its "economic status". 

"I think that it is possible to consider the issue of establishing a special economic zone in Crimea," he said. 

Gazprom, the Russian energy giant, would "take the necessary step" to increase natural gas production in Crimea, Medvedev added.

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