Russia Plans $1bn Investment in Crimean Wine Industry

on 11/04/14 at 11:12 am

Wine

indexThe Russian Government plans to invest up to RUB30bn ($1bn) for the development of wine industry in the recently annexed Crimean and Caucasian regions.

The investment plans are set to receive approval at an upcoming meeting of the Prime Minister Dmitry Medvedev-led government, reported Decanter.

Crimea currently has vineyards in 31,000ha in the region that has perfect conditions for the development of winemaking, said Medvedev.

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