Ukraine develops economic recovery plan for Crimea, says PM Shmyhal

The New Voice of Ukraine
·1 min read
The third summit of the Crimean Platform took place in Kyiv
The third summit of the Crimean Platform took place in Kyiv
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Ukraine’s government has outlined an economic model for the development of Crimea within the Strategy for the peninsula’s recovery after its liberation from Russia, Prime Minister Denys Shmyhal said on Aug. 23.

The model consists of five key points, the prime minister said during the Third Crimean Platform Summit in Kyiv.

Read also: Liberating Crimea necessary to preserve international order — Poland’s Duda

Crimea as Europe’s new tourist hub. The government aims to transform the peninsula into a year-round resort, positioning it as a destination for leisure and recreation. The plan involves the creation of new hotel infrastructure and public spaces under the “Crimea365” brand.

Uniting Crimea with Ukraine, Europe and the world. Integrating the peninsula into the European transportation network TEN-T. The plan includes the construction of four highways, two international-level airports, as well as dismantling of the Crimean Bridge for safe navigation in the Black and Azov seas.

Power industry. Integrating Crimea into the ENTSO-E energy system and promoting renewable energy sources. Plans involve developing the Black Sea gas shelf using cutting-edge technologies, with the government envisioning Crimea as a net energy exporter.

Read also: Ukraine can strike Russians at any place in occupied Crimea – Budanov

Agricultural sector development. The government is drafting a project for the restoration of the Kakhovka Hydroelectric Power Plant to irrigate southern Ukraine. The Cabinet of Ministers aims at supporting small-scale farming and expanding the eWork program to support viticulture in Crimea.

Establishing a European and global-level IT hub on the peninsula. Special regulations to attract investments in science, education, and innovation. The government believes that “Crimea should become a Ukrainian Silicon Valley.”

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