Russia set to invest $1bn in Crimean wine
Decanter.com./- The Russian government is considering investing up to RUB30bn (US$1bn) to develop winemaking in the recently annexed Crimean Peninsula over the next several years. The funding is set to be approved at a forthcoming meeting of the Russian government under the leadership of Russia’s Prime Minister, Dmitry Medvedev, who has praised the quality of Crimean wine. Investment will be dedicated to the development of the wine industry in Crimean and Caucasian regions of Russia. According to Medvedev, Crimea’s total…