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http://www.reuters.com/article/us-uk...dChannel=11563Promised prosperity never arrived in Russian-held Crimea, locals say.
More than two years after Russia annexed Crimea and promised its 2 million people a better life, residents say prices have soared, wages and pensions have stagnated and tourists have fled.
Moscow is aware of Armyansk's woes. It put it on a list of more than 300 Russian towns identified as needing state-backed investment to diversify their economies. When contacted by Reuters, Crimea's economy ministry said no projects in the town had yet been developed.
Russia announced plans to invest 680 billion rubles (around $10 bln) in Crimea between now and 2020. That is on top of the billions of rubles it spends each month on pensions and payments to teachers, doctors and government employees.
Pensioners, state employees and people working in the tourist industry were expected to enjoy a significant financial uplift after annexation. Instead, the ruble has lost about half of its value against the dollar since 2014 due to lower oil prices and Western sanctions.
In May, Russian Prime Minister Dmitry Medvedev was filmed during a visit to Crimea being confronted by a woman who complained about low living standards for Crimea's half million pensioners.
"It's impossible to get by on a pension in Crimea," she said. "Prices are crazy ... What is 8,000 (rubles)? It's a paltry sum."
Medvedev's reply went viral online: "We simply have no money ... Bear up."
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