Opportunities in Crimea

Leveraging decades of experience in the Middle and Far East to deliver superior results to our clients.

Crimea offers a world of opportunity

Surrounded by the Black Sea, the  Crimea peninsula is more than twice the size of Yorkshire and about the same size, at 10,425 sq. miles, as the US state of Maryland. Since the 2.248 million inhabitants voted in 2014 to secede from Ukraine and rejoin Russia Crimea has lived on the edge. There is no disputing that the over-reaction of the West – United States, the EU and United Nations – in refusing to recognise CrImea as part of Russia and the imposition of sanctions against Russia and particularly Crimea has had an impact. More than anything it has strengthened the resolve of the Russian people to withstand the attack. The spirit of Leningrad, Stalingrad and Sevastopol is resurgent among the majority of the Russian people.

Personal Insight​

On a week’s visit there in November for the conference on “Crimea in Modern International Context. Friends of Crimea Forum.” I found no invaders; no tanks parading the streets of Yalta and Simferopol and no gun-toting thugs manning checkpoints. In fact the only policeman I saw was the escort officer for our busload of delegates as we visited Vorontsov Palace for a classical concert.

In the words of retired British Major General Mungo-Melvin , in his weighty tome, Sevastopol’s Wars: Crimea from Potemkin to Putin, “throughout Sevastopol’s rich past one detects strong evidence of a patriotic and zealous revolutionary spirit. Sevastopol has energised and enthused its garrison, fleet and citizens alike for over two centuries: it survives today.”

There was no Russian invasion of Crimea in 2014.

Visiting Crimea

There are no direct international flights, so it is via St. Petersburg, Moscow, Yekaterinburg, Sochi, Novosibirsk or Rostov on Don. Once in Crimea most credit and debit cards will not work. Your last chance to get cash is via ATMS at the airports in mainland Russia. If you want health insurance, most western companies will not accept your claims even if they accepted your money for a policy. Best use a Russian company such as Alfa Strakhovaya.

Book hotels in advance and see if they have a payment arrangement with a mainland travel agent or other representative. There are no Hiltons or Holiday Inns but there is a very pleasant huge Intourist hotel in Yalta and London travel agent and visa facilitator, The Russia House, can arrange payment (+44 020 7403  9922).

The $4.5BN Bridge

Crimea  is a hive of activity with new building ranging from a recently finished new terminal at Simferopol International Airport to a $4.5bn new road and rail bridge across the Kerch Strait connecting Crimea to Russia. The hills around the historic Black Sea town of Yalta are sprinkled with new hotels and apartment blocks. 

GAS, PETRO & MORE

A number of openings exist for investors seeking high-return investment opportunities in metallurgical & steel industries, oil, gas and petrochemical industry.

AGRICULTURE & MINING

Opportunities exist in wines, fruits, wheat and further crops, fishing, pearls, mining and natural resources including iron, titanium, aluminium, manganese, calcite, sandstone, quartz and silicates.

TOURISM & LEISURE

The peninsula location has long been reliant on the opportunities for tourism and leisure. Many Russians are rediscovering the joys of the Crimea coast since 2017.

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