Crimean crossing could be funded by infrastructure bonds to take strain off budget

Sergey Shvetsov First Deputy Governor of the Bank of RussiaCrimean crossing: In an attempt to ease the strain on the Russia’s finances, the Central Bank of Russia is considering issuing infrastructure bonds to raise money from the public, its Deputy Chief Sergei Shvetsov said last week. The idea was interesting because a crossing could generate revenue, he explained. The cost of building a bridge across the Kerch Strait linking Crimea to the Russian mainland could be as high as $4.3bn, prompting Crimea’s envoy to the Kremlin to propose a tunnel (which would probably cost under $1.5bn) as an alternative. The Moscow Times