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Putins Crimean Gamble

If history is any judge, transforming Crimea into a Russian Las Vegas is an idea that is unlikely to work, writes Galina Stolyarova.

Published: April 30, 2014 (Issue # 1808)



  • Monte Carlo, a model for Crimea?
    Photo: Wikimedia Commons

While Russia faces intense international pressure over the annexation of Crimea, Vladimir Putin appears calm. Not only is the president adamant about the legal basis for the occupation, he is also vigorously pushing forward with ambitious commercial plans for the newly seized territory.

The formula the Kremlin has hit upon for invigorating the Crimean economy sounds like a Freudian slip. The peninsula that became the object of a dangerous political gamble and an armed takeover is now being touted as Russias answer to Monte Carlo.

Crimean Deputy Prime Minister Rustam Temirgaliev told news agencies on Apr. 21 he believed there would be strong support from investors to develop the prospective gambling zone. In his view, the peninsula already has an infrastructure suited to further tourism development

The gambling center stands a good chance of becoming a competitor to such sophisticated territories as Macau, Monaco, and Las Vegas, Temirgaliev said.

The idea won swift support from Putin, who sent a bill to Russias parliament aimed at enabling Crimeas transformation. It also received immediate backing from the Russian Regional Development Ministry, which projects that an entertainment and tourism complex would bring Crimea which in peaceful times sees about 3 million vacationers annually an additional 600,000 visitors a year, worth roughly 1 billion extra rubles ($28 million) to the regions budget.

However bizarre the idea may seem outside Russia, it is clear that the Russian authorities wish to lose no time in stamping their mark on the newly acquired territory. They are sending out the message that there will be no withdrawal and that they know what they are doing.

The Kremlins confidence over its Crimean gamble is rooted largely in Russias massive stock of oil and gas. However much EU members may protest, the view goes, Russia, as a huge supplier of fuel to the rest of Europe, ultimately has its critics over a barrel.

While Russians may be willing to pay some kind of price for Crimea, the plan to turn it into a new casino mecca suggests that the Kremlin itself is not quite certain why it wants Crimea back or what it wants to do with it. The plan looks particularly questionable in light of the recent fruitless launch of a Las Vegas-style resort in Sochi after the Winter Olympics.

Support for the Sochi plan is said to have been lukewarm both among Russians and on the international tourism market. The complexs projected prices would have approached those charged by some fashionable European resorts, and there was doubt over whether enough visitors would be willing to pay up. In the end the idea of a gambling palace was rejected as clashing with the kind of high-end resort Sochi aims to become.

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ALL ABOUT TOWN

Saturday, Dec. 20


The citys Babushkina Park on Prospekt Obukhovskoy Oborony will be invaded by dozens of rocking-and-rolling Santa Clauses during todays Santa Claus Parade. Not only will they parade through the park but there will also be competitions amongst the festively-clad participants and a musical master class. There will also be a prize for the best-dressed Santa Claus.


Add to your record collection during the Vinyl Christmas Sale at the KL10TCH bar on Konyushennaya Ploshchad today. Spend the afternoon perusing the records for sale while listening the classic, clean sound of records spinning out hits from a variety of musical genres and time periods.



Sunday, Dec. 21


The Zenit St. Petersburg basketball team returns to the northern capital this evening for a matchup with Krasny Oktyabr, a Volgograd-based basketball club. Tickets for the game, which tips off at 6 p.m. this evening, can be purchased on the clubs website or at their arena, Sibur Arena, on Krestovsky island.


Satisfy your sugar cravings during Sweet New Year, an ongoing seasonal festival at the Raduga shopping center. Each weekend of December will welcome hungry visitors to taste hundreds of different kinds of desserts made from a plethora of sweet treats. Workshops are open to visitors and seasonal gifts can also be purchased for those rushing to finish their New Year shopping.



Monday, Dec. 22


Pick out the latest fashions as holiday gifts for loved ones or as early presents for yourself during the Christmas Design Sale at Kraft on Obvodny Kanal, starting on Dec. 20 and continuing through Dec. 27. Designer clothes will be on sale every day of the week or you can buy something more festive to decorate the home while sipping on hot coffee and perusing the various master classes.



Tuesday, Dec. 23


Meet Arctic explorers Fedor Konukhov and Viktor Simonov during SPIBAs and Capital Legal Services event Arctic Expedition this morning in the Mertens House business center at 21 Nevsky Prospekt. The meeting will discuss the explorers ongoing eco-social project and how companies can use the project as a unique marketing opportunity. Email office@spiba.ru by Dec. 22 if you wish to attend.



Wednesday, Dec. 24


The Anglican Church of St. Petersburg we will be holding a Christmas Eve service at 7 p.m. led by Rev Wm. Shepley Curtis of the Episcopal Church. The service will be held at the Swedish Church at 1/3 Malaya Konyushennaya Ulitsa.



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