The sun-blessed region’s main industry, tourism, is in virtual free fall, with the European Union adding to its troubles by recently banning the sale of Crimea-bound travel packages as well as stops by EU-flagged cruise ships at Yalta, Sevastopol and other ports.
Since Crimea’s annexation by Russia in March, prices for foodstuffs have risen steeply, and the local economy has been hit with the double whammy of Western sanctions and Moscow’s slowness to inject the large amounts of capital that was promised to rebuild Crimea’s aging Soviet-era infrastructure. …read more
Source: San Francisco Chronicle
