Kathrine Frich
The annexation of Crimea in 2014 marked a turning point in Europe’s modern history.
What began as a disputed referendum quickly escalated into a wider geopolitical crisis, with Ukraine losing control of the peninsula and relations between Moscow and Western nations collapsing.
More than a decade later, the consequences of that move is still unfolding with the war in Ukraine.
Now, Vladimir Putin has revealed just how much it has cost.
Billions spent on Crimea
Speaking on the 12th anniversary of Russia’s annexation of Crimea, Vladimir Putin admitted that vast sums have been poured into the region.
“Over the past 12 years, 1.3 trillion rubles ($15.2 billion, £12–13 billion) have been spent on maintaining and addressing Crimea’s socio-economic problems,” Putin said, according to O2.
The Russian leader made the remarks during a speech marking the anniversary, where he praised what he described as the “unification” of Crimea with Russia.
How Crimea was taken
The annexation of Crimea took place in March 2014, following a controversial referendum held under the control of Russian-backed forces.
The vote, widely condemned internationally, was followed by a request from Crimea’s installed authorities to join Russia.
Just two days later, on March 18, Putin approved the move, formally bringing the peninsula under Russian control.
Putin’s version of events
During his speech, Putin repeated long-standing Kremlin narratives about the annexation.
He described those involved as “Crimean heroes” and claimed that Russian forces had supported what he called the will of the local population.
According to Putin, Russian services “helped the local population liberate itself from Ukraine.”
A costly legacy
The figures revealed show the financial burden of maintaining Crimea since its annexation.
Russia has invested heavily in infrastructure and economic support for the region, which has remained under international sanctions since 2014.
The annexation continues to be viewed by Ukraine and most of the international community as illegal.
Sources: O2
