Country issues Crimea banknote in move likely to irk Ukraine

ben adhoc

December 23, 2015 4:03 PM

Russia's central bank said in a statement it would issue 20 million of the new notes. It has previously minted a 10 rouble coin to celebrate Russia's control of Crimea.

Russia issues Crimea banknote in move likely to irk Ukraine

Russia on Wednesday issued a new banknote dedicated to Crimea, the Ukrainian peninsula it annexed last year, in a move likely to anger Kiev which says it wants the territory back.

Russia seized Crimea from Ukraine in March last year in a military operation denounced by the West which imposed retaliatory sanctions on Moscow that remain in place.

The new banknote, worth 100 roubles ($1.41), depicts a memorial to sunken ships in the port of Sevastopol, where Russia keeps its Black Sea Fleet, and the Swallow's Nest, a cliff top castle near Yalta.

The yellow-coloured note also features a watermark of Empress Catherine the Great, who extended the borders of the Russian Empire in the eighteenth century to absorb Crimea.

ben adhoc