The Russian Federation disabled the access to identification information on the register of companies located in Crimea.
This action has faced major criticism from several organisations across the world.
The information affected included names of foreign and local business owners and investors.
This new measure replace the previous government decision which made it available upon the annexation of the territory to the federation.
Some claim that the decision searches to prevent sanctions over individuals linked to the region.
This comes after the EU supported in unanimous vote the extension of sanctions up to 2020.
Mrs. Valentina Samar (chief editor of Crimea’s Centre for investigative Journalism), notes that since 2015 Crimea has become a a place for “toxic banking and insurance institutions to work”.
Several organisations have mentioned that corruption and money laundering have dramatically expanded in Crimea since the annexation.