The crisis in the Autonomous Republic of Crimea in southern Ukraine is likely to harm the region's tourism industry, Ukrainian Prime Minister Arseny Yatsenyuk said here Wednesday.

"In fact, there would be no holiday season, so the government needs to adjust the revenues of the autonomous republic," Yatsenyuk told a cabinet meeting.

Yatsenyuk said the "presence of Russian tanks and military troops" in the Crimean peninsula, Ukraine's popular Black Sea resort, could scare off potential tourists.

Ukraine is ready to increase government subsidies to Crimea to ensure social stability in the peninsula, Yatsenyuk said, adding the cabinet has allocated 6.2 million U.S. dollars from the state budget to support the region in the past two days.

Currently, the Crimean economy is 52 percent supported by the Ukrainian state. Last year, the autonomous republic earned about 250 million dollars from tourism.

The mostly Russian-speaking Crimea is now the epicenter of the ongoing crisis. Some 50 armed men carrying Russian navy flags took control of two airports in the Crimean capital of Simferopol and the second-largest city of Sevastopol on Friday, one day after gunmen seized the local parliament and government buildings and raised Russian flags over them.