DAILY INFORMATION DIGEST

DEVELOPING THE ECONOMY
OF THE FAR EAST
№10 22.08.2016

EASTERN ECONOMIC FORUM
NEWS DIGEST
15 August 2016, www.primorsky.ru

Volunteers begin work at Eastern Economic Forum venue
Volunteers have begun work at the accreditation centre which has been opened the Far
Eastern Federal University. According to Alexander Kaidanovich, Director of the Primorsky
Territory Department for Youth Affairs, “more than 400 volunteers will be working at Forum
events, including young people from Sakhalin and Kamchatka, Khabarovsk Territory, and otherparts of the Russian Far East.” http://primorsky.ru/news/115773/
11 August 2016, TASS

Eastern Economic Forum to host charity race to protect rare wild animals
On 2 September 2016, Vladivostok will host a charity race to support work to protect theRussian Far East’s wild populations of rare Siberian tigers and Amur leopards. Organizers
hope to focus the attention of political and business elites and the public on the region’senvironmental issues. All residents and guests of the city are invited to take part in therace. http://tass.ru/novosti-partnerov/3530037 (Russian)
11 August 2016, TASSKhabarovsk Territory to unveil seven projects worth more than RUB 300 billion ininvestment at Eastern Economic Forum
Governor of Khabarovsk Territory Vyacheslav Shport announced that projects selected
for the Eastern Economic Forum include such major initiatives as development of the1DAILY INFORMATION DIGEST

DEVELOPING THE ECONOMY OF THE FAR EAST

Malmyzh gold deposits (Amur Minerals, investment – RUB 260 billion), a new Muchka Bay
coal terminal (Sakhatrans, investment – RUB 24 billion), and a new Khabarovsk Airport
passenger terminal (Khabarovsk International Airport, investment – RUB 24 billion). http://tass.ru/ekonomika/3528057 (Russian)
11 August 2016, TASS

China’s Ministry of Foreign Affairs: “The Eastern Economic Forum is an important
platform for cooperation between Russia and China”
According to the Chinese Ministry of Foreign Affairs, the country “is ready to play anactive role in developing the Russian Far East for the mutual benefit of both nations.
China is determined to strengthen cooperation and tap existing advantages, and will
be offering incentives to increase cross-border partnerships.” http://tass.ru/mezhdunarodnayapanorama/3525226 (Russian)
10 August 2016, EastRussia.ru

Eastern Economic Forum to host meeting of Russian-Chinese Financial Council
The Russian-Chinese Financial Council (RCFC) was founded in October 2015. The initiative
was spearheaded by Sberbank of Russia and Harbin Bank. During the Eastern EconomicForum 2016, the results of the RCFC’s first year of operations will be discussed, and plans
will be unveiled for cooperation in the second half of 2016 and in 2017. The Council
currently encompasses 49 financial and banking institutions from both countries. http://www.
eastrussia.ru/news/zasedanie-rossiysko-kitayskogo-finansovogo-soveta-proydet-v-khode-vef-2016/ (Russian)
10 August 2016, Vedomosti

Massandra ready to enter Chinese market
Massandra, the largest winery in Crimea, has unveiled plans to harvest more than 15,000
tonnes of grapes, matching last year’s harvest. CEO Yanina Pavlenko announced thatthe company intends to increase production by 10.5% to 10.5 million bottles. According
to Ms. Pavlenko, the winery is ready for the Chinese market, and will be talking toprospective Asian partners at the Eastern Economic Forum. http://www.vedomosti.ru/newspaper/articles/2016/08/11/652586-vkrattse (Russian)

STATE POLICY IN THE FAR EAST
11 August 2016, REGNUM News Agency

Vladimir Putin meets government officials to discuss development measures for Russian
Far EastAccording to Alexander Galushka, between 1 January and 1 June 2016, the population ofthe Russian Far East increased by 935, while migration from the region went down by
68.75% compared to the previous rate. The natural population increase over these fivemonths exceeded figures for the same period of 2015 by 70%.
The Minister also reported on the progress of the region’s advanced special economic
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DEVELOPING THE ECONOMY OF THE FAR EASTzones (ASEZs) and free ports. This year will see the launch of 51 new companies (withinvestment totalling RUB 80 billion). A further 61 investment projects worth RUB 617
billion are currently under construction, and plans are being drawn up for 28 more projects
with total investment amounting to RUB 113 billion. https://regnum.ru/news/society/2165647.html(Russian)
11 August 2016, EastRussia.ru

Development in Russian Far East to get boost of RUB 46 billion per year
“Dmitry Medvedev has approved the new version of the Socioeconomic Development of theRussian Far East 2025 state programme, which includes the latest regional development
tools”, Alexander Galushka announced. “The document defines state financing benchmarks for
2017–2019 in the amount of RUB 46.7 billion per year, which will allow us to continue ourwork to develop the Russian Far East.” http://www.eastrussia.ru/news/galushka-orientiry-byudzhetnogofinansirovaniya-dalnego-vostoka-v-razmere-46-7-mlrd-rubley-ezhegodno/ (Russian)
10 August 2016, TASS

Investment projects valued at RUB 1.16 trillion to be implemented in Russian Far East by2024“By 2024, the volume of investment flowing into the region will allow us to implement 295
investment projects worth a total of RUB 1.16 trillion, creating 67,000 jobs”, Alexander Galushka
explained. The Minister also noted ongoing efforts to attract investment to the region. “Overthe course of the year, we intend to bring RUB 2 trillion in investment into the Russian FarEast.” http://tass.ru/ekonomika/3525958 (Russian)

THE ECONOMY OF THE RUSSIAN FAR EAST
10 August 2016, RIA Novosti

State Duma to consider reducing electricity tariffs in Russian Far East
The final draft of new legislation to lower electricity tariffs in the Russian Far East has
been tabled for review during the autumn session of the State Duma and could go into
effect as early as 1 January 2017.
“One issue that has hampered development in the Russian Far East, and which is being
addressed right now, is the need to lower electricity tariffs in parts of the region where
they exceed the Russian average”, Alexander Galushka said. “The final draft is ready, andthe State Duma will consider it during its autumn session. This will allow us to startlowering tariffs in the Far East from 1 January 2017.” http://ria.ru/economy/20160810/1474045057.
html#ixzz4H6RkO55q (Russian)3

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DEVELOPING THE ECONOMY OF THE FAR EASTNEW DEVELOPMENT TOOLS FOR THE RUSSIANFAR EAST: SUCCESS STORIES
15 August 2016, Interfax

New high-speed vessel built in Russia to be unveiled at Eastern Economic Forum
Khabarovsk Shipyard has begun to manufacture А45-2 passenger vessels, which can reach
speeds of up to 70 kilometres an hour and transport up to 100 people. The А45-2 cannavigate shallow waters and can dock without the need for docking facilities.
Regional clients have already ordered several А45-2 vessels. However, the shipyard canhandle much higher capacities. Potential clients will be able to check out the ship at theEastern Economic Forum. http://www.interfax-russia.ru/FarEast/news.asp?id=753998&sec=1671 (Russian)
11 August 2016, www.tpp-inform.ru

Japanese company prepares to build car battery plant in Primorsky Territory
A Japanese manufacturing company is ready to break ground on a car battery plant in Primorsky
Territory.
Advanced Material Japan Corporation Director and co-owner Shigeo Nakamura reports that
although the company already operates similar plants in Russia’s central regions, their market
is geographically limited. “It’s not economically feasible to ship assembled batteries to theFar East, for example”, he noted. “The company therefore intends to build not only assemblyplants, but also facilities to manufacture brand new batteries in the Russian Far East, namelyin Primorsky Territory.” http://tpp-inform.ru/region/live/primorskiy-kray/36803/ (Russian)
11 August 2016, www.vostokmedia.com

Khabarovsk ASEZ to host durable pressure pipe manufacturing facility
A new pipe manufacturing plant in Khabarovsk will fully meet current and projected demandfor polymer water, gas, sewage, and other types of piping throughout the Russian Far East. In
the past, all piping was shipped to the region from Eastern Siberia or Central Russia. http://www.
vostokmedia.com/n294888.html

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