MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT
OF THE RUSSIAN FAR EAST

September 2018

KEY TOPICS• EEF 2018 Sees theSigning of 58 Agreementswith International andForeign Companies• Record Number ofVisitors Attend ‘Far East
Street’ Exhibition• China Implements 40
Projects Worth $3 Billion
in the Russian Far East

NEWS FROM THE EASTERN ECONOMIC FORUM
28 September 2018, Izvestia

EEF 2018 Sees the Signing of 58 Agreements with International and Foreign Companies
The largest number of documents were signed with companies from China (31 agreements
worth 290.6 billion roubles), Japan (16 agreements worth 1,591.1 billion roubles), and theRepublic of Korea (9 agreements worth 9.5 billion roubles).
By the end of the forum, the 4th Eastern Economic Forum saw the signing of 220
agreements, contracts, memorandums, protocols, and road maps. Together, these documents
are worth a total of 3.185 trillion roubles. The majority of these agreements are related tothe socio-economic development of Russia’s regions, industry and construction, international
and interregional cooperation, banking, the fuel and energy complex, high technology andtelecommunications, and the extractive industries.
https://iz.ru/793757/2018-09-27/poseshchaemost-vystavki-ulitca-dalnego-vostoka-postavila-rekord

27 September 2018, Expert Magazine

Record Number of Visitors Attend ‘Far East Street’ Exhibition
Over the course of six days, the 4th Eastern Economic Forum exhibition was visitedby around 70 thousand people. All nine of the federal subjects in the Russian Far East
showcased their economic achievements, promising investment projects, and unique culturaland ethnic traditions. Kemerovo Region was a special guest of the exhibition.
http://expert.ru/2018/09/27/postavlen-rekord-poseschaemosti-vyistavki-ulitsa-dalnego-vostoka

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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

20 September 2018, Russian Business Guide

First Startup Lounge Programme Held During 4th Eastern Economic ForumThe programme’s main agenda was the development of entrepreneurship and the digital
economy in Russia. It included a series of business sessions with representatives of Russianand international investors, executives from Rusnano, VEB Innovations, the Far East HighTechnologies Fund, the Far East Development Fund, the Skolkovo Foundation, RBK, and theKhanty-Mansi Autonomous Area – Yugra Development Fund, all of whom got to know more
about projects chosen from over 100 candidates from Russia, the CIS, and Asia. Following theevent, a number of startups received investment offers.
http://www.rbgmedia.ru/post.php?id=4487

GOVERNMENT POLICY IN THE RUSSIANFAR EAST
28 September 2018, Rossiyskaya Gazeta

Russian Far East to Receive More Funds to Subsidize Passenger Flights
On 27 September, the Council of Ministers resolved to allocate additional subsidies fromthe Reserve Fund of the Government of the Russian Federation towards passenger flights
in the Russian Far East. The subsidies are expected to total 400 million roubles, 300
million of which will go towards flights within the federal district, with the remaining 100
million allocated to flights travelling from the European part of Russia to the Russian Far
East and back.
https://rg.ru/2018/09/28/reg-dfo/pravitelstvo-vydelit-dalnemu-vostoku-dopsredstva-na-aviaperevozki.html
27 September 2018, RIA Novosti

Japan to Simplify its Visa Regime for Russian Tourist Groups
During a meeting of the Russia-Singapore Business Council in Singapore, Russian Deputy
Prime Minister Maxim Akimov voiced this invitation to the Deputy Prime Minister andCoordinating Minister for Economic and Social Policies Tharman Shanmugaratnam.
The most promising avenues of cooperation between the two countries were identified
as port infrastructure, logistics, and Northern Sea Route development, agriculture, airport
modernization, and cooperation in information and digital technologies.
https://www.eastrussia.ru/news/singapuru-predlozhili-prisoedinitsya-k-realizatsii-proektov-na-dalnem- vostoke

ECONOMIC DEVELOPMENT OF THE RUSSIANFAR EAST
26 September 2018, Komsomolskaya Pravda

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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

Heads of Russia’s Largest Companies Hold a Working Meeting with Hong KongBusiness Delegation
The largest investors from China’s financial capital received in-depth information
about the leading economic trends in Russia, listened to presentations by the heads ofRussian companies, and were extended business partnership offers in areas including
the Russian Far East. The official The Better Hong Kong Foundation delegates expressed
particular interest in cooperating in the areas of business real estate, IT, logistics, scienceand education, agriculture and aquaculture, tourism, and finance.
https://www.kp.ru/daily/26887.4/3930718
21 September 2018, TASS

China Implements 40 Projects Worth $3 Billion in the Russian Far East
This was reported by Minister of Industry and Trade of the Russian Federation Denis
Manturov at a meeting of the Russia-China Trade and Economic Cooperation SubCommittee. According to Manturov, cooperation between Chinese and Russian regions isa significant part of the two countries’ $100 billion bilateral trade turnover.
https://tass.ru/ekonomika/5589029

NEW DEVELOPMENT MECHANISMS FOR THE
RUSSIAN FAR EA ST: SUCCESS STORIES
24 September 2018, TASSFirst Resident of the Free Port in Khabarovsk Territory in Timber Industry
Gavanlesprom aims to build a timber processing plant in Sovetskaya Harbour Free
Port. Approximately 70 million roubles will be invested in the project and 76 new jobs
created. The enterprise is expected to enter full operation in October 2018.
https://tass.ru/ekonomika/5596625

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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EASTThe Roscongress Foundation is a socially oriented non-financial development institution anda major organizer of international conventions, exhibition and public events.

The Roscongress Foundation was founded in 2007 with the aim of facilitating thedevelopment of Russia’s economic potential and strengthening the country’s image byorganizing international conventions, exhibitions, and public events. The Foundation
develops substantive content for such events, providing companies and organizations
with advice, information, and expert guidance, and offering comprehensive evaluation,
analysis, and coverage of the Russian and global economic agendas. It offers
administrative services and promotional support for business projects and helps toattract investment, including in the form of public-private partnerships.
Today, its annual programme includes events held from Montevideo to Vladivostok,
offering an opportunity to bring together global business leaders, experts, the media,
and government officials in one place, creating favourable conditions for dialogue
and the promotion of new ideas and projects, and assisting in the creation of social
enterprise and charity projects.
www.roscongress.org

ORGANIZER OF THE EASTERN ECONOMIC FORUM:4