MOTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF
THE FAR EASTMarch 2020

KEY TOPICS• Vladimir Putin
approved statepolicy in the Arctic• GRP growth in the Far
East higher than
average in Russia• Mechanism forselecting investment
projects in the Arctic
approved

EASTERN ECONOMIC FORUM NEWS4 March 2020, Kp.ru

Natural Gas Conference took place on Sakhalin
Yuzhno-Sakhalinsk hosted ‘Transition to natural gas a motor fuel: challenges and opportunities’, alarge economic conference in preparations for the 6th Eastern Economic Forum. The event wassupported by the Roscongress Foundation. The conference addressed challenges and opportunities
faced by the Russian transport industry in relation to transitioning to natural gas as a motor fuel.
kp.ru/daily/27100.4/4173283/
3 March 2020, TASS

Primorye State Art Gallery to exhibit gemmae and cameos from Hermitage
Besides, the Gallery is planning to open a collective display together with the State Museum of Oriental
Art. The display will present miniature paintings from the Baburnama manuscript. This piece of art isrepresentative of the Early Moghul school of Indian miniature. The Romancing with the Stone Exhibition
will take place in Primorye in summer 2020 and will be included in the cultural programme of this year’s
Eastern Economic Forum.
tass.ru/obschestvo/7884335

MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF THE FAR EASTSTATE POLICY IN THE FAR EAST
23 March 2020, TASS

Investment projects to double Magadan Region’s GRP by 2024
Investment projects that are planned to be implemented in Magadan Region by 2024 will take thegross regional product up by 40%. Preliminary estimate shows that in 2019 the Region’s GRP in 2019
went up 2.7% and reached RUB 181.2 bln. At the same time, Magadan Region’s mining industry – thekey one there – is responsible for almost two-thirds of this result.
tass.ru/ekonomika/8051897
22 March 2020, YSIA

Rural doctors and teachers income tax exempt
According to Vladimir Putin’s instruction, starting from 1 January 2020 participants of the RuralDoctor and Rural Teacher programmes that relocated to rural areas in the Far Eastern Federal District,high latitudes or the Arctic will get a higher non-recurring compensation. Now, it reached RUB 1 million.
These compensations for rural doctors and teachers will be fully income tax exempt regardless of theiramount.
ysia.ru/vyplaty-zemskim-vracham-i-uchitelyam-polnostyu-osvobozhdeny-ot-ndfl/
19 March 2020, TASS

Selection mechanism for investment projects in the Arctic approved
The Government of the Russian Federation approved the selection rules for the projects to beimplemented in Russia’s Arctic Zone. Companies will be able to obtain federal aid for building therequired infrastructure. The Resolution was signed by Mikhail Mishustin.
If their projects qualify, companies will be able to receive a subsidy of up to 20% of the announcedprivate investment in the infrastructure facilities required for the completion of those projects.
tass.ru/ekonomika/8027297
10 March 2020, Kommersant

Vladimir Putin approved Russia’s state policy in the Arctic
Vladimir Putin signed the Decree “On the fundamental principles of the Russian Federation’s statepolicy in the Arctic until 2035”. The Decree defines the state policy goals as follows: improving the qualityof life for the population of Russia’s Arctic Zone, including small-numbered peoples; accelerating
economic development of the Arctic Zone and increasing their input in the country’s economic growth;
ensuring environmental protection in the Arctic, protection of primordial living conditions and traditional
lifestyles of small-numbered peoples.
kommersant.ru/doc/4277362
10 March 2020, Rossiyskaya Gazeta

Russia’s Government allocated RUB 18.3 bln to raise healthcare professionals’ salaries
The funds will be allocated to raise healthcare professionals’ salaries through co-financing hospitals andother medical facilities. Khabarovsk Territory will get RUB 136 mln.
rg.ru/2020/03/07/pravitelstvo-vydelilo-183-mlrd-rublej-na-uvelichenie-zarplat-medikov.html
4 March 2020, DVHAB.ru

Far Eastern Hectare receivers got RUB 850 mln of aid
Roughly 2.5 thousand participants of the Far Eastern Hectare enjoyed support measures fordeveloping their land plots. The most popular support measures are the following: subsidies for livestock
farming, grants for starting a farm, Beginning Farmer grants, subsidies to support small farms,
microloans, and easy-term loans.
dvnovosti.ru/khab/2020/03/05/111403/

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MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF THE FAR EAST
4 March 2020, TASS

Primorye authorities to build social housing for public employees
A residential complex of 255 apartment will be constructed for healthcare, education, and culture
professionals, as well as multiple children families. The cost of housing will be RUB 75 thousand per sq.
metre, which is significantly lower than the average real estate prices in Vladivostok.
tass.ru/nedvizhimost/7894285

ECONOMY OF THE FAR EAST
24 March 2020, TASS

Kamchatka is 49 points up in youth policy rating over two years“Over the last two years, Kamchatka Territory is 49 points up in the federal rating. We now rank 35
in Russia and third in the Far East. For many reasons, these results were attainable due to infrastructuredevelopment in Petropavlovsk-Kamchatsky. The city now has a palace of youth and a youth centre.
These venues are never empty, not even for a day. Younger generation is active and attends federalforums. We host big events here, and all of it combined helps us perform when it comes of our efficiency
assessment,” noted Viktoria Podlesnaya, Head of Kamchatka’s Agency for Youth Affairs.
tass.ru/obschestvo/8060447
20 March 2020, YSIA

Yakutia’s Arctic areas to get three trade and logistics centres
According to Yakutia’s Ministry of Agriculture, developing a network of trade and logistics centres
will drive food prices down and resolve food storage problems.
Severny Zavoz (Northern Delivery) is delivery of food, medical supplies and fuel to remote villages
and whole areas, including Arctic ones. Those places stay disconnected from the rest of the country forseveral months every winter due to a harsh climate. Summer navigation is used to bring food, coal,petrochemicals, and other essentials to remote rural areas in Yakutia. Arctic or northern rivers of Yakutia
arenavigable
until
late
September–earlyOctober.
ysia.ru/v-arkticheskih-rajonah-yakutii-planiruyut-postroit-tri-torgovo-logisticheskih-tsentra/
17 March 2020, News.Ykt.Ru

Rosatom plans to start construction of small land based NPP in 2024
Rosatom State Corporation expects to obtain a license for a land based low-power nuclear power
plant in Yakutia and start construction works the same year. In this case, the facility may be put intooperation in 2027.
During the EEF 2019, Rosatom and Yakutia signed a cooperation agreement for constructing lowpower
NPPs.
news.ykt.ru/article/98232
16 March 2020, TASS

Russia to launch flights from Magadan to Krasnoyarsk
The authorities of Magadan Region consider launching a flight from Magadan to Krasnoyarsk. Theseplans derive from Aeroflot’s intentions to start 12 new flights from Krasnoyarsk to Simferopol, Sochi,
Ekaterinburg, Tyumen, Tomsk, Omsk, Novosibirsk, Bratsk, Irkutsk, Yakutsk, Beijing, and Sanya (China).
Krasnoyarsk airport can become a hub for transfers from Magadan.
tass.ru/ekonomika/7986631
4 March 2020, Sakha-pechat.ru

Far East’s GRP increase in 2018 exceeded Russia’s average
The Russian Federal State Statistics Service published GRP data for 2018. The numbers show that
the Far Eastern Federal District became one of the 2018 GRP leaders, second only to the Ural FederalDistrict.

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MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF THE FAR EAST
According to statistics, the following Far Eastern regions demonstrated the highest economic growthin 2018: Kamchatka Territory (7,1%), Sakhalin Region (6,9%), the Republic of Buryatia (4,7%), theRepublic of Sakha–Yakutia (3,9%), Chukotka Autonomous District (3,5%), and Magadan Region (2,9%).
sakha-pechat.ru/prirost-vrp-dalnego-vostoka-za-2018-god-p/
2 March 2020, TASS

Sakhalin authorities to compensate 100% of residents’ costs to transition their vehicles
to natural gas as motor fuelThis
transition
ispartoftheEcologyNationalProject.
“We believe this is a very promising area. Our objective is to transition half of our vehicles over the next
five years,” shared Valery Limarenko, Governor of Sakhalin Region.
tass.ru/ekonomika/7875071

NEW MECHANISMS FOR THE FARDEVELOPMENT: SUCCESS STORIES

EAST

11 March 2020, Port Amur

Far East might get modern system to diagnose and treat cancer
The Far East Investment and Export Agency is working together with the Ministry for the Developmentof the Far East and a number of Far Eastern regions to review the possibility of creating a new system todiagnose and treat cancer in the District. A nuclear medicine centre will be a public-private partnershipproject. A Far Eastern subsidy in the amount of RUB 400 mln. will be allocated after Vladimir Putin signed
a decree making Buryatia a part of the Far Eastern Federal District. The rest of the funds will be provided
by a concessionaire – Ulan-Ude Centre of Nuclear Medicine.
portamur.ru/neighbours/na-dv-mojet-poyavitsya-sovremennaya-sistema-diagnostiki-i-lecheniyaonkozabolevaniy/
10 March 2020, TASS

Modern data processing centre in Yakutsk: project to start in 2020
The centre will help digitalize industries and healthcare, as well as support small and medium
businesses. There is an agreement with Rostelecom for a Tier III data processing centre in downtown
Yakutsk. This centre will offer the same range of services available in private data processing centres.
tass.ru/nacionalnye-proekty/7932315
4 March 2020, Vostok Rossii

Remote villages in Khabarovsk Territory to use solar energy
Hevel LLC will construct self-sustainable hybrid power units as part of solar power plants in thecommunities that have diesel generators with a total annual output of over 1 mln. kWh. The Far East
Investment and Export Agency will assist the company in attracting investment and supporting export.
eastrussia.ru/news/udalennye-poselki-khabarovskogo-kraya-pereydut-na-solnechnuyu-energiyu/
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions,exhibitions, and public events.
The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s econom ic potential, promoting its
national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues
on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting
investment, and helps foster social entrepreneurship and charitable initiatives.
Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working onsite at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 2,500 people working in Russia
and abroad. In addition, it works in close cooperation with 122 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, andbusiness associations from 69 countries worldwide.

roscongress.org
ORGANIZER OF THE EAST ECONOMIC FORUM

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