MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT
OF THE RUSSIAN FAR EAST

November 2018

KEY TOPICS• EEF 2019 ProgrammeProposals are beingAccepted• Republic of Buryatia andTrans-Baikal Territory
Become Part of FEFD

• Financing of ASEZs inthe Russian Far East
Increased by 13.9 BillionRoubles

EASTERN ECONOMIC FORUM NEWS23 November 2018, News.mail.ru

EEF 2019 Programme Proposals are Being Accepted
The EEF Organizing Committee will accept applications for the 5th Eastern Economic Forum
programme until 30 April. Ideas for sessions will be proposed by the Ministry of the RussianFederation for the Development of the Russian Far East, other federal ministries, Russian Far
East development institutions, and the expert and business communities. EEF 2019 will beheld on 4–6 September in Vladivostok.
https://news.mail.ru/politics/35467331/

17 November 2018, TASS

Dmitry Medvedev Invited Asia-Pacific Business Community to EEF 2019
The Prime Minister of the Russian Federation invited companies from Asia-Pacific region,
unfamiliar with the projects in the Russian Far East, to attend the Eastern Economic Forum in2019. This invitation was made at a meeting of the Asia-Pacific Economic Cooperation CEOSummit in Papua New Guinea on 17 November 2018. During his remarks Dmitry Medvedev
notedthat the Russian Far East boasts the most comfortable environment for doing business in theFar East, comparable with the best world analogues.
https://tass.ru/ekonomika/5803704

1

MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

9 September 2018, East of Russia

Primorye’s Slavyanka Port Reconstruction Project to Be Presented at the 5th EEF
This was announced by Minister for the Development of the Russian Far East Alexander Kozlov
at a business session of the First Russia–Korea Interregional Forum on 10 November this year.
Hyundai Engineering is currently preparing the feasibility study for the reconstruction project.
https://www.eastrussia.ru/news/kompaniya-iz-yuzhnoy-korei-vzyalas-za-proekt-rekonstruktsii-porta-slavyanka-v-primore/

GOVERNMENT POLICY IN THE RUSSIANFAR EAST
29 November 2018, TASSVEB.RF to contribute to improving the quality of Vladivostok’s urban environment
VEB.RF, the State Development Corporation and the Administration of Primorye Territory
signed an agreement on the development of Vladivostok’s urban environment. The
document suggests support for transport modernization, engineering infrastructure and inother spheres. Companies from Japan are also expected to take part in the project for thecity’s development.
https://tass.ru/ekonomika/5848832
27 November 2018, RIA Novosti

Website to Accept Proposals for the National Development Programme for the Far East
to Be Launched in December
Any Russian citizen will be able to submit their proposal for the national programme at thewebsite dv2025.ru. Before the year ends, the submitted ideas will be voted on. After which,an expert discussion of the proposals will be held with the participation of specialists, publicopinion leaders, and scientists.
https://ria.ru/society/20181127/1533580398.html
21 November 2018, REGNUM

Financing of Advanced Special Economic Zones in the Russian Far East Increased by 13.9
Billion Roubles
Dmitry Medvedev signed an Order on the Allocation of Additional Funding Towards theConstruction of Energy, Transport, and Engineering Infrastructure Facilities for Investment
Projects for Residents of Six Advanced Special Economic Zones. The implementation of theseprojects is expected to create over 10,000 jobs. Funding across all levels of budgets up to2027 will amount to over 75 billion roubles.
https://regnum.ru/news/2523128.html

2MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

4 November 2018, RIA Novosti

Republic of Buryatia and Trans-Baikal Territory Become Part of FEFD
Vladimir Putin signed an executive order mandating the transfer of the two regions fromthe Siberian Federal District to the Far Eastern Federal District. The FEFD now encompasses
11 regions. All laws passed to support the development of the Russian Far East will apply
to the Republic of Buryatia and Trans-Baikal Territory by the end of the year. Moreover, theseterritories will also become home to the Far Eastern development institutions created by theGovernment of the Russian Federation.
https://ria.ru/politics/20181104/1532127699.html

THE RUSSIAN FAR EAST ECONOMY
23 November 2018, TASS

Russia and the Republic of Korea to Sign ‘Nine Bridges’ Project Implementation Plan in2019
This was announced by the Republic of Korea’s Ambassador to the Russian Federation
Woo Yoon-keun at the Korea-Russia Dialogue on Economic Cooperation Conference heldin Moscow on 23 November this year.
The cooperation project proposed by President of the Republic of Korea Moon Jae-induring EEF 2017 presupposes that Korea and Russia work together in the sectors ofshipbuilding, port development, development and use of the Northern Sea Route, the oiland natural gas sectors, railroad development, electric power, agriculture and fishing. It
is expected that strengthening cooperation between the two countries will allow themto achieve goals such as increasing bilateral trade turnover to USD 30 billion and flow oftourism to 1 million people a year by 2020.
https://tass.ru/ekonomika/5825529
8 November 2018, Rossiyskaya Gazeta

Pohang Hosts the First Russia-Korea Interregional ForumThe forum was attended by over 700 politicians, businessmen, researchers, andscientists. During the event, businessmen from nine Far Eastern regions presented theirinvestments opportunities to a Korean audience.
By the end of the forum, a joint declaration was issued, outlining the measures to betaken for the development and strengthening of ties between Russian and South Korean
regions.
https://rg.ru/2018/11/08/rossijsko-korejskij-forum-mezhregionalnogo-sotrudnichestva-proshel-v-phohane.html

3

MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EASTNEW DEVELOPMENT MECHANISMS FOR THE
RUSSIAN FAR EA ST: SUCCESS STORIES
15 November 2018, Moskovskij Komsomolets

Zvezda Shipyard Starts Serial Production of Large-tonnage Tankers
Zvezda Shipyard has started serial production of large-tonnage tankers for transporting
raw petroleum and petroleum products. The launch of the first Aframax class tanker isplanned for 2020.
Zvezda has already received orders for the construction of a total of 30 ships andstructures. In addition to building tankers, the shipyard plans to build icebreakers,
multipurpose supply vessels, arctic shuttles, and parts for offshore extraction platforms.
https://www.mk.ru/economics/2018/11/15/novaya-era-sudostroeniya-zvezda-nachala-seriynoe-proizvodstvo-tankerov-aframaks.html

The 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