MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE
FAR EASTNovember 2019

KEY THEMES• Dates set for Eastern• Draft National Far East• Grain terminal in Primorye

Economic Forum 2020Development Programme
submitted to Russian
government

becomes 2,000th resident
with preferential terms in Far
East Federal District

NEWS OF THE EASTERN ECONOMIC FORUM
22 November 2019, TASS, RT, Lenta.ru, Expert, Interfax, Gazeta.ru, Komsomolskaya Pravda

Eastern Economic Forum 2020 Organizing Committee holds meeting
The Eastern Economic Forum should become a permanent platform, and events under theauspices of the EEF, including visiting sessions in the Far Eastern regions, will be held throughout
the year. The issues discussed at these events will make up the agenda of the Forum’s businessprogramme in Vladivostok. This decision was made following a meeting of the Organizing
Committee in charge of preparing for and holding the Eastern Economic Forum 2020 chaired byRussian Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury
Trutnev.
7 November 2019, RIA Novosti, TASS, Izvestia, Vesti, Komsomolskaya Pravda, Rossiyskaya GazetaDates set for EEF 2020
The 6th Eastern Economic Forum will take place on 2–5 September on the campus of Far
Eastern Federal University in Vladivostok. Adviser to the Russian President Anton Kobyakov said
the Forum has become a leading platform that aims to develop multilateral and international
cooperation.

STATE POLICY IN THE FAR EAST
29 November 2019, Komsomolskaya Pravda

Days of the Far East to be held in Moscow
Muscovites and guests of the capital will have an opportunity to learn about career
opportunities, education, business, and tourism in the Far Eastern Federal District as well as
the culture, traditions, and cuisine of the Far Eastern regions on 2–14 December. The events
to celebrate the Far East will include a youth festival, the Far Eastern Fair as well as Vostok
Fashion Day, a fashion show of contemporary designers of the Far East.
https://www.kp.ru/daily/27062.7/4129766

MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE FAR EAST
25 November 2019, RIA Novosti

State District Power Plant-2 opens in Sakhalin
The power plant was built as part of RusHydro’s investment programme for theconstruction of new energy facilities in the Far East and was implemented in accordance with adecree issued by Russian President Vladimir Putin. The first phase of the power plant will havecapacity of 120 MW, with annual output reaching 840 million kW/h, or roughly a third of the island’selectricity needs. The facility cost RUB 39 billion to build.
https://ria.ru/20191125/1561541178.html
25 November 2019, Komsomolskaya Pravda

International medical cluster in Sakhalin to open in 2020
The cluster will house branches of leading clinics from Russia, China, Japan, and SouthKorea. The medical cluster will enable people living in the Far East to receive modern high-tech
medical care without leaving Russia. In addition, the centre is expected to kick start thedevelopment of medical tourism.
https://www.kp.ru/daily/27059.7/4126598
24 November 2019, Rossiyskaya Gazeta

Federal Road Transport Agency approves design of bridge across Lena River in Yakutia
The project, which has an estimated cost of RUB 83 billion, is expected to beimplemented on a public-private partnership basis. The Yakutia authorities expect potential
investors to submit proposals for the construction of the bridge in early December.
The construction of a bridge across the Lena River in Yakutia is part of the draft national
programme for the development of the Far East. Experts estimate that the construction of thebridge will triple the volume of cargo transportation in the region. Russian President Vladimir
Putin previously instructed the Russian Government to make proposals to implement thisproject.
https://rg.ru/2019/11/24/reg-dfo/rosavtodor-odobril-proekt-mosta-cherez-reku-lena-v-iakutii.html
18 November 2019, TASS

Russian government expands list of subsidized flight routes to Far East
Russian Prime Minister Dmitry Medvedev signed a resolution to expand the list of
subsidized flight routes from the Far East and back until 2020. At present, the programme covers
152 routes, but this number will expand to 176 next year.
In addition, subsidies for air carriers will be indexed by an average of 30%. This will help
keep ticket prices for reduced-fare passengers at an affordable level. Ticket prices for suchpassengers will remain at the previous year’s level of 50% of the cost of the commercial fare for aseat in economy class.
https://tass.ru/ekonomika/7142557
5 November 2019, TASS

Draft National Far East Development Programme submitted to Russian government
The document outlines the main focuses for the region’s socioeconomic development until
2025 and onward until 2035. The draft programme was presented at the EEF 2019 and wasfinalized in accordance with instructions from Russian President Vladimir Putin.
The National Programme has three key objectives: ensure economic growth rates thatexceed the national average by 50%, improve the quality of life of Far Eastern residents to a levelthat is higher than the national average, and also stop the migration outflow of the local
population.
https://tass.ru/ekonomika/7081943

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MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE FAR EASTFAR EAST ECONOMY
8 November 2019, TASS

Grain terminal in Primorye becomes 2,000th resident with preferential terms in Far Eastern
Federal District
The number of investment projects that are being implemented using such mechanisms asadvanced special economic zones and the Free Port of Vladivostok has surpassed two thousand.
The company Primorye Offshore Grain Terminal became the two thousandth resident. Totalinvestment in the project will amount to RUB 900 million. The terminal is set to open in 2024.
The terminal will be used for the receipt, temporary storage, and shipment of wheat, rice,rye, barley, and other grain crops as well as their export to countries in the Asia-Pacific region. The
facility will have freight of 3 million tonnes per year.
https://tass.ru/ekonomika/7093388

NEW MECHANISMS FOR THE DEVELOPMENT OF
THE FAR EAST: SUCCESS STORIES
15 November 2019, Interfax

Construction completed on RUB 1.5 bln pollock fish processing plant in Primorye
The Dobroflot group of companies plans to open the plant in 2020. A coastal logistics
complex and a dry dock will be built during the second stage of the project. A total of 1,300 new
jobs will be created as part of the project. The plant was built within the Big Stone Advanced
Special Economic Zone.
http://www.interfax-russia.ru/FarEast/news.asp?id=1081876&sec=1679

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