MONTHLY NEWS DIGEST
ECONOMIC DEVELOPMENT
OF THE RUSSIAN FAR EAST

October 2018

KEY TOPICS• Dates set for Eastern
Economic Forum 2019

• Putin confirms orders
after EEF 2018 results• 148 new companies
open in Far East

NEWS FROM THE EASTERN ECONOMIC FORUM
19 October 2018, Komsomolskaya Pravda

Dates set for Eastern Economic Forum 2019
The 5th Eastern Economic Forum will be held on 4–6 September 2019 on the Far Eastern
Federal University campus in Vladivostok. Forum dates are set in line with the schedule ofmultilateral international events.
Adviser to the President of the Russian Federation Anton Kobyakov expressed confidence
that next year’s jubilee Forum will bring together a representative group of participantsinterested in further integrating the Far East into the economy of the Asia-Pacific region.
https://www.kp.ru/daily/26897.7/3941527

12 October 2018, TASS

Vladimir Putin confirms orders following results of 4th Eastern Economic ForumThe President of Russia’s instructions mainly concern the development of breakthroughtechnologies, innovative entrepreneurship, and education in the Far East.
The Government of the Russian Federation will address, in particular, the issue of giving
Russky Island special legal status in order to create a large scientific and technologicalcentre in the Far East. This will help to establish a comfortable environment for the creationand implementation of innovative projects and the testing and pilot implementationof cutting-edge ideas, including in the fields of robotics, medicine, and biotechnology,
unmanned and maritime transport, and ecology. The issue of creating a technology parkon the island and a digital development centre for software development in the areas ofprocessing ‘big’ data and information security will also be investigated.
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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EASTPresident Putin also commissioned an educational project, to be based at the Far Eastern
Federal University, on management in the digital economy for employees of state authorities
and the business community in the Far Eastern Federal District.
https://tass.ru/ekonomika/5667418

5 October 2018, TASS

Vladimir Putin invites Indian prime minister to EEF 2019
The Russian President invited Narendra Modi, the Prime Minister of India, to be the key guest at
the 5th Eastern Economic Forum during an official visit to India on 5 October.
An Indian delegation headed by the country’s Minister of Commerce and Industry, SureshPrabhu, visited EEF 2018. The delegation also included the CEOs of major Indian companies,
who discussed the implementation of joint Russian-Indian projects in the Far East.
https://tass.ru/ekonomika/5642137

GOVERNMENT POLICY IN THE RUSSIANFAR EAST
30 October 2018, Vesti

First FEFU representative office in Japan opens
Yury Trutnev has taken part in the official opening ceremony of a representative officeof the Far Eastern Federal University at Tokai University. The new office will enable theexpansion of academic exchanges and the launch of joint educational programmes, andwill strengthen ties between Russia and Japan.
https://www.vesti.ru/doc.html?id=3077486&cid=17
25 October 2018, Interfax

Vladimir Putin orders cargo-and-passenger vessels to be built for Far East
The government of the Russian Federation should ensure that ships are built in order to set
up regular services between the Kamchatka Peninsula, the ports of Sakhalin, the MagadanRegion, Primorsky Krai, and the Kuril Islands. The Russian President issued a correspondingorder following a meeting of the Presidium of the State Council held on 10 September inVladivostok.
http://www.interfax-russia.ru/FarEast/main.asp?id=977656
18 October 2018, TASS

Construction of museum and theatre complex in Vladivostok to start before year’s end
A Mariinsky Theatre concert hall with 1,100 seats and a complex representing four leading
museums, the State Hermitage Museum, the State Tretyakov Gallery, the State RussianMuseum, and the State Museum of Oriental Art will be built as part of the project.
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ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

The complex will also include the Higher School of Music and Theatre Arts. A branch of theMoscow State Tchaikovsky Conservatory’s Central Music School and a branch of the Vaganova
Ballet Academy will be established on Russky Island. Approximately RUB 30 billion of extrabudgetary funds will be allocated for the project. Construction will be completed in mid2023.
http://www.interfax-russia.ru/FarEast/main.asp?id=977656
5 October 2018, Rambler.ru

Russian Academy of Sciences to help develop plan for promoting science in Far East
The development concept involves setting up new scientific institutes, including an Instituteof Oil, Chemistry, and Gas, an Institute of Shelf Geology of Far Eastern Seas, a Centre forNanotechnologies, a Centre for High Laser Technologies, and a number of other scientific andengineering divisions.
https://tass.ru/v-strane/5688255

THE ECONOMY OF THE FAR EAST
30 October 2018, Vostok Rossii

Japanese investor plans to open factories in Primorye region and Khabarovsk Krai
The firm Tokyo Rope International is considering the possibility of launching a numberof projects in the Far East. These include building a factory for producing innovative
strip-wound cores for power transmission lines, using a patented technology that has noanalogue the world over. The project will cost RUB 7.8 billion.
The company also plans to create a wood processing factory for the production offinished highly processed products. Expected investments will total RUB 6 billion.
https://www.eastrussia.ru/news/yaponskiy-investor-planiruet-zapustit-zavody-v-primore-i-v- khabarovskom-krae/

NEW MECHANISMS FOR DEVELOPING THE
FAR EA ST: C A SE STUDY
12 October 2018, TASS

148 new companies open in Far East
Implementation of these projects has created more than 12,500 new jobs. Total
investment was RUB 159 billion. Yury Trutnev announced this at a meeting of thesubcommittee on investment projects in the Far East.
In all, 1,375 investment projects including a total investment of RUB 3.8 trillion havebeen announced for implementation in the Advanced Special Economic Zones and theVladivostok Free Port. The opening of these enterprises will create 134,000 new jobs inthe Far East by 2025.
https://tass.ru/ekonomika/5668616
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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