MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT OF
THE FAR EAST
September 2019

KEY TOPICS•• The exhibition "Street of•the Far East" wasvisited by 48 thousandpeople

EASTERN ECONOMIC FORUM NEWS
September 23, 2019, Gazeta.ru

Vladimir Putin approved a list of instructions based on the results of the WEF-2019
The President of the Russian Federation instructed to submit proposals on creating a medical
cluster in the Far East, as well as proposals on attracting investors to the development of ecologicaltourism. In addition, Vladimir Putin instructed the Government to amend the legislation to provide forsubsidizing interest rates of up to two percent per annum on mortgages for young families in the Far
Eastern Federal District. Separate assignments relate to such areas as education, healthcare, culture,
as well as the development of regional air flights.
https://www.kp.ru/daily/27026/4090328
September 18, 2019, Rossiyskaya Gazeta

Primorye signed 32 agreements on the implementation of investment projects
at the WEF
The contracts concluded envisage the implementation of major infrastructure projects,
including the construction and modernization of two thermal power plants, as well as the constructionof the Vladivostok Ring Road.
The agreement with the holding company "Helicopters of Russia" pref olagaet
modernization of the airline "Progress", which will allow for the construction of modern helicoptersfor the organization vnutrikraevyh air transportation and air ambulance.
https://rg.ru/2019/09/18/reg-dfo/primorskij-kraj-zakliuchil-32-soglasheniia-v-ramkah-vef.html
September 9, 2019, Komsomolskaya Pravda

The exhibition "Street of the Far East" was visited by 48 thousand people
More than 40 thousand people visited the “Street of the Far East” in the last two days, whenthe exhibition was open to all comers. Including guests were 3 thousand people from such social
categories as large families, pensioners, veterans and representatives of youth organizations .
Visitors to the exhibition, which took place as part of the WEF, could get acquainted with theunique features, economic potential, tourist opportunities and cultural traditions of the regions ofthe Far Eastern Federal District.
https://www.kp.ru/daily/27026/4090328

MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EASTSTATE POLICY IN THE FAR EAST
September 26, 2019, Interfax

Regions of the Far East will additionally receive 1 billion rulers for social development
Economic growth centers in three subjects of the Far Eastern Federal District in 2019–2020
will receive funding from the federal budget for the development of social and engineering
infrastructure. Support will be provided to the Republic of Buryatia, the Trans-Baikal Territory andthe Amur Region. In particular, the funds will be directed to the modernization of healthcare,culture, and sports facilities, as well as the purchase of medical equipment.
http://www.interfax-russia.ru/FarEast/main.asp?id=1068226
September 18, 2019, Interfax

A representative office of the Far East Agency for attracting investment and export
support will open in China
The corresponding agreement was signed on the sidelines of the regular meeting of the heads ofthe governments of the Russian Federation and China. It is assumed that the representative office will
provide the Chinese business community with information on investment opportunities in the Far East,and provide advice for the development of trade, economic and investment cooperation.
http://www.interfax-russia.ru/FarEast/special.asp?sec=1749&id=1065700
September 17, 2019, TASSFar Eastern Venture Fund will be formed in early 2020
At a meeting with representatives of the Far East public on the sidelines of the WEF, Vladimir Putinannounced that the Far Eastern Federal District venture fund would be formed at the expense of the
Far East Development Fund . At the first stage, up to 1.5 billion rubles will be allocated. The task of theventure capital fund will be the implementation of seed investments, as well as the provision of grants
for the implementation of promising startups.
https://tass.ru/ekonomika/6892718

ECONOMY OF THE FAR EAST
September 17, 2019, TASS

China State Development Bank to finance $ 1.7 billion methanol production in Nakhodka
The State Development Bank of China and VEB.RF agreed on a strategic partnership in
financing the construction of a natural gas processing plant. The corresponding agreement wassigned as part of a regular meeting of the heads of government of the Russian Federation and China.
https://tass.ru/ekonomika/6895409
September 16, 2019, TASSThe Development Corporation of the Far East for five years signed an agreement on 3.2
trillion rudders
The corporation has entered into 1819 agreements with residents of preferential regimes in theFar East, said A.Kanukoev, CEO of the corporation. Currently, 20 territories of priority development
have been opened in the Far Eastern Federal District; the regime of the Free Port of Vladivostok isalso in effect , which is extended to five entities.
https://tass.ru/ekonomika/6890347

2

MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST

NEW MECHANISMS FOR THE DEVELOPMENT OFTHE FAR EAST: SUCCESS STORIES
September 30, 2019, Rossiyskaya Gazeta

The new terminal for domestic flights at Khabarovsk Airport will begin operations in October
Vladimir Putin. The total investment is 4.9 billion rubles. The capacity of the airport
complex will be up to 3 million passengers per year. The new terminal was built using thepreferential regime of the TOP “Khabarovsk”.
https://rg.ru/2019/09/30/reg-dfo/terminal-vnutrennih-avialinij-aeroporta-habarovska-zarabotaet-voktiabre.html
September 10, 2019, Interfax

Zvezda Shipyard Concludes Contracts for the Construction of 39 Ships
The shipbuilding complex is being created in the Primorsky Territory by a consortium of investors
led by the Rosneft Corporation. The head of the company, I. Sechin, noted that the order for theconstruction of 28 vessels was made by Rosneft itself. It is expected that 15 gas carriers for theArctic LNG 2 project can also be built at the company's facilities.
Zvezda will produce large- tonnage vessels, ice-class vessels and other types of marine
equipment.
http://www.interfax-russia.ru/FarEast/main.asp?id=1063443

3