MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT IN
THE FAR EASTJuly 2019

KEY TOPICS• EEF 2019

• ‘Far East Street’businessprogrammearchitecture has
been publishedexhibition to be held inVladivostok on
3–8 September•THE EASTERN ECONOMIC FORUM NEWS30 July 2019, Regnum

A filed session of the Eastern Economic Forum was held in Yakutia
Representatives of federal ministries and departments, Far Eastern regions, business
community, as well as international financial and consulting organizations took part in the event.
Participants discussed the possibilities of crediting of Far Eastern regions by development banks
and prospects of implementation of investment projects involving international financialorganizations.
The central event of the field session was ‘The Contribution of International Financial
Institutions to the Development of the Russian Far East’ panel discussion.
https://regnum.ru/news/economy/2675979.html
26 July 2019, RIA Novosti‘Far East Street’ exhibition will be held as part of EEF
The exhibition will tell about unique features of 11 Far Eastern regions, their economic
potential, tourist attractions and cultural traditions. All participating regions will present theirimplemented and promising investment projects to the guests. This year, the Republic of Buryatia
and Zabaikalsky Krai, that became part of the Far Eastern Federal District in 2018 according to theExecutive Order of the President of the Russian Federation, will participate in the event for the firsttime.
From 3 to 6 September the exhibition will be open to EEF guests and participants; on 7
September a social day is planned for multiple children families, retired people, veterans andrepresentatives of youth organizations. On 8 September, the exhibition will be open for all comers.
https://ria.ru/20190726/1556895597.html

MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST
25 July 2019, TASS

‘Healthy Life’ Area to be organized at EEF for the first time
‘Healthy Life’ Area will traditionally become a place of attraction for representatives of
medical and scientific communities at the Forum. The healthcare track discussions will touch uponsuch issues as specific aspects of healthcare delivery in remote areas, implementation of newtechnologies in healthcare, biosafety, and public healthcare programmes in the Far East.
https://tass.ru/novosti-partnerov/6700504
16 July 2019, RIA Novosti, TASS, Komsomolskaya Pravda, Forbes, Vesti.ru, Rossiyskaya Gazeta, Izvestiya,Lenta.ru

EEF 2019 business programme architecture had been publishedThe business programme of the Eastern Economic Forum 2019 consists of blocks on
accelerating economic growth, improving quality of life in the Far East, new business environmentand collaboration in Asia Pacific.
Apart from that, the programme features a number of business dialogues: Russia–China,Russia–Japan, Russia–India, Russia–ASEAN, Russia–Republic of Korea. On the EEF sidelines, theRussian-Chinese Media Forum, High-Level Russia–Singapore Intergovernmental Commission, and‘A Common Economic Space from the Atlantic to the Pacific’ Conference will be held.
8 July 2019, RTPreparations for the visit of the Indian Prime Minister to EEF were discussed in Moscow
Advisor to the President of the Russian Federation Anton Kobyakov and Ambassador of theRepublic of India to the Russian Federation Venkatesh Varma discussed the preparation for theparticipation of the Indian delegation in the 5th Eastern Economic Forum. According to Ambassador,“this year a strong delegation from India led by Prime Minister Narendra Modi will take part in theForum events.”
As part of the business programme, the business dialogue Russia–India is to be held withthe participation of leading entrepreneurs of the two countries. Also, at the EEF venue an Indian
national stand will be organized to present economic, industrial, tourist and cultural potential of thecountry. https://russian.rt.com/world/news/648252-forum-rossiya-indiya

STATE POLICY IN THE FAR EAST
19 July 2019, Forbes

Process of receiving deposits in the Arctic and in the Far East has been facilitated
The declarative principle of provision of subsurface sites for geological exploration atentrepreneurial risk has been expanded to the areas with identified prognostic solid mineral
resources of Р1 and Р2 categories in the Far East and the Arctic.
According to Deputy Minister for the Development of the Russian Far East and Arctic
Alexander Krutikov, “it is a great impetus for private investment into geological exploration and followup exploration of deposits.” It is expected that the new process will help increase such investments
by 20–30% annually.
https://www.forbes.ru/forbes-agenda/vostochnyy-ekonomicheskiy-forum-2019/380345-poluchitmestorozhdeniya-v-arktike-i-na
3 2019, TASS

2% mortage to be launched in the Far East before the end of the year
A. Kozlov announced the launch time of the preferential mortgage for residents of the Far
Eastern regions. Credits with 2% rate will be given for purchase, renovation and construction ofresidential properties for up to 20 years without initial installment. For this purpose, around 15 billion
roubles were allocated from the budget.
https://tass.ru/nedvizhimost/6624733

2MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EASTTHE ECONOMY OF THE FAR EAST
26 July 2019, Interfax

Chinese investor launched a new wood processing production in Primorye
The resident of the Free Port of Vladivostok, Runda wood processing company, launched
the production of OSB boards and plywood in Ussuriysk. The facility hosts plywood, maintenanceand transport departments, as well as a wood storage. The total worth of the project is 154.5 million
roubles.
Wasteless wood processing production is targeted at the internal market and will supply tocustomers from Primorye and other Far Eastern regions. The annual production plan is 35,000
square metres of OSB boards, formwork and plywood.
http://www.interfax-russia.ru/FarEast/news.asp?id=1050196

NEW MECHANISMS FOR DEVELOPMENT IN THE
FAR EAST: SUCCESS STORIES
4 July 2019, Interfax

Gazprom opened an R&D centre on Russky Island for implementation of offshore projects
The new centre specializes in coordination of research and development of offshore
petroleum production and natural gas liquefication. In particular, the R&D centre will do the researchas part of the construction of the third train of the Sakhalin-2 LNG plant, the medium-scale LNG plantnear Vladivostok as well as the development of the Kirinskoye and Yuzhno-Kirinskoye oil and gas
condensate fields.
Following the results of the Eastern Economic Forum 2018, Vladimir Putin tasked state
corporations to open engineering departments on the Russky Island.
https://academia.interfax.ru/ru/news/articles/3189

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