MONTHLY INFORMATION DIGEST

ECONOMIC DEVELOPMENT IN
THE FAR EAST
June 2019

KEY TOPICS• Mumbai Hosts Eastern
Economic Forum FieldSession• An Advanced Special• Russia Expands List ofEconomic Zone
Established in Buryatia

Countries Eligible to Receive
E-Visas for the Far East•

THE EASTERN ECONOMIC FORUM NEWS24 June 2019, Gazeta.ru

Costa Venezia Cruise Ship to Host Participants of the 5th Eastern Economic Forum
2,116 comfortable cabins of various categories are available to accommodate guests of theForum. The rooms located on 14 decks are on the par with a five-star hotel paired with the highest
standards of services. The facilities of the ship will be available for the residents of Costa Venezia
as well as all the EEF 2019 participants and guests. Several informal Forum events are to take place
on board the ship.
In total, the organizers of the 5th Eastern Economic Forum arranged for 8,500 hotel rooms
for delegates, journalists and employees of supporting organizations.
gazeta.ru/gazeta/adv/12438139.shtml
24 June 2019, TASSEEF 2019 Guests Get a Chance to Visit One of the Renovated Forts of the VladivostokFortress
The Vladivostok Fortress Museum–Reserve has prepared a plan for the Fort Pospelov
development to be implemented by September.
In November 2018, Vladimir Putin approved the establishment of a federal museum–reservein the Vladivostok Fortress. The Fortress itself is a unique system of fortifications built in the latenineteenth and early twentieth centuries.
tass.ru/v-strane/6582798

MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST
19 June 2019, Interfax

Mumbai Hosts Eastern Economic Forum Field Session
The participants of the field session discussed opportunities and prospects for Indianbusinesspeople in the Russian Far East. The field session included presentations on the investment
potential of the Russian Far East, including preferential regimes in advanced special economic zones(ASEZs) and Free Ports. Discussions were also held on collaboration in the mining industry, timber
processing, and agriculture. The plenary session and industry discussions were attended by 130
representatives of 55 Indian companies.
The results of these discussions will be used to shape the business programme of theEastern Economic Forum.
interfax-russia.ru/FarEast/news.asp?id=1039161
17 June 2019, Interfax

Yury Trutnev Invited Korean Businesspeople to the 5th Eastern Economic ForumThe Deputy Prime Minister of the Russian Federation made this announcement at a meetingwith Lee Sok-bae, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to theRussian Federation. According to Yury Trutnev, last year the Republic of Korea was represented bya delegation of more than 330 business representatives. The envoy noted that this year the Koreandelegation to EEF 2019 would be just as big.
interfax-russia.ru/FarEast/main.asp?id=1038460
8 June 2019, TASS

Agreement on Water Supply from Trans-Baikal to South Korea to be signed at EEF 2019
The Far East Investment and Export Agency arranges to enter into up to five agreementswith South Korean investors at EEF. One of the documents stipulates for the construction of a plant
for the production of drinking water, which is scheduled to begin in 2020. Investment in the projectwill amount to USD 10–15 million. The designed production capacity of the facility is 500 million litresof water per year.
tass.ru/ekonomika/6529668

STATE POLICY IN THE FAR EAST
25 June 2019, Rossiyskaya Gazeta

Residents of the Far East Eligible for a 2% Mortgage Rate
Recipients of the Far Eastern Hectare and large families of the Far Eastern Federal District
will be eligible for a preferential mortgage rate. A loan can be issued for the purchase, construction
and home renovation. According to Yury Trutnev, it is stipulated in the draft national program for thedevelopment of the Far East until 2025 and beyond.
rg.ru/2019/06/25/reg-dfo/iurij-trutnev-dalnevostochniki-smogut-poluchit-ipoteku-pod-dvaprocenta.html
20 June 2019, RIA Novosti

Russia Expands List of Countries Eligible to Receive E-Visas for the Far East
Taiwan has become the nineteenth country eligible to receive e-visas for the Far East. “Tointensify trade and economic ties, tourist and cultural-humanitarian exchanges with Taiwan, attract
additional investments in the regions of the Far Eastern Federal District, Taiwan signed the order,”the state document reads.
ria.ru/20190620/1555723645.html

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MONTHLY NEWS DIGEST

ECONOMIC DEVELOPMENT OF THE RUSSIAN FAR EAST
17 June 2019, TASSThe Construction of a Bridge to Sakhalin and Deep Sea Port Will Cost RUB 433 Billion,
said Deputy Minister for Development of the Far East and the Arctic Alexander Krutikov at the meeting ofthe Public Council under the Ministry for the Development of the Russian Far East in the Civic Chamber ofthe Russian Federation.
Building a bridge from the mainland to Sakhalin, as well as connecting it to the Japanese
Hokkaido, will enable the ports of Japan to be included in the system of Russian railroads and theNorthern Sea Route.
tass.ru/ekonomika/6557473

THE ECONOMY OF THE FAR EAST
17 June 2019, Kommersant

An Advanced Special Economic Zone Established in Buryatia
Dmitry Medvedev signed a decree on the establishment of the Buryatia ASEZ, which is tohost a poultry production unit, customs and logistics terminal. Private investors are to bring RUB 5.5
billion to the project, which is estimated to create about 900 new jobs, and generate more than RUB
2.8 billion of revenues to the budgets by 2028.
kommersant.ru/doc/4003986

NEW MECHANISMS FOR DEVELOPMENT IN THE
FAR EAST: SUCCESS STORIES
7 June 2019, Rossiyskaya Gazeta

Hilton Comes to Sakhalin
A ten-storey 23.6 thousand square meter hotel will be the largest on Sakhalin Island. It willhold 209 rooms, including elite class suits, a restaurant for 300 guests and two transformer
conference halls. The construction is to begin in July this year and end in 2022.
Private investments will finance the hotel construction in the Gorny Vozdukh ASEZ. The
project's estimated cost is USD 2 billion.
rg.ru/2019/06/07/reg-dfo/na-sahaline-poiavitsia-gostinica-seti-hilton.html

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