Invest in Russia — invest in Russian regions!
All analytics

Economic Development of the Russian Far East

Analytical digest
23 November 2018
Экономическое развитие Дальнего Востока
Source
Release date
10/05/2018
Open PDF

Following the results of the 4th Eastern Economic Forum, Vladimir Putin confirmed his earlier orders. The President of Russia’s instructions mainly concern the development of breakthrough technologies, innovative entrepreneurship, and education in the Far East. Also, dates for Eastern Economic Forum 2019 are set now. The 5th Eastern Economic Forum will be held on September 4–6, 2019 on the Far Eastern Federal University campus in Vladivostok.

In late October 2018, the first representative office of the Far Eastern Federal University was opened in Japan.

Following a meeting of the Presidium of the State Council held on September 10 in Vladivostok, President Vladimir Putin ordered cargo-and-passenger vessels to be built for the 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 Magadan Region, Primorsky Krai, and the Kuril Islands.

The Russian Academy of Sciences will help develop a plan for promoting science in the Far East. The development concept involves setting up new scientific institutes, including an Institute of Oil, Chemistry, and Gas, an Institute of Shelf Geology of Far Eastern Seas, a Centre for Nanotechnologies, a Centre for High Laser Technologies, and a number of other scientific and engineering divisions.

148 new companies have been opened in the Far East. Implementation of these projects has created more than 12,500 new jobs. Total investment was RUB 159 billion. In all, 1,375 investment projects with a total investment of RUB 3.8 trillion have been announced for implementation in the Advanced Special Economic Zones and the Vladivostok Free Port.

A Japanese investor Tokyo Rope International is considering the possibility of launching a number of projects in the Far East. These include building a factory for producing innovative strip-wound cores for power transmission lines and a wood processing factory.

For these and other news relating to the economy of the Russian Far East, see the October issue of Roscongress’s Economic Development of the Russian Far East news digest.

Anlytics on the topic

All analytics
Expert opinion
6 September 2018
Russians can feel for themselves how life is changing for the better

Japanese Minister of Economy, Trade, and Industry Hiroshige Sekō is the man directly responsible for developing economic relations between Japan and Russia. As a frequent visitor to our country, he shares his views on the prospects for economic cooperation with the Russian Far East, and on Japan’s priorities in the region.

Articles
29 August 2019
Extreme Far East

What types of active tourism are ripe for development in the Russian Far East?

Research
14 August 2020
Middle East and Central Asia. Bulletin "Prospects of regional economy development"

International Monetary Fund experts present a study on the impact of the COVID-19 pandemic on the Middle East and Central Asia region. The material addresses such aspects as internal economic activity in the region, ensuring the strength of health care systems, creating and maintaining social protection systems, and others.

Analytical digest
11 June 2020
Event Passport of the Region: Sverdlovsk region

Ekaterinburg — the administrative center of the Sverdlovsk region — is an industrial, metallurgical, mining, transport and cultural center located between Europe and Asia. It is difficult to find another place in the world in which so many precious stones are concentrated. Ural gems are not just minerals, but a miracle of nature, glorified in fairy tales.