8 June 2018
On 7–8 May, Yury Trutnev, Deputy Prime Minster of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District, made a working visit to Seoul. During the visit, he met with Lee Nak-yon, Prime Minister of the Republic of Korea, and with Song Yong-gil, Chairman of the Presidential Committee on Northern Economic Cooperation.
The visit also included the meeting of the Intergovernmental Russia–Korea Joint Commission on Economic, Scientific and Technical Cooperation (IGC), co-chaired by Yury Trutnev and Kim Dong-yeon, Deputy Prime Minister, Minister of Strategy and Finance of the Republic of Korea.
The IGC discussed the issues of enhancing cooperation in energy and production industries, infrastructure and innovations. It was noted that the Republic of Korea is number 8 in the Russian goods turnover among the non-neighbouring countries and is second among Asian trading partners. In 2017, the trade turnover between the Russian Far East and the Republic of Korea amounted to USD 7 billion, which is 29% more than in 2016.
“We should extensively discuss the 9 Bridges initiative proposed by the leader of the Republic of Korea at the 3rd Eastern Economic Forum and analyse the situation regarding the implementation of investment projects involving Korean capital in the Russian Far East,” said Yury Trutnev.
Currently, six projects are being implemented in the Far East with the participation of investors from the Republic of Korea totally worth USD 50 million. In addition, six more projects that involve South Korean capital are being negotiated, with a total investment amount to USD 1.1 billion. In order to further attract investment ,Vladivostok hosted the Second Day of the Korean Investor in March. As Alexander Krutikov noted at the IGC meeting, two more Days are planned for 2018.
Additionally, during his visit to the Republic of Korea, Yury Trutnev held a meeting with representatives of the South Korean business community that are planning or implementing investment projects in the Russian Far East. Among the projects discussed at the meeting were the construction of a glass factory by KCC Corporation, the construction of a poultry complex by Dagro World, a production facility for medical diagnostic equipment (X-ray machines and MRI devices) by Medonica, setting up of an agricultural and bioeconomic cluster in Primorsky Krai by Arnica and LS Networks. The latter project involves, in particular, the construction of elevator complexes for the storage of maize, a starch plant and bio-factories for the production of a high-tech feed.
27 February 2024
Russia and Bahrain Look to Intensify Cultural and Humanitarian Cooperation
Advisor to the Russian President Anton Kobyakov held a meeting in Moscow with Ambassador Extraordinary and Plenipotentiary of the Kingdom of Bahrain to the Russian Federation Ahmed Al-Saati, during which the two officials discussed a wide range of issues concerning economic, cultural, and humanitarian cooperation between the two countries and reached a number of agreements.
07 March 2024
Moscow discussed promoting the potential of the Republic of Kalmykia for its development
A meeting between Anton Kobyakov, Adviser to the President of the Russian Federation, and Batu Khasikov, Head of the Republic of Kalmykia, was held in Moscow to discuss the implementation of a number of key projects and programmes designed to create a long-term basis for the structural development of the economy of the Republic of Kalmykia and the Caspian region.
19 April 2024
Preparations for EEF 2024 Underway
Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev held the first preparatory meeting for the 9th Eastern Economic Forum. Topics included in the agenda range from future technologies and the development of transport infrastructure to the modernization of energy systems.
