21 October 2022

Vladimir Putin Approves List of Instructions Following 7th Eastern Economic Forum

Russian President Vladimir Putin has approved and published a list of instructions based on the results of the 7th Eastern Economic Forum, which took place on 5–8 September 2022.

Putin instructed the Russian government to submit proposals on ways to improve the special legal regime for entrepreneurial and other activities in advanced special economic zones by 15 November 2022. The document also states that special attention should be paid to creating favourable conditions to implement projects with partners from friendly countries for the production of high value-added products and high-tech projects. The government was also instructed to amend the Strategy for the Development of the Mineral Resource Base by 31 March 2023 with special attention given to issues associated with geological exploration and the processing of scarce minerals.

The instructions indicate that special attention needs to be paid to ensuring the effective operation of transport corridors, including the Northern Sea Route, by specifically renovating the traction and rolling stock of railway transport, increasing the utilization capacity of Russian shipyards, establishing an economically substantiated tariff, preparing a strict schedule, and ensuring other competitive conditions for the transportation of cargo along the Northern Sea Route from the Far Eastern Federal District to the European part of Russia and back.

The Russian president’s instructions call for extending the Far Eastern Mortgage programme until 2030. Separate instructions were given to such organizations as Russian Railways, DOM.RF, the Agency for Strategic Initiatives, VEB.RF, RusHydro, and other companies.

In addition, the Ministry for the Development of the Russian Far East and Arctic and the executive authorities of Russia’s regions have been instructed to ensure the competitive selection of developers as part of the Far Eastern Quarter programme.

The document pays special attention to the practical tasks of a government commission responsible for improving the stability of the Russian economy amidst sanctions, in particular, municipal flagship organizations.

The Roscongress Foundation was instructed to ensure the analysis and summary of the final materials of the Eastern Economic Forum by 1 December 2022.

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The 8th Eastern Economic Forum will take place on 5–8 September 2023 on the campus of Far Eastern Federal University in Vladivostok. The events will be organized by the Roscongress Foundation. 

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