17 November 2017

Yuri Trutnev: “Russia’s Far East gets almost 960 new investment projects”

Russian Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District made the statement at working talks he held in South Africa’s Johannesburg on 16 November, according to his official website.

Yuri Trutnev said that the new investment projects in Russia’s Far East had been launched thanks to the unparalleled investment environment created in the region using tools such as priority development areas, Free Port Vladivostok and a state infrastructure for investment project support.

“The PDAs and preference regimes used in the Far East are not linked to a specific territory – the opposite is actually true. Whenever an investor requires assistance or preferences in a specific territory, we simply expand our existing areas to create conditions for every investment project to be implemented. We are continuing to improve the regime. Competition is always there, so we cannot stop”, the official said.

The Deputy Prime Minister pointed out that Russia’s Far East takes into account the best preference systems afforded to investors by the world’s fast-growing economies. Entrepreneurs from various countries have already taken advantage of this.

“We believe companies from South Africa can join investors from China, Japan, Korea, Singapore, Malaysia and India that operate in Russia’s Far East today”, Yuri Trutnev said.

As part of his visit, the Russian official also met with representatives from South Africa’s mining and diamond-cutting industries. 

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