“Such broad representation and an interest in the development of the Russian Far East show that the economy is recovering and returning to its normal business mode. Russia is open to mutually beneficial partnership with all countries in the Asia-Pacific Region.
Russia is an inalienable part of the APR, and we will establish in our Far Eastern regions a powerful centre for attracting capital and the new economy, create a space of opportunities for citizens to implement the most daring business ideas and projects. Let me emphasise that even under the tough conditions of the pandemic and its economic impact we did not give up the implementation of the long-tern development plans for the Far East. On the contrary, we tried to speed them up.
The volume of accumulated foreign direct investment in the Russian Far East has almost doubled in the past six years, reaching $80 billion. Industrial growth in the region exceeded the national average. During the same period, industrial production in the region has shown a growth rate of around 20 percent, or twice the national rate. New special mechanisms for supporting capital investment have allowed more than 2,500 residents to register in the priority development territories and the free port of Vladivostok. Sixty-eight thousand modern jobs have been created. Global projects in aviation, shipbuilding, chemical industry, gas processing and logistics have been launched in the Far Eastern regions such as the Amur Region, the Khabarovsk Territory and the Primorye Territory.”
Vladimir Putin, President of the Russian Federation
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