The Russian Far East holds vast quantities of mineral deposits. To exploit these resources, incentives for both domestic and foreign investment are needed. Many steps have been taken by federal and regional governments over the past few years. Competition for investments on an international scale would necessitate further adjustments to the subsoil use legislation. The following possibilities will be discussed in an open dialogue between business and government: Lowering the barriers to foreign investment in Russian mining companies Reducing legislative obstacles to classification of strategic mineral deposits Expanding the scope of the application procedure for obtaining licences for the geological study of subsoil Increasing the powers held by regional authorities to promote subsoil use. Initiating pilot projects to attract subsoil users to the Russian Far East Introducing tax incentives for subsoil users at the regional and federal levels Developing new government mechanisms to promote geological surveying Developing the mining infrastructure in the Russian Far East Creating a trading platform for new mining companies.