Russian government is striving to create a comfortable environment for life and business in the Far East
Our five-year work resulted in over 240 operations up and running and over 600 billion roubles of private investment attracted. I must say that our multiplier exceeds 10, which means we attract 10 roubles of private investment per one rouble from the budget. We have created 39 thousand jobs. Over the last years, our growth rate is almost twice as high as average in Russia. In 2014–2018, 33% of the country’s direct foreign investment was in the Far East. We started with 2%, and now we are at 33%. It is a growth of 16% — Yury Trutnev, Deputy Prime Minister of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District of the Russian Federation.
When we say ‘pivot East’, the most important part for us is that it is about Russia. It is the country’s development, the development of Russia’s most important region – the Far East, attracting foreign partners to the region that are the most important objectives. This pivot East is not happening for geopolitical, but for practical reasons — Timofei Bordachev, Director, Centre for Comprehensive European and International Studies, National Research University Higher School of Economics; Programme Director, The Valdai Discussion Club .
Compared to five years ago, the Far East is actively developing through the efforts of the Russian government. However, this region needs even more attention — Michael Tay, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Russian Federation (2002–2008); Founder, Director, Foundation for the Arts and Social Enterprise .