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Investments by State Companies. A Focus on Russia’s Far East
7 September 2017
11:30

In order to accelerate development in the Russian Far East, all available resources must be consolidated with this objective in mind. President of the Russian Federation Vladimir Putin issued an instruction at the first Eastern Economic Forum to make it a special priority to generate finance for the Russian Far East through the activity of state companies. These companies must coordinate their strategic and policy documents with the Ministry for the Development of the Russian Far East with the aim of prioritizing development in the macroregion. This move is aimed at synchronizing plans for the development of the Russian Far East enacted by state programmes and in the policies of state companies. This will significantly increase the effectiveness of state investment in accelerating development in the Russian Far East. At the present time, Gazprom, Rosneft, Transneft, Russian Railways, RusHydro, and FGC UES are already participating in the implementation of strategic projects such as the construction of the Amur Gas Processing Plant, the Far Eastern Petrochemical Complex, and the Zvezda Shipbuilding Complex, and the modernization of the Baikal—Amur Mainline and Trans-Siberian Railway, as well as new power stations and transmission lines. Traditionally in the Russian Far East, it is state companies which have acted as the catalyst for economic processes and which enable the implementation of projects of national importance. Where and in what are state-owned companies planning to invest in the Russian Far East? What support are they counting on? With respect to investment by Russian state companies, how can a multiplier effect be achieved that will accelerate growth in the Russian Far East? How can small and medium-sized businesses in the Russian Far East become participants in the investment programmes of major state-owned companies?

Date
07.09.2017
Forum
EEF
Started at
11:30
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