The Government of Yakutia, the region comprising half of the Far Eastern Federal District of Russia, considers a number of options to attract investments in the Republic.
In particular, Chinese partners might take part in the tinnery and oil processing projects.
“In 2015, the Republican Investment Company concluded an agreement with the Heilongjiang Main Company for Economy and Technology Development, that implies the participation of the Chinese partner in tinnery at “Tirekhtyakh Stream” tin deposit located in the Ust-Yansk region. The same company considers an opportunity to invest in “Yanolovo”. The efficiency assessment of these investments is conducted by international consultants. However, the final decision will be made by the Yakutia’s regional government,” Head of the region, Egor Borisov, told TASS on Thursday.
Mr Borisov added that there was a need to create a competitive environment in the region, in order to make deposits more attractive for investors.