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$25 billion invested in Russian Far East over past two years — Deputy PM says

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$25 billion invested in Russian Far East over past two years — Deputy PM says

$25 billion of investment have been attracted over the past two years in the Russian Far East, 30% of them account for foreign investors, Deputy Prime Minister of Russia, Yuri Trutnev, said on Tuesday in Hanoi at a round table with representatives of Vietnamese businesses interested in working with Russia.

“Unprecedented conditions of economic development of the territory, such as priority development territories, free port of Vladivostok, state targeted support for investment projects, preferential financing by the Development Fund of the Far East, have been created in the Russian Far East. This allowed to raise $25 billion investment for two years, and, taking into account major projects in gas processing and petrochemical industries, which are considered by the government, this amount will total $60 billion”, — the press office of the Far East Development Ministry quotes Yury Trutnev.

The Vice PM said that a total of 500 investment projects have been launched in the Far East within the framework of new measures for the development.

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