Russia Open to Both Eastern and Western Partners – Putin

Author: us-russia
Comments: 0
Russia Open to Both Eastern and Western Partners – Putin
Published 7-09-2017, 00:07
The Russian president said the country was ready to cooperate with either Eastern or Western partners. This especially holds true for the development of the Russian Far East, which is poised to become one of the world’s leading logistical hubs.

VLADIVOSTOK (Sputnik) — Russia is willing to work together with partners from both sides of the Pacific across various spheres, Russian President Vladimir Putin said Thursday.

"We are open for deeper investment, trade and financial ties with all partners, both from the eastern and western coast of the Pacific Ocean, especially considering that investment opportunities in Russia’s Far East are truly immense," Putin said at a plenary meeting of the Eastern Economic Forum in the Russian Pacific port city of Vladivostok.

The president ordered the government to work out additional sources of financing and managerial actions for the for comprehensive development of the country's Far East.

"I ask the government to work out the necessary managerial and organizational tools, to decide on additional sources of financing of tasks in the sphere of comprehensive development of the far eastern territories," the Russian leader said at the plenary session of the Eastern Economic Forum (EEF).

Russia is counting on the arrival of new investors, along with their capital and technology, to the country’s Far East, Putin said, adding that those companies willing to explore global markets would receive Russia's full support. .

"We won’t be satisfied with what has already been achieved. We are working on [conditions to ensure] that aside from [already] launched projects, our new friends, our partners, investors would be coming to the Far East with their capital, technology, ideas. The Far East is indeed a unique combination of capabilities and competitive advantages for implementing ambitious projects. Preferential tax systems and comfortable administrative procedures are [among] those [advantages]" Putin said during a plenary meeting at the Eastern Economic Forum (EEF).

Russian authorities want to transform the country’s Far East into one of the world’s leading logistic hubs.

"To give businesses an opportunity to transport their produce quickly and cheaply between the Asia Pacific region and Europe and to other regions, we are building new transport corridors and increasing cargo volumes of ports in the Far East. We are looking in detail at construction plans for a rail bridge to Sakhalin… All of this will help turn Russia’s Far East into one of the world’s crucial logistic hubs," Putin said.

The two-day EEF kicked off Wednesday, drawing over 3,500 participants from more than 50 countries. Several world leaders are attending, including President Putin, South Korean President Moon Jae-in, and Japanese Prime Minister Shinzo Abe. Rossiya Segodnya International Information Agency is a general media partner of the forum.

 

sputniknews.com

Comments: 0
Experts' Panel
Any advice to Trump?
All those who have contributed to the Trump - Pence "Make America...
Any advice to Trump?
Top
popular in the journal
Eastern Economic Forum in...

Eastern Economic Forum in...

The Eastern Economic Forum in Russia's city of Vladivostok will launch on Tuesday a youth program, dedicated to the development of the Russian Far East.
Russia Ready to Discuss With US...

Russia Ready to Discuss With US...

Director of the Russian Foreign Ministry's Department for Nonproliferation and Arms Control Mikhail Ulyanov says that the country intends to discuss with the US the ...
California Governor: Russia\

California Governor: Russia\'s...

The governor of the US state of California commented on Moscow's decision to sue Washington over the closure of the Russian consulate in San Francisco, as well as the ...
FIFA President Calls on People of...

FIFA President Calls on People of...

FIFA President Gianni Infantino called on Saturday on people of the world to visit Russia during FIFA World Cup in 2018.
Kaspersky Lab Unlikely to Salvage...

Kaspersky Lab Unlikely to Salvage...

Russia-based software firm Kaspersky Lab, whose products have been banned from use in US government agencies over alleged links to the Russian authorities, is unlikely ...