Eastern Economic Forum took place in Vladivostok

September 3-5, 2015
Russia's first ever Eastern Economic Forum (EEF) in Vladivostok welcomed more thank 4 000 guests from all over the world. during its schedule 3 working days sessions from September 3-5-th. The Forum is unique in its scale and the level of expertise of its participants as a platform for constructive dialog between representatives of the international investment community, business, and the governments of both Russia and the countries of the Asia-Pacific Region (APR). Due to objectives of EEF include:
  • to improve relations between the international investment community, Russian business, and Federal and local governments;
  • a comprehensive expert assessment of the economic potential of East Russia, as well as the improvement of the competitiveness and investment attractiveness of the region, both at the Russian and international level;
  • the presentation of new conditions for investments and doing business by means of exclusive procedures created for East Russia – the Territory of Priority Development and the Free Port of Vladivostok
  • main discussions of the Forum have been focused on the mentions topics.

Upon the arrival in Vladivostok on September 3, 2015, the President of Russia Vladimir Putin informed that he plans to participate in the Eastern Economic Forum and meet with oil and gas industry representatives and also with China's Vice Premier Wang Yang who is taking part in Forum events.

On September 4, Vladimir Putin gave a speech in the Forum and participants noted that the current situation in the Russian economy and the Far East region's investment attractiveness were the main subjects of the President's address. Right after that Vladimir Putin met with oil and gas sector workers on the sidelines of EEF. In his remarks the President noted in particular that the oil and gas sector is one of the Russian economy's key economic sectors, and Russia is one of the world's leading producers of oil and gas and petroleum products, and one of the biggest energy resource exporters. Mr Putin said he hopes that Russia's oil and gas companies will continue to become more effective and competitive and reach new heights.

At the Forum a package of documents was signed, which include a cooperation agreement between RusHydro and VTB Bank, a package of agreements between Rosneft and ONGC on the Indian corporation's entry into the Vankor project, and a memorandum between Sollers and Mazda on an investment project to build and develop car and car engine production in the Far East.
Agreements were also signed on an investment project to build the Amur gas processing plant, projects to develop coal fields on Sakhalin and the Bering Coal Basin, construction of a floating nuclear power station in the town of Pevek in Chukotka Autonomous Area, and construction of a plant to produce bitumen and petroleum products in the Khabarovsk priority development zone and also with the Thai company Sutech Engineering on construction of the sugar plant in Khabarovsk's port.
On September 4, Vladimir Putin answered Russian journalists' questions on current issues, in particular, the Russian economy's development outlook, oil prices, Russia's social policy, the situation in Ukraine, Europe's response to the flood of refugees from the Middle East and North Africa, and the fight against terrorism. Vladimir Putin had a brief meeting with Vice Premier of the People's Republic of China State Council Wang Yang, who represented China at the Eastern Economic Forum in Vladivostok.

Mr. Putin and Mr. Wang exchanged views on ways to implement planned joined projects in the Far East. The President said he is sure that Russia's Chinese partners will show great interest in the Far East region's economic potential.

On September 3 – 5, the Forum will be attended by four thousand guests, including more than a thousand participants from 24 countries of the world with the largest delegations arriving from China, Japan, Korea, Singapore and Malaysia. The event was covered by 700 accredited journalists from leading Russian and international media outlets. More than 80 agreements worth nearly 1.3 trillion rubles have already been signed at the Forum.
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