The first Eastern Economic Forum is to be held on September 3-5, 2015 in the city of Vladivostok in Russia's Far East. Some 1,500 international participants are expected to take part in the event aimed at attracting foreign investment to the region, where the government plans to set up several high-priority development territories.
Over 80 contracts have been signed at Eastern Economic Forum (EEF), of different scale and importance to the Russian and world economy.
Russia’s SEZs were created to develop the processing industry, high technology, new products, and transportation infrastructure.
According to a Russian official, the Chinese government has invested 6 billion rubles (around $87 million) in the projects.
Around 80 agreements worth a total of 1.3 trillion rubles (about $18.9 billion) were reached at the EEF.
The Vice Premier of the State Council of the People's Republic of China said that Chinese largest companies with total revenue of $1.7 trillion attended the Eastern Economic Forum in Vladivostok outlining $3 billion of the Chinese companies' total investment in the economy of the Russian Far East.
The two key sessions planned for final day of Eastern Economic Forum will look at the role of the Russian regions in attracting investors and the protection of the rights and interests of foreign investors in the country.
Although Russia-China trade ties have declined in dollar terms, Russia's economic ties with China are deepening as a result of Russia's structural reforms, a Chinese official told Sputnik.
A Japanese Bank has suggested that Russian and Japanese financial institutions use yen instead of US dollars.
The company is also providing technology and engineering services for the Zvezda facility in Russia’s Far East, which repairs the submarines in the country’s Pacific Fleet.
The company CEO noted the role of Russia’s geographic position and its "abundant resources," as well as governmental support in being a key gas supplier, in the Asia-Pacific region.
India and Russia may be great partners once again, the Indian company's CEO said.
According to Rosneft CEO, the total volume of cooperation with the company's Chinese partners may soon amount to $500 billion.
The Gazprom-YPF agreement defines the key principles of cooperation on hydrocarbon exploration and production in Argentina, according to the Gazprom statement.
Alexander Novak said oil deliveries to the Asia-Pacific region could increase significantly in the next five years.
The Russian President called for Kiev and Donbass to hold talks, and stressed once again that the future of Ukraine depends on the efforts of its people to resolve their differences.
Vladimir Putin stated that Europe is 'blindly' sticking to US policy in resolving the migrant crisis, which is leading to drastic consequences that Russia had warned about.
Vladimir Putin said Russia and the United States are both interested in creating an international anti-terrorism coalition, and that he has discussed the issue with Barack Obama.
The Russian president declared that infrastructure and economic development in the Far East is a top priority.
Russian President Vladimir Putin kicks off the inaugural Eastern Economic Forum (EEF) in Vladivostok.