Russian Economic Forum Wraps Up With Billions In Deals

According to the press office of Russia’s Deputy Prime Minister Yuri Trutnev, deals worth $54 billion (3.27 trillion rubles) was signed at the seventh annual Eastern Economic Forum (EEF) this week in Vladivostok, according to TASS.

“Investments totaling about 2.7 trillion rubles ($44.2 billion) were made in the macroregion (Far East) economy. A record-breaking 3.27 trillion rubles ($54 billion) worth of agreements have now been signed at the forum, creating more than 100,000 jobs, according to the press service.

The report also stated that the importance of the Far East region is rapidly increasing due to the difficulties posed by Western anti-Russian sanctions.

Russian Far East

This year, three new production facilities were launched as part of the forum.

Three new production facilities were opened in the Far East this year as part of the forum: the Komandor fish processing plant in Kamchatka, the Zabaikalsk-Manchuria grain railway terminal in Zabaikalsky Region, and a cargo-passenger car-rail ferry in Komsomolsk-on-Amur.

The EEF, which was held in the capital of the Russian Far East from September 5 to 8, attracted participants from more than 60 nations, including business representatives and government officials.