Yury Trutnev: 637 projects worth 2.11 trillion rubles devised for Russia’s Far East (photo)
“Overall, 637 projects worth 2.11 trillion rubles have been devised for Russia’s Far East”, Kremlin cites Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev as saying at the meeting with Vladimir Putin.
“As of today, 35 new enterprises were built (I have photos with me and can show them later). This number will reach 85 by the end of the year”, he said.
According to Yury Trutnev, “private investment in Russia’s Far East is expected to exceed 115 billion rubles, and 5,500 jobs will be created”. “We currently have a multiplier effect of 10, which means that we are able to raise 10 rubles from private funds for every ruble invested by the state”, he added.
Yury Trutnev emphasized that special attention is paid to high-technology projects. “Today these projects account for 19 percent of the total investment. We understand that this is not much. To remedy the situation, along with Far East Development Fund, RUSNANO and the Russian Venture Company, we are about to create an investment vehicle for attracting and developing new technology in Russia’s Far East”, explained the official.
Vladimir Putin and Yury Trutnev also discussed the under keel quota programme. “The under keel fishing quota programme is up and running, and we are monitoring it. Regular meetings are held with the Government on this issue. All in all, the process has been launched”, commented the Envoy.
He also said that “15 federal laws have been adopted on the development of Russia’s Far East. These laws relate to creating priority development areas, a free port, the introduction of tariffs, simplifying visa requirements, implementing the under keel fishing quota programme, and a number of other laws, as well as 67 Government resolutions”.