Opening the event, Andrey Sharafutdinov noted that the Far East and the Arctic occupy more than half of the country's territory, containing strategic reserves of virtually all of Russia's mineral resources: 81% of gas, 56% of gold, 72% of copper, and 97% of diamonds. He explained that the FEDC administers a number of preferential regimes for business: ASEZ, FPV, AZRF, KIRF, and SAR. A new regime is being created – the IATA. According to him, 18 of the ASEZs are designed for large-scale projects, while the FPV covers 22 municipalities in the Primorsky, Kamchatsky, Khabarovsky, Sakhalin Regions and the Chukotka Autonomous District and is focused on small and micro businesses. The IATAs are being created to implement large-scale joint projects with partners from friendly countries and will attract major foreign investors.