Yuri Trutnev: New investment projects are helping the Far East and Russia become stronger

In Ulan-Ude, Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yuri Trutnev held a meeting on the progress of new investment projects in the Republic of Buryatia.

"We must pay attention to how investment projects are progressing. Our experience in the Far East clearly demonstrates that attracting investment is the primary path to regional development. Buryatia has a good starting point. Its natural diversity, rich mineral reserves, and unique Lake Baikal create a host of additional opportunities for attracting investment. With federal support, 23 investment projects are being implemented here with a planned investment volume of over 314 billion rubles, of which over 150 billion rubles have already been invested. However, much work remains to be done," Yuri Trutnev opened the meeting.

Projects in tourism, agriculture, and industry were presented at the meeting.

In the “Buryatia” ASEZ, 21 residents are implementing investment projects under agreements with the Far East and Arctic Development Corporation, with a total investment volume of 52.8 billion rubles, creating 2,200 jobs. Residents have already invested 14.2 billion rubles in the region's economy, creating 1,100 jobs. Five investment projects in various sectors have been launched.

"We traditionally hold meetings with investors during all our trips. It is the will of investors, their desire to build new projects, that builds the economy of the Far East and the country. By implementing new investment projects and creating new economic capacity, we help Russia become stronger. It's important for us to understand what's working, where there are delays, and why. The projects we discussed today will be implemented. I don't see any obstacles to this. I am confident they will contribute to the overall strength of the Far East and Russian economies," Yuri Trutnev concluded.

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