Yuri Trutnev: Attracting investment creates conditions for regional growth

The efforts of the Far Eastern regions to attract investment under the current refinancing rate were discussed at a meeting of the Far Eastern Federal District Council, which was chaired by Deputy Chairman of the Government of the Russian Federation – Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev. As the Deputy Prime Minister recalled, currently over 2,900 investment projects with a total investment volume of over 10 trillion rubles are being implemented in the Far East using state support measures. Thanks to this, 5.1 trillion rubles of private investment have already been invested in the Far East economy. By 2030, this figure should be 12 trillion rubles. "By 2030, this figure should be 12 trillion rubles. This task was set by the President of the Russian Federation Vladimir Vladimirovich Putin," emphasized Yuri Trutnev. "The current refinancing rate creates difficulties for some investment projects. Investments use borrowed capital, and if this borrowed capital costs more than 20%, then a natural question arises: how to return it. But this does not mean that we will stop the process of attracting investments to the Far East, we will continue working in this direction. Another restraining factor is the lack of energy capacity. We have developed an algorithm for solving this issue with our colleagues from the Ministry of Energy, the Ministry of Economic Development, and the Ministry for the Development of the Russian Far East. And now we need to use this algorithm. I am sure that the Far East is a very rich region, which has a lot of opportunities in terms of the direction of work and in terms of logistics activities. We now have a lot of opportunities. We need to use them," Yuri Trutnev summed up.

The efforts of the Far Eastern regions to attract investment under the current refinancing rate were discussed at a meeting of the Far Eastern Federal District Council, which was chaired by Deputy Chairman of the Government of the Russian Federation – Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev.

As the Deputy Prime Minister recalled, currently over 2,900 investment projects with a total investment volume of over 10 trillion rubles are being implemented in the Far East using state support measures. Thanks to this, 5.1 trillion rubles of private investment have already been invested in the Far East economy. By 2030, this figure should be 12 trillion rubles. "By 2030, this figure should be 12 trillion rubles. This task was set by the President of the Russian Federation Vladimir Vladimirovich Putin," emphasized Yuri Trutnev.

"The current refinancing rate creates difficulties for some investment projects. Investments use borrowed capital, and if this borrowed capital costs more than 20%, then a natural question arises: how to return it. But this does not mean that we will stop the process of attracting investments to the Far East, we will continue working in this direction. Another restraining factor is the lack of energy capacity. We have developed an algorithm for solving this issue with our colleagues from the Ministry of Energy, the Ministry of Economic Development, and the Ministry for the Development of the Russian Far East. And now we need to use this algorithm. I am sure that the Far East is a very rich region, which has a lot of opportunities in terms of the direction of work and in terms of logistics activities. We now have a lot of opportunities. We need to use them," Yuri Trutnev summed up.

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