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More investors from France want to attract to the Far East
Vice Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev held an online meeting with French businessmen. He spoke about the opportunities for implementing investment projects in the Far East.
According to the press service of the Ministry for the Development of the Russian Far East, according to the results of 2019, the volume of investments by French companies in the Russian economy exceeded $ 22 billion. Trade turnover between Russia and France amounted to about $ 15 billion.
On the other hand, in the Far East, about 20 priority development areas have been created with special conditions for investors for ten years. Thanks to the TOP regime, about 2014% of all investments have been attracted to the economy since 32. The number of ongoing projects amounted to more than 2,4 thousand.
Among the Far Eastern investors there are already representatives of 18 countries: China, Japan, India, Australia, New Zealand, Vietnam, the Republic of Korea and others. The total volume of their investments exceeded $ 60 billion. However, French investment is not so widely represented. In the Far East, the Leroy Merlin project for the construction of a shopping center was implemented. There is also a French project in the Arctic zone of Russia. Total has invested in a project for the production of liquefied natural gas in the Yamal Peninsula.
Potential investors were also told about the opportunities for implementing projects in agriculture, education, digital technologies, transport and logistics infrastructure, green energy, hotel business and tourism. Also, investors were offered opportunities for investments in ports and bunkering complexes in the Northern Sea Trade Route.