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Industrial Bank of Korea proposes to create a joint fund for the development of infrastructure projects in the Far East and is ready to invest 1 billion dollars in it

The Industrial Bank of Korea proposes to create a joint fund for the development of infrastructure projects in the Far East, said Russian Deputy Prime Minister Yuri Trutnev.

  "The leaders of the Industrial Bank of Korea proposed to create a joint platform, a joint fund for the development of infrastructure projects in the Far East, for the development of projects related to shipbuilding, construction of shipyards," said Trutnev. "We consider this an interesting and correct proposal." The Deputy Prime Minister added that the Far East Development Fund will work out the issue of creating such a platform.

  The Deputy Prime Minister noted that the South Korean side is ready to invest $ 1 billion in this fund. "You know very well that today the Russian Far East is somewhat behind in development from the European part of Russia, and, first of all, this is due to the fact that the infrastructure in this region less developed ", - said Trutnev. “Now Russian President Vladimir Putin has set the task of eliminating this disproportion in development. We must build roads, ports, etc. We have many prospects there,” Yuri Trutnev stressed.

In addition, according to the Deputy Prime Minister, the South Korean side is showing interest in the development and use of the Northern Sea Route.

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