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In the matter of attracting investments, Crimea and the Far East do not compete

The Minister for the Development of the Far East, Alexander Galushko, said that the entry of the Crimea into Russia would not affect the redistribution of investment flows between the regions.

"Crimea and the Far East are very different. The categories of investors that Crimea needs and the Far East need are very different. We are sure that each of these very important regions of the country has its own niche," Galushko said in an interview with the TV channel "Russia 24".

"In my opinion, this problem does not exist," said A. Galushko, answering the question of whether Crimea will compete with the Far East in attracting investments.

He explained that when it comes to the Far East, it is, first of all, investments aimed at economic integration in the Asia-Pacific region.

"If we are talking about Crimea, then this is still not related to the APR investments, but with other completely investment priorities. With the fact that the peninsula has an obvious recreational potential, huge. And, of course, the development of Crimea is not in the context of integration into the APR ", - said A. Galushko.

"The market of the Far East is very small, but next to the Far East there is a huge, the largest market in the world. And those industries that could be localized in the Far East, first of all, are oriented, of course, for export to the APR countries," the minister said ...

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