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VEB.RF will become the main development institution of the Far Eastern Federal District

VEB.RF will become the main development institution of the Far Eastern Federal District
Photo: pixabay.com

The head of the RF Ministry for the Development of the Russian Far East, Alexei Chekunkov, said that VEB.RF will become the main institution for the development of the Far East. He added that the ministry united the development institutions of the Far Eastern Federal District in the state development corporation of Russia.

As the Interfax, Chekunkov announced this at a meeting today with members of the State Duma Committee on Regional Policy and Problems of the North and the Far East. The Minister explained that in fact what was previously called the Far East Development Fund was included in the VEB.RF group, which will significantly strengthen the work.

On the intentions of the government of the Russian Federation enlarge development institutions Far East became known at the end of last year. On behalf of Prime Minister Mikhail Mishustin, work has begun to reduce the number of development institutions, which will help reduce budgetary spending on them.

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