Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Vladivostok, January 5 (Xinhua) — China ranks first among foreign investors in terms of investment in projects implemented using preferential regimes in the Russian Far East. Russian Minister for the Development of the Far East and Arctic Alexey Chekunkov recently stated this in an interview with Xinhua.
Speaking about the advantages of the Russian Far East for Chinese investors compared to other parts of the country, A. Chekunkov outlined the fundamental factors. "The main advantage is the unique geographic proximity, as well as the comprehensive partnership and strategic interaction between our countries, aimed, among other things, at implementing projects in the agro-industrial complex, advanced resource processing, transportation, and logistics," he explained.
The head of the Ministry for the Development of the Russian Far East pointed out that the Far East also has a unique system of preferential regimes, unprecedented tax and administrative benefits, support through the Far East and Arctic Development Corporation, and reliable legal guarantees. These include, in particular, a 15-year stabilization clause provided for in the international advanced development territories (IATA).
Speaking about the success of attracting foreign investment in the region, A. Chekunkov clarified that, using the mechanisms of priority development areas (PDAs), the Free Port of Vladivostok, and the Russian Arctic Zone, more than 100 projects with foreign capital are being implemented in the Far East, attracting 1.2 trillion rubles (approximately $15.3 billion) in investment. Actual investment totaled 854 billion rubles. Thirty-six projects have been commissioned, with the primary sectors receiving foreign capital being petrochemicals, mining, agriculture, logistics, and construction.
According to the minister, one of the largest projects is the construction of the Amur Gas Chemical Complex. The first line of one of the anchor residents of the Amurskaya Priority Development Area is scheduled to launch in August 2026, with full capacity expected in January 2028. The Chinese company Legendagro Primorye is also successfully developing agricultural projects. Legendagro Logistics, a resident of the Free Port of Vladivostok, operates a logistics business, including road and rail transportation and stevedoring operations in the ports of Primorsky Krai. Total investment in this group of companies' projects has exceeded 4 billion rubles.
Speaking about the future development of the Far East, A. Chekunkov noted that, at the direction of Russian President Vladimir Putin, a unified preferential regime is being created in the Far East and the Arctic. It will consolidate all existing support mechanisms, allowing investors to implement projects under uniform rules and further simplifying government-business interactions. The unified preferential regime is planned to be introduced in 2027.
Regarding potential cooperation between Russia and China in the use of drones and intelligent technologies in the Far East and the Arctic, the Xinhua source indicated that the Russian side is open to mutually beneficial cooperation with Chinese and other partners in high-tech production. The possibility of implementing projects for the production of machinery and equipment for the mining industry and agriculture using the MTOR mechanism is currently being considered.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.
