Development of the Far East is a Strategic Priority for Russia in the 21st Century: Putin

The development of the Far East is a strategic priority for Russia in the 21st century, stated Russian President Vladimir Putin at the plenary session of the Eastern Economic Forum.

“The Far Eastern Federal District accounts for 40% of the territory of the Russian Federation. Here lies almost half of our forests and gold reserves, over 70% of fish and diamonds, and over 30% of titanium, copper, and more. Critical strategic enterprises, seaports, and railroads are in operation. The rapid development of the Far Eastern region is our absolute priority for the entire 21st century,” he said.

The President also added that the dynamics of investments in the Far East are three times faster than the national average.