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Putin arrives in Chita to discuss regional socio-economic development and business development

Earlier, Russian Minister for the Development of the Far East Viktor Ishayev said that it is planned to allocate 12 trillion roubles for the development of the Far East

CHITA, July 16 (Itar-Tass) - Russian President Vladimir Putin arrived in the city of Chita on Tuesday to chair a government meeting on the socio-economic situation and entrepreneurial development of the TransBaikal Territory.

Participants in the meeting will include presidential aide Yuri Trutnev, presidential envoy in the Siberian federal district Viktor Tolokonsky, Minister of Regional Development Igor Slyunyayev, Minister of Economic Development Alexei Ulyukayev, ministers of energy, of transport, of natural resources, ministers from the TransBaikal territorial government, and representatives from the local business community.

Earlier, Russian Minister for the Development of the Far East Viktor Ishayev said that it is planned to allocate 12 trillion roubles from the state budget and from private sources to finance the state program for the development of the Far East and TransBaikal Territory till the year 2025. The program was adopted by the Russian government in April 2013 but it did not specify the amount of financing.

During his trip to the region, Putin will visit the 247th testing pad of the Eastern military district Tsugol to watch the final phase of the large-scale military drills of the Central and Eastern military districts.

Putin arrived in Chita from Yuzhno-Sakhalinsk, where he chaired a meeting on the socio-economic development of the Sakhalin region and issues of taxation in the energy sector.

While in Yuzhno-Sakhalinsk, the Russian president had a video conference with CEO of Russia’s oil major Rosneft, Igor Sechin, who was at the Orlan platform at the moment. The latter reported to the president about the results of the activities on the East Siberian and Far Eastern Arctic shelf. President of ExxonMobil Development Company Neil Duffin also took part in the video conference. Duffin told the president about his company’s plans with Rosneft, which include the construction of facilities for joint projects similar to the Orlan platform. He thanked Putin for the creation of a favourable tax regime for the implementation of projects to develop hard-to-recover oil reserves.

Earlier on Tuesday, Putin attended military exercises in the Eastern military district. The head of state reached the Uspenovsky testing ground by helicopter. After a report by the commander of the military district’s troops, Konstantin Sidenko, Putin climbed the watch tower to watch the drills. After the drills, the president, Minister of Defence Sergei Shoigu and the commander of the military district made an observation flight of the exercise area by helicopter.

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