OPEC extends agreement on oil production cutBusiness & Economy May 25, 17:16
Russia, China sign memorandum on cooperation in AntarcticaBusiness & Economy May 25, 17:15
Russian diplomat calls Kerry’s advice to learn Russian ‘strange’Russian Politics & Diplomacy May 25, 17:11
Russian State Duma committee upholds Nebenzya’s appointment as UN permanent representativeRussian Politics & Diplomacy May 25, 16:56
Putin calls talks with Chinese foreign minister important step ahead of Xi Jinping’s visitRussian Politics & Diplomacy May 25, 16:43
Russian diplomat says West continues to ‘turn a blind eye’ to chemical incidents in SyriaRussian Politics & Diplomacy May 25, 16:35
Diplomat blasts CNN’s media blitz against Russia's US envoyRussian Politics & Diplomacy May 25, 16:19
Russian diplomat warns about possible escalation of violence in SyriaRussian Politics & Diplomacy May 25, 15:42
OPEC welcomes its new memberBusiness & Economy May 25, 15:40
SEOUL, December 9. /TASS/. The Industrial Bank of Korea has proposed setting up a joint fund to help promulgate infrastructure projects in Russia’s Far East, Deputy Prime Minister Yury Trutnev said on Tuesday at a Russian-South Korean business forum underway in Seoul.
“Executives of the Industrial Bank of Korea have come up with a proposal to set up a platform, a joint fund for infrastructure projects in the Far East — the projects linked to shipbuilding and construction of shipyards,” he said. “We think this is a correct and interesting proposal.”
Trutnev added to it that Russia’s own Fund for Development of the Far East would mull the prospects for a platform of this kind. He mentioned the Koreans’ readiness to invest $1 billion in that fund.
“You know perfectly well the Russian Far East is somewhat behind the European regions of the country and this stems in a big measure from the underdeveloped infrastructure there,” Trutnev said.
“President Putin has given us a task to eliminate this disproportion and to start building roads, seaport and so on,” he said. “We have many prospects in that sphere.”
Also, the South Korean side is showing interest in using the Northern Sea Route, which makes it possible to cut down the haulage time between regional countries and Europe.