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At least two hundred agreements for $26.05 bln expected at EEF

September 01, 2016, 16:29 UTC+3 VLADIVOSTOK

According to Russia’s Far East Development Minister Alexander Galushka, the final investment figure may reach $26.05 billions

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© Kirill Kukhmar/TASS Host Photo Agency

VLADIVOSTOK, September 1. /TASS/. More than two hunded agreements for 1.7 trillion rubles ($26.05 bln) might be signed during the Eastern Economic Forum (EEF 2016), Russia’s Far East Development Minister Alexander Galushka said on Thursday.

"In total, currently 210 agreements expected to be signed in the framework of the forum. The final investment figure increased to more than 1.7 trillion rubles ($26.05 bln)," he said.

The II Eastern Economic Forum will be held on September 2-3 on the campus of Russia’s Federal Far-Eastern University on the Isle of Russky off the coast of Vladivostok. Its organizers expect the arrival of no less than 2,400 participants, in particular delegations from China, Japan, South Korea, India, Vientnam, Australia, the US, Singapore and other countries.

For the first time the EEF was held in September last year, it was concluded more than 80 large investment contracts worth more than 1.3 trillion rubles ($20 bln).

This year the forum will be attended by Russian President Vladimir Putin, Japanese Prime Minister Shinzo Abe and South Korean President Park Geun-hye. The Minister for Development of the Far East Alexander Galushka said earlier, 111 projects with a total investment of 2.2 trillion rubles ($34 bln) will be presented at the forum this year. It is also planned that more than 130 investment agreements in the amount of almost 1 trillion rubles ($15 bln) will be signed, but this sum may increase.

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