❗Key takeaways from Russian President Vladimir Putin’s statements at the plenary session of the Eastern Economic Forum (EEF):

▪A unified preferential business regime will be introduced across the entire Far East and the Arctic from January 1, 2027

▪The Far East should be the territory for cooperation and dynamic change

▪Around 25 trillion rubles ($288 billion) have been invested in the Russian Far Eastern regions over the past 11 years, with the gross regional product increasing more than threefold

▪The unemployment rate in the Far East has fallen fourfold to 2.2%, the national average

▪The Far East is currently on the rise

▪Putin announced transition to the next stage of the Far East development, an updated strategy for the next 10 years

▪Current benefits for residents of the Far Eastern Priority Development Areas will be preserved after the introduction of a new unified preferential regime

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