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Russia Hosts 7th Eastern Economic Forum

Current Affairs

  • Russia hosted the seventh Eastern Economic Forum (EEF) Vladivostok from September 5 to 8. The four-day forum is a platform for entrepreneurs to expand their businesses into Russia’s Far East (RFE).
  • EEF was established in the year 2015 to encourage foreign investment in RFE.
  • The EEF displays the economic potential, suitable business conditions and investment opportunities in the region.
  • Agreements signed at the EEF increased from 217 in 2017 to 380 agreements in 2021, worth 3.6 trillion roubles.
  • The agreements focus on infrastructure, transportation projects, mineral excavations, construction, industry and agriculture.
  • China, South Korea, Japan and India are the Key Players in the region, where China is the biggest investor.

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