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Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.
As became known to “Kommersant”, Russia’s first project on “digital diamond” sale based on the blockchain technology may be launched soon. The key asset of “brillcoins” to be circulated by Diamundi Pte Ltd (Singapore) via ICO through “Voskhod” investment system will be ALROSA’s diamonds. It is available material security that made it possible to float an ICO worth $1 billion planned for January 2018.

As Aleksey Chekunkov, head of the Far East Development Fund (FEDF), informed RIA Novosti, there are plans to start trading a crypto currency secured by diamonds through “Voskhod” system in January 2018.

The state budget support promotes development of maricultures. In 2017, according to the state program on the development of the fishery complex, seaside aquaculture enterprises are planned to be subsidized up to 20 million rubles. These funds are aimed to be used for resettlement of young species, leasing and acquisition of equipment.
The Far East Development Fund (FEDF) presented a new online service for investors in aquaculture at the Eastern Economic Forum that was developed under the instructions of the Russian president Vladimir Putin in order to develop the fish-breeding industry in the region. As vice prime minister Yury Trutnev previously stated, the offshore zone of the Far Eastern fish breeding area available for aquaculture will be opened for investors, and all the sections where investors will be interested in aquaculture development will be provided to them for use within the next 3 years.
Russian President Vladimir Putin and South Korean President Moon Jae-in are holding a joint press conference following a signing ceremony in Vladivostok on Wednesday, September 6. The two leaders have held a meeting at the Third Eastern Economic Forum that is taking place in Vladivostok on September 6-7.
The Export-Import Bank of Korea together with the Far East Development Fund (FEFD) may invest up to $2 bln in projects in the Far East in the next three years. The parties expressed such intentions by signing an agreement at the Eastern Economic Forum, the press service of the fund reported.

South Korea's export credit bank and the Far East Development Fund (FEFD) could provide up to $2 billion for projects in Russia's Far East in the next three years. They have signed a contract of intent at the Eastern Economic Forum in Vladivostok.
Russia and China will establish a joint Mining Fund in Russia’s Far East before the end of 2017, CEO of the Far East Development Fund Alexei Chekunkov told Sputnik on Tuesday. The Far East Development Fund and the Chinese company Metropoly agreed in March to create two joint funds, the Mining Fund and the fund on investments in infrastructure and construction.
The CEO of the Far East Development Fund welcomes the desire of North American and European companies to invest in the region, noting that the fund does not yet have too many contacts with North American companies.

Alexey Chekunkov, CEO of Far East and Baikal Region Development Fund, says in a recently published article that Russia and China have common interests in the sphere of security, international relations, and cross-border cooperation.

Xi Jinping’s ambitious plan can speed up Russian economy’s transition to a post-industrial model.

Russia’s Far East and Baikal Region Development Fund wants to sign agreements with Chinese investors to establish two funds amounting to U.S. $1 billion each at a forum on May 14–15, Fund CEO Alexei Chekunkov told PRIME in an interview published on Friday. “We expect that it will be signed in May (at the forum). We have worked very hard, since long ago. It seems that a critical mass of will and comfort has been formed on both sides in order to launch both funds,” Chekunkov said.

Priority development area (PDA) Kamchatka will be extended for including coal project Tata. It was announced by Yuri Trutnev, Deputy Prime Minister of Russia and Presidential Envoy to the Far Eastern Federal District.

On November 16, Wang Xiangming, President of China State Construction Engineering Corporation Ltd. (CSCEC) met with Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund to discuss a potential cooperation project.

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Ilya Stupin
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