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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.

17 april 2017
The Expert magazine

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.

18 march 2017
«Полуостров Камчатка»

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.

RD Interview: Alexei Chekunkov, general director of the Far East and Baikal Region Development Fund, sheds light on the challenges and opportunities ahead for investors in Russia’s Far East.

On November 16, 2016, Vice Chairman Xu Fushun met with Mr. Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund, Russia (FEDF).

05 october 2016
Russia Beyond the Headlines

In the new Russia Direct report, top experts explain why Russia needs to retool its approach to reinvigorating its Far East. They also give advice to potential foreign investors in the region.

25 september 2016
Nikkei Asian Review

CEO Alexei Chekunkov's remarks suggest that joint Russo-Japan development in the area could be desirable in moving toward a resolution over the dispute.


The Far East Development Fund will consider the opportunity of granting a loan totalling to 7 billion roubles to the Kolmar Coal Mining Company, which is implementing a project to increase coal production at the Chulmakanskoye and Denisovskoye fields and expand the current capacities of the Inaglinskiy Coal Complex in the territory of the Republic of Sakha (Yakutia).

27 august 2016
Russia Beyond the Headlines
In the near future, Russia’s Far East will have its own stock exchange, which is designed, among other things, to attract venture capital from Asian countries. In an interview with RBTH, Alexei Chekunkov, the head of the state-initiated Far East Development Fund, spoke about the prospects for potential investors in the region.

Russia’s Far East Development Fund and China National Gold Group Corporation are discussing plans to create a joint investment fund to finance gold mining in eastern Russia, the head of the Russian fund said Friday.

MOSCOW (Sputnik) — Chinese investors have injected more than $1.9 billion in Russian Far East development projects, a source at the Russian Far East Development Ministry told Sputnik.

The Far East Development Fund will finance three projects worth 50.3 bln rubles ($761.4 mln) and investments of the Fund proper will be 4.7 bln rubles ($71.1 mln), Deputy Prime Minister and presidential plenipotentiary in the Far Easter Federal District Yuri Trutnev said on Tuesday.
The three-day event is designed as a platform for dialogue between international investors, the Russian government and countries of the Asia-Pacific Region.
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Ilya Stupin
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