Prospects for attracting Chinese investments for the development of the Russian Far East

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DANIL A. BOCHKOV^а

^аMoscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation

VERONIKA A. KOTSOEVA^b
VITALY A. EPSHTEIN^b

^bRussian Presidential Academy of National Economy and Public Administration

DOI: 10.22394/2070-8378-2019-21-5-96-102

Abstract:
In connection with the sanctions imposed on the Russian Federation by the United States, Canada, the European Union, etc., the political leadership of the country proclaimed as one of the priority economic directions the so-called ‘turn to the East’, for the purpose of which there was a need for active development of the Eastern regions of the country. The article attempts to analyze Russian-Chinese economic cooperation in the Russian Far East and the role of the territories of advanced social and economic development in the further evolution of mutual trade relations. The article studies the main reasons for the intensification of investment interaction between the two countries, discusses the most significant factors contributing to the expansion of cooperation in economic issues, and highlights the mutual interests of both parties in the development of the region and further strengthening investment cooperation. The authors have collected relevant data about the most significant and breakthrough projects jointly implemented by the Russian Federation and the People’s Republic of China.

Keywords:
economic cooperation, foreign direct investment, Free port of Vladivostok, Northern Sea Route, territories of advanced development, international transport corridors, Eastern Economic Forum

Received:
August 21, 2019

References:
Epshtein V. The Cold Silk Road: Russia’s arguments. Cooperation within the framework of the initiative ‘One Belt – One Way’: Proceedings of the International Scientific Conference, Tomsk, November 27–28, 2017. Tomsk: Publishing House of Tomsk state University, 2018. P. 116–120. In Russian
Epshtein V., Bochkov D. The PRC space program and prospects for Russian-Chinese cooperation in space exploration. Russia-China: history and culture: Collection of articles and reports of participants of the X International Scientific-practical Conference. Kazan: Publishing house of Tatarstan Academy of Sciences, 2017. P. 680–688. In Russian
Fortescue S. Russia’s economic prospects in the Asia Pacific Region. Journal of Eurasian Studies. 2016. Vol. 7. P. 49–59. In English

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