EEF 2019: Over 270 deals worth USD 51.54 bn signed, says Russia

EEF 2019: Over 270 deals worth USD 51.54 bn signed, says Russia

Agency News

Vladivostok, Sep 6: Over 270 agreements worth over 3.4 trillion rubles ( USD 51.54 billion) have been signed at the fifth edition of the Eastern Economic Forum (EEF) in Russia's Vladivostok, authorities confirmed on Friday.

"Over 270 agreements worth 3.4 trillion rubles have been signed. The final amount of money is being specified, but it reaches around 3.4 or 3.5 trillion rubles," Russian Deputy Prime Minister and Presidential Envoy to the Far East Yury Trutnev said at the final press conference.

Meanwhile, 220 agreements, contracts, memorandums and protocols worth 3.1 trillion rubles were signed at the 2018 edition of the EEF, Sputnik said in a report.

Mr Trutnev also said that Russian President Vladimir Putin has offered to create a special venture fund in the Russian Far East for supporting start-ups and the agencies could be funded through the Far East Development Fund.

"I am sure we need a venture fund. But we need to work many things out, not only the source of investment ... but the logic of fund operation as well. We need a venture fund that will be efficient ... We'll be thinking quickly. We need this. We'll present the concept in a month," Trutnev said.

Russia's Far Eastern city of Vladivostok hosted the fifth edition of the EEF from September 4-6. Several dignitaries including Prime Minister Narendra Modi took part in the forum. (UNI)