Putin and Pacific Ocean

: He said Russia largest oil firm, Rosneft, would invest 1.3 trillion roubles in projects in the region, according to Euro News. Russia Far East, which covers the extreme part of Russia between Lake Baikal in Eastern Siberia and the Pacific Ocean, has an abundance of natural resources, including forestry and fish stocks. Putin ordered his government to increase its efforts to develop the Eastern Economic Forum in the city of Vladivostok, an event he initiated. will provide to investors the best conditions to do business so the Far East of Russia can successfully compete in terms of efficiency and return on capital with leading business centres, Putin told participants at the inaugural forum. Putin was chiefly courting Chinese, Korean and Japanese investors in Vladivostok after Moscow relations with the West ebbed following the Ukraine crisis. I am confident that Asia-Pacific countries, despite the current problems, will surely remain the engine of the world economy, the most important market for goods and services, Putin said. Russia has since turned east, seeking economic, political and military cooperation. (news.financializer.com). As reported in the news.