Korean Exim bank set to dominate Eastern Economic Forum

Aerial view of VladivostokAround $70bn worth of contracts and MoUs covering 200 projects – many involving South Korea – are set to be signed at the inaugural Eastern Economic Forum that opens in Vladivostok on September 3, Russia’s Minister for the Development of the Russian Far East Alexander Galushka told a press conference last week.
Among the 70 agreements lined up for ratification are 20 in the power sector, six in agriculture, and four in oil and gas, a large number of which will involve Russian enterprises, South Korea’s Ministry of Industry, Trade and Energy and the Export-Import Bank of Korea.Exim bank logo 2
The Russian gas processing and petrochemicals company SIBUR and Gazprom are also expected to announce an investment of RUB800bn to develop a gas field in the Amur Region. 1,500 foreign delegates, many from Japan, Singapore, China, South Korea and Malaysia are due to descend on Vladivostok for the forum.

Source: rbth