Russia’s East Compass and the shadow of Kim Jong-un

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eastern economic forum

On September 10-13, Russian Vladivostok hosted the Eastern Economic Forum -for the eighth time. This year, the international component of the EEF has come to the fore: Business in Southeast Asia is showing an active interest in any projects and is ready to participate not only in dialogue.

Main focus: new economy, trade and logistics

Politicians, businessmen and journalists from 50 countries came to Russky Island this week. According to the tradition, the Forum started on September,10 with the “Falcon Day,” during which the authorities announce the agenda of a global program for the conservation of gyrfalcon population.

The next day was devoted to the main business program of the Eastern Economic Forum started. One of its key events was a series of sessions entitled “International cooperation in a changed world.” Here Russian business discussed the peculiarities and potential of building relations with colleagues from Southeast Asia. The dialogue between the countries has taken a very serious turn in the recent years: this year, China strengthened its position in Russian market for passenger cars, cell phones and televisions. In general, the volume of trade with China alone jumped by 40% in the first half of 2023. And the total investments of this country in Russia, according to the Ministry of Economic Development, as of May, amounted to $165 billion.

Among the main goals of the Forum was to establish contacts with Eastern partners within specific projects, so the forum became a platform for a dialogue with China and Asian countries.

Much attention was paid to increasing trade turnover with Asian countries and creating favorable conditions for this, including expanding logistics routes, modernizing existing corridors for the movement of goods and creating new ones.

New old friends

Some foreign and Russian sources reported on a possible visit to Russia by North Korean leader Kim Jong-un, who was supposed to meet with V. Putin and discuss issues of cooperation in the military sphere. But the main purpose of his visit is negotiations with Vladimir Putin on arms supplies. In return, North Korea wants to receive modern technologies for the development of a nuclear submarine fleet.

However, the visit of the North Korean leader was not confirmed.

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