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TASS — Putin reveals why Russia’s future lies in the Far East and Arctic

Summary:
Both the Far East and the Arctic Region not only have key resources, but also access to rapidly developing regions of the globe, Russian President Vladimir Putin said at the plenary session of the Eastern Economic Forum (EEF)."As far as we are concerned, the Far East and the Arctic are definitely the most important regions for Russia’s future. Not only do they have resources there, but it also offers access to areas of the world proactively developing and at a very good pace. We actually started building up the Far East not due to any sort of special military operation in Donbass, this was done long before that. It is a strategic choice based on the global economy’s development trends, and, accordingly, the emergence of new centers of power in the world," the president said. According to

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Both the Far East and the Arctic Region not only have key resources, but also access to rapidly developing regions of the globe, Russian President Vladimir Putin said at the plenary session of the Eastern Economic Forum (EEF).

"As far as we are concerned, the Far East and the Arctic are definitely the most important regions for Russia’s future. Not only do they have resources there, but it also offers access to areas of the world proactively developing and at a very good pace. We actually started building up the Far East not due to any sort of special military operation in Donbass, this was done long before that. It is a strategic choice based on the global economy’s development trends, and, accordingly, the emergence of new centers of power in the world," the president said. According to Putin, you have to "keep up with the trends" and work to develop contacts with other regions of the world.…

The large gains over this century will come from developing areas — Asia, especially including Central and Southeast Asia (Indonesia), Africa, and Latin America. This is a reflection of growing multipolarity (decolonizataion).

TASS (Russian state media)
Putin reveals why Russia’s future lies in the Far East and Arctic

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Sputnik International (Russian state-sponsored media)
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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