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Far East to receive largest free economic zone
Far East to receive largest free economic zone
Arctic.ru: Discover how Russia implements its development goals in the Arctic and the Far East
2026-05-12T11:50
2026-05-12T11:50
2026-05-12T15:30
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far eastern federal district
arctic zone of russia
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A merger between the Arctic Zone of the Russian Federation and the Far Eastern Federal District for establishing a joint preferential regime will create the largest free economic zone in the world.Professor Alexei Fadeyev, Doctor of Economics from the Peter the Great St. Petersburg Polytechnic University believes that this approach will make it possible to standardize business regulations, to make the territory more attractive for investors and to simplify economic operations.The Far Eastern economy is growing faster than that in any other regions. In the past ten years, the gross regional product has increased more than 2.5-fold and now totals 11 trillion rubles. According to forecasts, the macro-region will be generating up to 40 percent of Russia’s entire GRP in the next ten to 15 years.The establishment of a joint preferential regime in the Arctic and the Far East will expedite the conversion of the Trans-Arctic Transport Corridor into one of Russia’s key export lines. The route will link global industrial, agricultural and energy centers and consumer markets by a shorter, safer and more economically profitable shipping lane.
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Far East to receive largest free economic zone
A merger between the Arctic Zone of the Russian Federation and the Far Eastern Federal District for establishing a joint preferential regime will create the largest free economic zone in the world.
Professor Alexei Fadeyev, Doctor of Economics from the Peter the Great St. Petersburg Polytechnic University believes that this approach will make it possible to standardize business regulations, to make the territory more attractive for investors and to simplify economic operations.
The Far Eastern economy is growing faster than that in any other regions. In the past ten years, the gross regional product has increased more than 2.5-fold and now totals 11 trillion rubles. According to forecasts, the macro-region will be generating up to 40 percent of Russia’s entire GRP in the next ten to 15 years.
The establishment of a joint preferential regime in the Arctic and the Far East will expedite the conversion of the Trans-Arctic Transport Corridor into one of Russia’s key export lines. The route will link global industrial, agricultural and energy centers and consumer markets by a shorter, safer and more economically profitable shipping lane.
