The new Strategy for the Socio-Economic Development of the Far Eastern Federal District until 2030, with projections extending to 2036, is to create conditions for the socioeconomic growth of the macroregion on the existing resource and industrial base and system of preferences, the Government’s press service has reported.

Prime Minister Mikhail Mishustin pointed out at the strategic session on the socioeconomic development of the Far East that the implementation of the current strategy has already yielded many important results for the district, most notably accelerated growth in key economic and social sectors.

As a result, the gross regional product grew by over 25 percent, and private investment reached approximately 5.5 trillion rubles. Companies created more than 179,000 new jobs. The regulatory framework for establishing international priority development areas is also nearing completion, allowing such sites to be created as early as January 1, 2026. 

Today, the Far East has developed a robust and modern resource and industrial base that can unlock the full potential of each of its regions. This potential is not limited to industry alone; there are also good opportunities in tourism, agriculture, creative industries, and many other sectors.

Housing construction is progressing under the  presidential Far Eastern Quarter initiative. The total area of housing commissioned has increased by more than 50 percent. Subsidized Far Eastern and Arctic mortgages are also in high demand. Regions are already implementing master plans for cities and urban agglomerations.

“A comprehensive approach is required to provide citizens with modern housing, improve cities and towns, develop infrastructure, enhance transport connectivity, ensure access to high-quality healthcare, and, of course, guarantee quality education. I want to emphasize that a unique situation has emerged in this area. Over 4,000 young people from other Russian regions have come to study at universities in the Far East, a 25 percent increase compared to last year. They are attracted by opportunities to pursue higher education, acquire professional skills, and secure well-paying jobs. These opportunities have been created in the region, supported by the high-quality education system that has developed in the Far East,” Mikhail Mishustin stated.

System-wide measures have established a solid foundation, elevating all the processes to a higher level. The goal is to continue transforming the Far East into a competitive, livable macroregion with a high-tech economy and modern, well-developed infrastructure.

Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev noted that the implementation of oil, gas and rare earth metals projects by the Far Eastern mining sector depended on building new energy facilities, enhancing the level of geological exploration from 35 to 60 percent, and increasing the throughput capacity of the local transport system, including the Eastern Operating Domain and checkpoints.

“The implementation of these conditions will increase investment by 7.5 trillion rubles by 2030 and by nearly 16 trillion robles by 2036, while the contribution of the mining sector to the economy will more than double to 8.5 trillion troubles,” Trutnev stated.

He added that over the past 10 years, investment in fixed assets increased by 286 percent, or by more than 50 percent above the national average. Industrial production has grown by 168 percent (20 percent above average), manufacturing by 22.3 percent (60 percent above average), and construction by 244 percent. The regions’ incomes have increased by 110 percent over the past decade, including by 102 percent in Yakutia, 206 percent in the Trans-Baikal Territory, and 200 percent in the Magadan Region.

Minister for the Development of the Far East and the Arctic Alexei Chekunkov outlined the main goals of the new development strategy of the Far East: transitioning to the sustainable growth of population, overcoming infrastructure limitations, and increasing the share of manufacturing and high-tech industries in the economy.