Doubt over legacy after Russia’s multi-billion dollar preparation for APEC
Nearly 700billion rubles (US$21bn) have been poured into the transformation of Vladivostok, a down-at-heel former military town in Russia’s Far East, which will host the gathering of Pacific rim leaders at the APEC Summit in September 2012. Moscow’s thinking is to showcase this eastern outpost, ignite the interest of foreign investors, build trade with Asia and stave off perceptions that the region will one day be dominated by neighbouring China. But some doubt the legacy of Vladivostok’s facelift.
MOSCOW is banking on a multi-billion ruble facelift to launch Vladivostok, a once run-down coastal city plagued by unemployment, as the future economic hub of Russia’s Far East.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.