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Russia endeavors at regional economy and people

By Min Chol

Russia is making endeavours to develop regional economies and improve residents’ living standards.

Russian Prime Minister Mikhail Mishustin
M. Mishustin
Shortly ago, the Russian Prime Minister stressed the need to help regions experiencing economic difficulties in the face of COVID-19 spreading throughout the world. Referring to the government’s decision to support underdeveloped regions with their 2020-2024 development plans, he said it would take all necessary measures to assist local residents and provide them with jobs.

It is particularly important for these regions to find out new economic indices with growth potentials and this is the major target of the development plans, he added.

At present the government spares no investment in construction as it set it as a major sector for boosting regional economies and stabilizing and improving the residents’ life.

President Vladimir Putin said in a consultative meeting on the development of the construction sector that it is a driving force behind the revitalization of the economy.

The government is pressing on with a large-scale infrastructure construction programme which involves projects for expanding the traffic capacity of the Baikal-Amur trunk line and trans-Siberian railway, modernizing airports in Khabarovsk, Norilsk, Chelyabinsk and Perm and building modern harbours in the Russian Far East.

It has also buckled down to regional community projects involving construction and repair according to the social development programme for economic growth centre.

In the Far East alone, 2 283 construction projects are underway backed by the government. It is said that 300 buildings have already been constructed and additional 200 renovated.

Construction projects are also going on in Buryatia and Trans-Baikal region, which were integrated into the Far East Federal District.

Buryatia carries on renovation projects including three hospitals, a midwifery clinic, a dozen fitness centres and sports fields and 70 other facilities.

Trans-Baikal plans to undertake more than a hundred renovation projects including 40 midwifery clinics, two schools, three kindergartens and eight cultural facilities.

The government’s effort to spur regional growth is not confined to construction.

In accordance with the “Far Eastern hectare” programme, nearly 80 000 residents have been given land and become able to start agricultural activities.

In Khabarovsk Territory, five complexes producing meat and milk are reportedly to start operation.

(Pyongyang Times - May 1, 2020)

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