Putin woos Asian investors in Russia's Far East

VLADIVOSTOK: President Vladimir Putin sought to lure Asian investment to Russia's Far East on Thursday as the launch was announced of a huge Arctic gas project aimed at Asian markets.

The project will see the development of a gas field and the building of a liquefaction plant on the Gydan Peninsula in Russia's Arctic, with exports starting in 2023. "For the first time in human history these two oceans will become one, and a magnificent physical distribution highway will come into being," he said., overcoming the two countries' differences over a chain of Far Eastern islands.

He said India would provide a US$1 billion line of credit to promote investment in Russia's Far East.on the forum's opening day on Wednesday, touring a naval shipyard and calling each other"close" and"great" friends.

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