Putin Orders Gov't To Work On Russky Island's Status As Testing Area For Advanced Projects

Rukhshan Mir (@rukhshanmir) Published September 12, 2018 | 12:55 PM

Russian President Vladimir Putin on Wednesday instructed the government to work on granting the Russky Island, located in Russia's Far East, a special status, which would allow companies to test cutting-edge technologies that had not yet been covered by legal regulations there.

VLADIVOSTOK (UrduPoint News / Sputnik - 12th September, 2018) Russian President Vladimir Putin on Wednesday instructed the government to work on granting the Russky Island, located in Russia's Far East, a special status, which would allow companies to test cutting-edge technologies that had not yet been covered by legal regulations there.

"Today, new technologies sometimes outrun old legal regulations, and the certification norms. We want to lift these barriers, to create some space of the future, the space of a dream and creativity, if you will, in the Far East. I order the government to work on a special status for the Russky Island," Putin said during a plenary session of the Eastern Economic Forum (EEF) in Vladivostok.

"This should be an environment where any research team, any group of enthusiasts might find all the conditions for launching startup companies, implementing ideas and innovative projects, testing advanced technologies the practical commercial use of which is not described by the law, including [projects] in the area of robotics, unmanned vehicles and seacraft, medicine, biotechnologies and ecology," the president added.

Putin suggested that the Far East should have a competitive edge in comparison to other Russian regions and neighboring countries.

"I am convinced that the Far East is capable of becoming and should become a powerful economic, industrial center with strong export potential. This requires entrepreneurial energy, the growth of the small and middle businesses," Putin pointed out.

The fourth edition of the EEF kicked off earlier in the day and will be held through Thursday on Russky Island.

Rossiya Segodnya International Information Agency is the general information partner of the forum.