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LIVE UPDATES: Eastern Economic Forum's 2024 Plenary Session

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The Eastern Economic Forum began on Tuesday and will run through Friday. It is being hosted by the Far Eastern Federal University in Russia’s Pacific coast city of Vladivostok.

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LIVE UPDATES: Eastern Economic Forum's 2024 Plenary Session

05:59 GMT 05.09.2024 (Updated: 06:11 GMT 05.09.2024)

The Eastern Economic Forum began on Tuesday and will run through Friday. It is being hosted by the Far Eastern Federal University in Russia’s Pacific coast city of Vladivostok.

The Eastern Economic Forum's plenary session kicks off Thursday in the Russian Pacific port city of Vladivostok.

The high-level plenary session will be attended by Russian President Vladimir Putin, Malaysian Prime Minister Anwar Ibrahim and Chinese Vice President Han Zheng.

The main theme of this year's Eastern Economic Forum is "Far East 2030. Let's Join Forces, Creating Opportunities".

Follow Sputnik's live updates to find out more.

Table of contents

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08:59 GMT 05.09.2024

Putin Says Russia Had No Complaints Against Durov

Russia had no claims against Telegram founder Pavel Durov, Russian President Vladimir Putin said on Thursday.

"We had no complaints against him, none, but I know that many countries had complaints given that the platform is used in a certain way by some people and some structures that can cause damage to the economy or security of certain states with their activities," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

Commenting on Durov's detention, the president said that the actions of the French authorities are not very clear and are selective.

"I think that the Russian government might also have had some questions for him [Durov]," Putin added.

When asked if they met, Putin said that he had met Durov only once in Moscow many years ago, adding that the Telegram CEO talked about his business plans.

"We never maintained any contacts. Why we should meet in Baku, I do not really understand ... I did not even know he was there, I had no idea," Putin said, adding that he thought Durov lived in Moscow.

If Durov had a desire to meet, he could meet in Moscow, Putin added.

08:52 GMT 05.09.2024

Putin Says Not Called US, European Leaders for Long Time

Russian President Vladimir Putin said on Thursday that he has not has telephone contacts with the leader of the United States and some European leaders for a long time.

"We have not been on the phone with representatives of some European states and the United States for a long time, although we have not refused these contacts. They limit them, although, of course, certain information can be exchanged through various channels," Putin said.

08:37 GMT 05.09.2024

Putin on Possible Talks With Kiev: Ukraine Violates Obligations

Russian President Vladimir Putin said on Thursday, commenting on possible negotiations between Moscow and Kiev, that Russia understands who it is dealing with, noting that Ukraine easily violates its obligations.

"We understand who we are dealing with. People who do not value, who treat the interests of other countries and peoples without any respect, such people, unfortunately, exist. They easily violate all the obligations they have taken on, even the documents they have signed," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

The president called the growth of the economy and military potential of the country the main guarantor of security.

"We just need to look for such ... forms, such guarantees that would at least somehow, to some extent, work," he added.

If Ukraine has a desire to conduct negotiations, Russia has not refused, but they will be conducted on the basis of the agreements fixed in Istanbul, Putin said.

"I repeat once again, if such a desire arises, we have not refused, but [they will be held] on the basis of the agreements that were reached and recorded in Istanbul," Putin said, adding that the Ukrainian leadership does not think about its people and behaves like aliens or foreigners.

08:19 GMT 05.09.2024

Residents of Russian Border Regions Suffer From Terrorist Attacks of Ukraine - Putin

Residents of the border regions of the Russian Federation are suffering from terrorist attacks from Ukraine, first of all we need to think about them, Russian President Vladimir Putin said on Thursday.

"First of all, we must think about the people who, of course, are going through serious hardships and suffering from these terrorist attacks [from Ukraine]. The sacred duty of the armed forces is to do everything to kick the enemy out of these territories and reliably protect our citizens. The whole country, of course, should do everything to support people," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

Kiev, having launched an attack on the Kursk Region, wanted to stop Russia's offensive in the Donbas, but nothing happened, Putin said.

"The enemy's goal was to make us nervous, transfer troops from one sector to another and stop our offensive in key areas, primarily in Donbas, the liberation of which is our primary goal," Putin said.

Russia's offensive in the special operation zone is not being contained, Putin added.

08:18 GMT 05.09.2024

Russian Armed Forces Must Kick Enemy Out of Russian Territories – Putin

The Russian armed forces must push enemy troops out of the Russian territories, Russian President Vladimir Putin said.

"The armed forces' holy duty is to do everything to throw out the enemy out of those territories," Putin said.

08:11 GMT 05.09.2024

Putin: Russia Never Refused to Negotiate With Ukraine, But The West Sabotaged Potential Peace Deal in Early 2022

“We had already coordinated all the parameters of peaceful cooperation with the representative of Kiev… It was necessary to iron out some subtleties […] but then Mr Boris Johnson of the UK came and instructed Ukraine to fight until the death of the very last Ukrainian. That's what's happening now, trying to achieve strategic loss of Russia. But that's not happening,” the Russian president stated when answering questions at the plenary session of the Eastern Economic Forum (EEF).

08:03 GMT 05.09.2024

Putin: Russia Never Ditched Dollars, Had to Look for Other Options

Russia never refused to conduct financial transactions in dollars but had to use other currencies in its trade exchanges after that option was denied to it, Russian President Vladimir Putin said during the plenary session of the Eastern Economic Forum in Vladivostok.

"We are not pursuing a policy of de-dollarization. We did not, in fact, refuse to settle in dollars, we were refused settlements, and we were simply forced to look for other options," Putin said.

The president noted that the United States had denied Russia the option to use the dollar in the hope that the Russian economy would collapse.

"The US economy is powerful, good, its structure compares favorably with the others. But the volume of People's Republic of China's economy is larger, the US is in the second place," the president added.

08:01 GMT 05.09.2024

Russia-BRICS Partnership Developing Very Successfully - Putin

Russia's relations with its BRICS partners are developing very successfully, Russian President Vladimir Putin said on Thursday.

"As for our relations with BRICS, they are developing, developing very successfully ... Now we have expanded the circle of participants, this is a very good process: more than 30 countries today," Putin said during the plenary session of the the Eastern Economic Forum (EEF), adding that some countries are ready to join the association.

08:01 GMT 05.09.2024

Use of National Currencies in Russia-BRICS Settlements Reaches 60% - Putin

The use of national currencies in settlements between Russia and BRICS partners is approximately 65%, Russian President Vladimir Putin said on Thursday.

"We and our BRICS partners use national currencies, this is already about 65%, this is a natural process," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

The situation in the global economy is changing, countries of the Global South account for 50% of global GDP, Putin added.

07:54 GMT 05.09.2024

Putin: It is Necessary to Attract Chinese Business to Russia

It is necessary to attract Chinese business to Russia, said Russian President Vladimir Putin at a plenary session of the Eastern Economic Forum.

"Of course, we still need to take a close look at the preferences created by the Chinese authorities on their territory, including in border areas. In order to attract companies from other countries, including friendly China, to come and invest," Putin said.

06:39 GMT 05.09.2024

Putin Invites Other States to Develop Transport Routes Projects in Far East

Russia invites other countries to develop transport routes in the Far East, as there is interest in this area, Russian President Vladimir Putin said on Thursday.

"I would like to note that our partners in Eurasian integration are also interested in the development of the Murmansk transport hub. For example, colleagues from Belarus, whom I have already mentioned, are considering the prospect of developing port infrastructure and their terminals on the Kola Peninsula. Of course, we invite other countries to work on these projects. I know that there is interest in this work," Putin said during the plenary session of the Eastern Economic Forum (EEF).

06:38 GMT 05.09.2024

Launch of Projects on Bolshoy Ussuriysky Island Scheduled for 2025 – Putin

The projects on the Bolshoy Ussuriysky Island are scheduled to be launched in 2025, Russian President Vladimir Putin said on Thursday.

"This May, during a state visit to the People's Republic of China, we agreed with our Chinese colleagues to work together on this project. I am sure it will give a good, powerful impetus to the development of Khabarovsk and the entire region. I ask the government to work out all organizational and financial issues in order to start implementing this plan as early as 2025,"Putin said during the plenary session of the the Eastern Economic Forum (EEF).

06:36 GMT 05.09.2024

Russia to Improve Business Climate, Including for Foreign Investors - Putin

The Russian government will work toward improving business environment in the country and specifically in its Far Eastern regions, including for foreign investors, President Vladimir Putin said during the plenary session of the Eastern Economic Forum in Vladivostok.

"We will definitely continue going forward, [we] will be constantly improving business climate both in Russia as a whole and in the Far East, among other things we will be adopting newer [and] more effective approaches in that region for cooperating with foreign investors as well," Putin said.

"And, of course, we will expand ties between the Russian Far East and our entire country with foreign partners, friends, with states and companies that are interested in reliable, long-term, mutually beneficial cooperation and thereby continue to strengthen Russia's position in the world," Putin said.

06:28 GMT 05.09.2024

Putin Proposed Building Nuclear Power Plants in the Far East

"And I would also like the government to think about building nuclear power plants in the Russian Far East. We talked about this yesterday, and this plan should take into account both the current needs and the future needs of the economy and our citizens. And, of course, it should take the long term into account," Putin said.

06:26 GMT 05.09.2024

Russia Needs to Form Country's Energy Sovereignty - Putin

Russia needs to form the country's energy sovereignty, Russian President Vladimir Putin said on Thursday.

"We must ensure the country's energy sovereignty, form a stable base for the uninterrupted supply of the national economy of our regions, cities and towns with affordable raw materials and fuel," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

06:24 GMT 05.09.2024

Putin Calls EEF Discussion Platform for Russia, Asia-Pacific Region Development Strategy

The Eastern Economic Forum (EEF) has become a discussion platform for the development strategy of Russia and the entire Asia-Pacific region, Russian President Vladimir Putin said on Thursday.

"The Eastern Economic Forum has rightfully become a recognized platform for establishing strong business contacts and discussing strategic issues of development of the Russian Far East and the entire Asia-Pacific region," Putin said during the plenary session of the EEF.

06:11 GMT 05.09.2024

Russia Will Increase Cargo Traffic Along Northern Sea Route - Putin

Russia will continue to increase cargo traffic along the Northern Sea Route, Russian President Vladimir Putin said.

"We will continue to increase cargo traffic, including through active development of Arctic fields, redirecting cargo from the West to the East by increasing transit," Putin said.

Russian President Vladimir Putin invited other countries to develop transport routes in the Far East, adding that there is interest in this area.

06:09 GMT 05.09.2024

Putin: Further Development of Russia Largely Depends on How Far East Will Develop

The further development of Russia largely depends on how the Far East will develop, Russian President Vladimir Putin said on Thursday.

"The future of our entire country largely depends on how the Far East develops," Putin said during the plenary session of the the Eastern Economic Forum (EEF).

06:08 GMT 05.09.2024

New Deep-Water Port With Participation of Belarusian, Chinese Companies May Appear in Russian Far East - Putin

A new deep-water port may be built in the Russian Far East with the participation of Belarusian and Chinese companies, Russian President Vladimir Putin said at the plenary session of the Eastern Economic Forum.

Vladimir Putin said that the start of projects on Bolshoy Ussuriysky Island is scheduled for 2025.

06:03 GMT 05.09.2024

Major Economic Relations, Trade Routes Shift Eastward, Global South - Putin

Global business ties and trade routes are increasingly shifting to the East and the Global South, Russian President Vladimir Putin said during the plenary session at the Eastern Economic Forum in Vladivostok.

"The challenges we have been facing recently and those objective trends — and this is the most important — that are taking effect in the global economy, when main business connections, trade routes, and the overall trajectory of development are increasingly reorienting toward the East and the Global South," Putin said.

Putin said that the Eastern Economic Forum becomes a platform for discussing the development strategy of Russia and the entire Asia-Pacific region. He noted that over a thousand agreements worth over 10.5 trillion rubles were signed at the last three Eastern Economic Forum.