Valdai Club

The Valdai Discussion Club took part in the business programme of the Eastern Economic Forum (EEF) for the seventh time. On September 11, at 10:00 local time (GMT+10), the Club held a session, titled “Open Far East in the World Economy: Achievements and Plans for the Future”, featuring Yury Trutnev, Deputy Prime Minister of the Russian Federation — Presidential Plenipotentiary Envoy to the Far Eastern Federal District.

The Valdai Club session at the EEF-2023 continues the Club’s flagship project dedicated to Russia’s turn to the East. During the discussion, the speakers analysed the dynamics of Russian-Asian cooperation after February 24, 2022, shared forecasts, and evaluated joint projects that are in demand amid the current situation.

The confrontation with the West is accelerating Russia’s pivot to the East. The Asia-Pacific Region (APR) has become central to Russia and replaced its former ties with Western economies. Asian countries, despite pressure from the West, retain their flexibility and have expanded trade with Russia. Asia’s pragmatism does not allow for a complete rupture of ties, as it happens in Europe, even in the face of deteriorating political relations with individual countries.