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D. Medvedev: The Far East will remain a priority region for development
The Far East will remain a priority development region, despite the emergence of a new region, Crimea, in Russia, said Prime Minister Dmitry Medvedev at a government meeting today.
"The Far East remains a priority place for development, despite the various kinds of changes that have occurred within the country," said the head of government.
The meeting discussed a bill extending the operation of the Special Economic Zone in the Magadan Region to 2025. It provides for preferential administration of taxation, in particular, the restoration of tax preferences for the return of VAT.
"I expect that this will affect the development of the entire region, the region is complex and, given the current labor situation, and the lack of funding for past periods will create new jobs and reduce the outflow of population," Medvedev said.