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Ministry of Eastern Development was renamed by presidential decree
By order of the president, the Ministry of the East was renamed the Ministry for the Development of the Far East and the Arctic. Now it will be responsible for the formulation and implementation of state policy in the field of socio-economic development not only in the Far East, but also in the Arctic.
According to the press service of the ministry, now changes will be made to the relevant government acts that regulate the work of the department. Now it oversees two major projects in the Arctic zone - the development of one of the world's largest copper deposits, Peschanka Chukotka, and the creation of a marine transshipment complex of liquefied natural gas in the Bechevinskaya Bay of the Kamchatka Territory.
In January of this year, Prime Minister Dmitry Medvedev suggested that Vladimir Putin expand the functions of the Ministry of Eastern and Eastern Development and supplement it development competence of the Arctic. Also, the head of the cabinet proposed to introduce the post of first deputy minister, who will be directly responsible for the Arctic zone. The president supported these initiatives. Supervise the development of the Arctic in the ministry will Alexander Krutikov.