New Russian “Asian Policy”: Intentions and First Results

Abstract

Issues of cooperation between the Russian and South Korean strategies of bilateral cooperation in the economic sphere is discussed. The dynamics and current state of foreign trade and investment interactions as a result of the implementation of the new northern policy of the Republic of Korea and the new Asian policy of Russia are analyzed. It is shown that economic interactions do not correspond to the declared goals and expectations at the political level, neither from the points of view of scale, nor from the standpoint of the expected structural modifications. The investment projects agreed upon in the framework of the 9 Bridges policy are considered and the probability of expanding the scope and scope of investment cooperation is assessed, groups of industry projects for investment involving foreign trade interactions are proposed. It is shown that the implementation of new development institutions and subsidizing the leveling of production costs for producers in the Far East and European regions of the Russian Federation does not in itself lead to an increase in the level of competitiveness of the regional investment market. Fixed preservation of the degree of inertia of the structure of foreign trade interactions.