The Achievements and Tasks of the Eastern Economic Forum and Korea-Russia Summit

Abstract

Following the rising significance of the Asia-Pacific region as a center of global growth, and the growing global political and economic status of the Eurasian continent since the beginning of the 21st century, Russia has actively pushed forward with its 'Eastern Policy.' By expanding its scope of cooperation with the Asia-Pacific region, Russia has aimed to build an economic bridge connecting Europe and Asia-Pacific, and attempted to secure new motives for economic growth, such as the development of Russia's Far East. In this vein, Russia formed the Eurasian Economic Union (EAEU) in 2015 with the purpose of promoting deeper economic integration in the post-Soviet region, and the Eastern Economic Forum (EEF) for accelerating the development of Eastern Siberia and attracting more investment from Asia-Pacific countries.