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Home :: Region Info :: Economy
ECONOMY
Scheme of Complex Development by 2020

The Sakha Republic (Yakutia) has adopted and is implementing a strategic plan of long-term social and economic development of the region — Scheme of Complex Development of Productive Forces, Transport and Power Industry of the Sakha Republic (Yakutia) by 2020, fundamental regulations of which were supported by the Russian Federation Government.

Documents on the strategic development (See Table 1)

The Sakha Republic (Yakutia) is among first Far Eastern RF subjects that has worked out a long-term development document. The scheme correlates with intra-branch strategies of development of key directions of Russian federation economy, such as RF Energy Strategy, General Scheme of RF Power Engineering Facilities Location until 2020, RF Transportation Strategy until 2020, RF Railroad Transportation Development Strategy until 2020, Program of launching an integrated system of gas production, transporting, and supply in Eastern Siberia and Far East considering the possibility of exporting gas to Chinese and other APR markets.

The scheme was approved by all federal ministries and authorities, branch committees of the State Duma and the Council of Federation at RF Federal Assembly, and synchronized with development strategies of the largest national companies: “RAI EES Rossii Unified Energy Systems”, “HydroOGK”, “Gazprom”, “RZHD Russia's Railways”, “Surgutneftegaz”, “Polyus”, “Mechel Steel Group” and others.

Present and long-term expected situation in the world's and Russian markets testifies for high demand for existing and potential raw and mineral resources of Yakutia. In this sense the Scheme provides that sub-branches within mining and fuel-energy industries will continue being the backbone of Yakutia's economy.

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Key Economy Facts

Industrial Production

Macroeconomic Index

Fitch Ratings

Main Natural Resources

Priorities of Economic Development

Tourism Development

Transportation Infrastructure

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