Home  Journals  National Interests: Priorities and Security  10(391) - 2020 October

The interaction of Siberian regions as part of the comprehensive investment project – The Yenisey Siberia

Received: 30 January 2020

Received in revised form: 20 February 2020

Accepted: 15 March 2020

Available online: 15 October 2020

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O12, Q01, R11

Pages: 1921–1939

https://doi.org/10.24891/ni.16.10.1921

Subject. As the Russian regions establish their socio-economic cooperation, they promote and advance their socio-economic development. Currently, the integration of three Siberian regions underlies the Yenisey Siberia, a major investment project. The integration is intended as a set of activities to explore mineral resources and allocate investment funds, involving inner reserves of the regions, thus unavoidably raising their socio-economic position.
Objectives. In the study, I examine aspects of establishing the Yenisey Siberia, a cross-regional comprehensive integration and investment project.
Methods. Research is based on methods of statistical analysis, data collection and processing.
Results. I overview key socio-economic differences of the parties to the integration project and suggest using a model for the cross-regional integration of three Siberian regions with reference to goals and objectives of the Yenisey Siberia.
Conclusions and Relevance. Natural and mineral resources of the area (Tyva, in this case) are the main driver of integration ties within an underdeveloped region, while coal mining appears to be a cornerstone for foreign trade ties. Driving the establishment of integration ties of Tyva, coal also streams fiscal revenue to the regional budget. Furthermore, the local potential is found to be insufficiently used for purposes of cross-regional and integration ties with other constituent entities of the Russian Federation.

Keywords: region, integration, investment, natural resource potential, socio-economic situation

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