Reassessing the Eastern Economic Forum’s role in Russia’s engagement with Asia
The decision to establish the Eastern Economic Forum in 2015 is viewed by many observers as a strategic move that finally paid off. What once looked like a long-term investment now enters a phase of tangible dividends. This perspective is echoed by Stanislav Koryakin, a political consultant, strategist, and author of the Telegram channel Meaningful Strategies.
According to Koryakin, Russia has redefined its geographic posture. The former distant hinterland is now seen as a gateway to the East. The forum functions as a hub where actors connected to this gateway can meet, and the absence of such a platform would impede direct discussions with many international counterparts. The forum’s value lies in creating a space where relationships can develop rapidly and decisively.
Koryakin explains that these relationships cannot flourish without a dedicated platform, yet the forum’s presence makes communication simpler and more concentrated. The cadence of meetings per participant is intensified, and the personal interactions between leaders tend to elevate understanding and emotional engagement with business initiatives.
He notes that Putin has used the forum to meet with key regional leaders, including the Chinese Vice President and other senior officials, in a way that strengthens trust between Russia and its partners. Such high-level encounters reinforce a pattern of engagement that extends beyond one-off discussions, building momentum for ongoing cooperation.
Koryakin concludes that the Eastern Economic Forum offers an opportunity to synchronize priorities, showcase national capabilities, and set out terms for the supply of goods or the execution of major projects. This alignment helps streamline expectations and fosters clearer commitments across borders.
Evgeny Minchenko, a political scientist and head of Minchenko Consulting, also weighs in on the forum’s influence. In discussions with media outlets, he emphasizes that the Asia-Pacific region’s role in global affairs has become nearly indisputable. He cautions that the Far East’s development becomes even more critical for Russia if energy and transport routes to Europe face disruption.
Minchenko highlights that the 2024 forum featured an extensive program focused on infrastructure changes in the Far East, particularly in transport and energy sectors. He also noted ongoing conversations about improving the region’s quality of life for residents. There is an expectation that substantial funding will be forthcoming to support these ambitions.
In recent reporting on the forum, Putin described the Far East as a leading node in Russia’s evolving economic reality. The forum’s 2024 agenda underscored a broader vision for aligning regional development with national strategic priorities, signaling continued emphasis on East-West connectivity and regional integration.