10, 2021 a Services Agreement with ITOCHU Corporation. The Services Agreement
envisages the provision of necessary conditions to ITOCHU Corporation for new
business in the Russian Far East.
ITOCHU Corporation is Japanese company expressing interest in participation in
business in Russian Far East, using preferences of the Advanced Special Economic
Zones (ASEZ) and Vladivostok Free Port (VFP).
JPPV LLC was established on 14 March 2018 as a joint venture company co-founded
by Japan Bank for International Cooperation, the Far East Investment and Export
Agency and the VEB.DV aiming to support Japanese companies in starting their
business in Russia and promoting projects planned to be implemented in Russian Far
East to potential Japanese investors.
The cooperation between JPPV and ITOCHU Corporation will become a practical
step forward in enhancement of activity of Japanese investors in Russian Far East
using opportunities of ASEZ and VFP and contribute to further deepening of
economic relations between Japan and Russia.