Japanese Project Promotion Vehicle in the Far East (JPPV LLC) signed on February
14, 2022 a Services Agreement with Megatech Corporation. The Services Agreement
envisages the provision of necessary conditions to Megatech Corporation for new
business in the Russian Far East.
Megatech Corporation is Japanese company expressing interest in implementation of
the project relating to silica processing in the 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 Russian-Japanese venture
company co-founded by Japan Bank for International Cooperation, Far East
Investment and Export Agency and 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 LLC and Megatech 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.