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Working meeting with Vologda Region Governor Oleg Kuvshinnikov

December 1, 2015, The Kremlin, Moscow

The Governor briefed the President on plans to create a special economic zone in Vologda Region with a new added-value wood processing facility.

According to Mr Kuvshinnikov, this will be a closed-cycle facility to produce bleached pulp (1,2 million tonnes a year) both for domestic use and export. The Governor said some 5 million cubic metres of woodland has been reserved for the project, expressing confidence that after the construction of the facility the full wood processing cycle will be located in the region.

The President asked about the anticipated investment volumes, and Mr Kuvshinnikov said that private investment will amount to about 100 billion rubles.

December 1, 2015, The Kremlin, Moscow