Minister for the Development of the Russian Far East and Arctic Alexei Chekunkov has announced the appointment of Artyom Dovlatov as Director General of the Far East and Arctic Region Development Fund.

“The Arctic development project has moved to a higher level. The system we have established for the development of our priority regions is acquiring new powerful partners. I am delighted to announce that the post of Deputy Chairman for Arctic and Far Eastern Projects has been established at VEB.RF, our main development institution. An old friend of mine, Artyom Dovlatov, has been appointed to this post. When I was Director General of the Far East and Arctic Region Development Fund, we had approximately 80 billion rubles at our disposal, while now our partner has more than two trillion rubles,” Alexei Chekunkov said when introducing Dovlatov at the Gaidar Forum.

Artyom Dovlatov earlier held the post of First Deputy Director General at the State Transport Leasing Company (GTLK).

“The ongoing reform of the Far East and Arctic development institutions is aimed at creating a single management mechanism, enhancing development efficiency and highlighting the achievement of national goals. VEB.RF will finance our priority projects in the Far East and Arctic. The integration of the Far East and Arctic Region Development Fund into VEB.RF will help us make use of the competencies and resources needed to implement our projects in the strategic regions with huge development potential. We are ready for close and productive cooperation on the region’s development agenda with the Ministry for the Development of the Russian Far East and Arctic and the Far East and Arctic Development Corporation,” Artyom Dovlatov pointed out.

The Russian government is reforming the system of national development institutions.