EEF 2026: Transbaikal could become the world's largest copper-producing region

Transbaikal Governor Alexander Osipov participated in the discussion at the EEF 2026 titled "Eastern Financial Center: How Will Russia's New Center of Attraction for International Capital Work?" During his speech, the regional governor discussed the development of the Far East and the increase in investment.

"We have achieved very significant results: following the President's instructions, under the leadership of Yuri Petrovich Trutnev, we have launched this system. It is truly producing phenomenal results now, breaking all possible records in economic and social indicators," Osipov explained.

He added that the Ministry for the Development of the Far East is no longer acting alone: ​​it has partners from other agencies, and important decisions are being made on energy and border crossing capacity. This allows for a significant increase in investment. The Transbaikal Governor placed particular emphasis on the creation of a copper cluster based on Transbaikal's resources.

"The idea is simple: we will become one of the largest copper-producing countries, and Transbaikalia will become the world's largest region for copper production—both concentrates and primary metallic copper. This will provide the key to the production of vast quantities of copper-containing products," noted Alexander Osipov.

However, the governor emphasized, realizing this potential is only possible with accessible financial instruments and the conditions for competing with China, where the entire system of investment project support is well-established.

"We need new competencies—financial engineering, working with entire industries, not individual projects. And if this is embedded in the Eastern Financial Center, our work will become much more effective," the governor of Transbaikalia added.

Photo: Roscongress

According to the press service of the Government of Transbaikalia