Q. With reference to Eastern Economic Forum, consider the following statements.
1. It is a joint initiative of Russia and European Union.
2. It takes place each year in Vladivostok, a city in Russia.
Which of the statements given above is/are correct?
Recently, the Prime Minister of India (PM) addressed the plenary session of the 6th Eastern Economic Forum (EEF) via video-conferencing.
About the Eastern Economic Forum
The Eastern Economic Forum was established by decree of the President of Russia in 2015. (Statement 1 is incorrect) Its aim is to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region. The summit takes place each year in Vladivostok, a city in Russia. (Statement 2 is correct)