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This paper presents the authors’ feasibility analysis of international financial centers in the Priority Development Areas of Russia’s Far East. It analyzes the international experience of creating, and the types of, International Financial Centers in the geographical, legal, and national contexts with a breakdown by the services such centers provide. The authors assess the investment climate, the financial state-of-the-art, and the favorable conditions for business in Khabarovsk Krai and Primorsky Krai. The paper also analyzes the strengths and weaknesses of banking, financial law, and various kinds of business to determine which of Russia’s fareastern regions will host an international financial center as part of the Priority Development Areas. The authors have devised a set of measures to tackle the challenges that might face the International Financial Centers in Priority Development Areas.

Feasibility Analysis of International Financial Centers in the Priority Development Areas of Russia’s Far East