Ten fishermen were plucked to safety after their vessel - Chance-101 - sank 31 miles east of Svetlaya village, in Primorye region in the Russian Far East.
Plans to develop Russky Island as 'a model advanced development area'.
Radical plans to boost the economies of Eastern Siberia and the Far East are emerging in Moscow, say news reports.
Moscow's top diplomat stresses importance of the country's Asian face.
Coldest village in the world hit by severe flooding, with one month's rainfall in a few days.
The Russian president spoke after flying over devastated settlements, and fields were crops have been destroyed.
At least three are dangerously close to population centres in Irkutsk region.
Aurora with its key hub in Vladivostok promises to make the country's Far East more accessible.
The second largest city of the Russian Far East faces nervous hours and days to see if its dikes hold back the deluge.