Officials will be fired for blocking progress, warns deputy premier Yuri Trutnev.
Minister of Energy Alexander Novak is proposing to slash the mineral extraction tax on new developments for quarter of a century.
Deputy premier Dmitry Rogozin looks to Asia as China confirms $5 billion boost for Russian Far East.
Customs procedures and rules on foreigners staying in duty-free region will be relaxed in move that will bolster the economy and boost trade from 2016.
Focus placed on the Far East of Russia, with duty-free zone, tax incentives, and lower costs for ships.
Key move to revive Far Eastern economy and compete with Macau and Busan.
Memorandum of understanding will see construction of major projects including new refinery and upgrade to port.