Deputy premier Dmitry Rogozin looks to Asia as China confirms $5 billion boost for Russian Far East.
Warnings of worse rain for the rest of the week came on Wednesday as evacuation of 30 settlements was planned by the authorities.
'Turn to the East', which started a year ago, is gaining popularity
The navigator, who served in the Navy of Peter the Great, gave his name to the Bering Strait, the Bering Sea, Bering Island, Bering Glacier and Bering Bridge.
The massive property boost for the republic's capital Ulan-Ude was unveiled ahead of the major Baikal Forum of Economics in the city.
Focus placed on the Far East of Russia, with duty-free zone, tax incentives, and lower costs for ships.
Dmitry Medvedev promises economic and military development of territory disputed since the end of World War Two.
Historic $307 million road link across the Amur River - known in China as the Heilongjiang River - will open in April 2020.