VLADIVOSTOK, Russia - Once a mysterious closed city during Soviet times, Vladivostok is ready to strut in the world spotlight as host of the Asia-Pacific Economic Cooperation summit.
Russia has splashed out $20 billion preparing for the summit in Vladivostok, its largest but long-neglected Pacific port, as part of a grand plan to become a bigger player in Asian markets.
Much of what was built seems intended to impress the heads of state and business executives visiting for this week's meetings. After arriving at a new international airport, they will be whisked into the city on a new highway and then across the world's longest cable-stayed bridge to Russky Island.
Here they will be welcomed Friday by President Vladimir Putin, who aims to turn Russia east and tap into growing Asian economies.
Source: http://news.yahoo.com/hosting-asia-pacific-summit-russia-bets-billions-future-053109533.html
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