The YIEFF Foundation was established in August 2015 by the Main Directorate of the Ministry of Justice of the Russian Federation for the Republic of Crimea decision with the assistance of the Council of Ministers of the Republic of Crimea and operates with the support of the Presidential Administration of the Russian Federation. Taking into account the successful experience of the YIEF 2015, and with the aim of using the accumulated knowledge and experience, coordinating program activities, working with participants and partners and maintaining a high standard of quality for the event, it was decided to create the YIEF Foundation and hold a forum on an annual basis.
The main objectives of the YIEF Foundation are to create a controlled model of continuous systematic interaction of business and government in the most relevant areas of the Republic of Crimea’s integration into the economy of the Russian Federation, to develop priority areas for the development of the region and to ensure the implementation of best practices and technologies for the successful implementation of investment projects in the Crimea. Thus, the main mission of the Foundation is to promote the full integration of Crimea into Russia, to strengthen and further development of the investment and innovation potential of the Republic.
In its activities, the YIEF Foundation also intends to support actively the implementation of state programs of the Republic of Crimea. Of particular importance is the implementation of a large-scale federal targeted program for the socio-economic development of the Republic of Crimea and the city of federal significance Sevastopol. Patronage is to provide consulting, legal, material assistance. In particular, Moscow is the patronage city of the city of Sevastopol. This allows cities to develop joint programs in such important areas as medicine, education, transport and public infrastructure. In addition, the fact of patronage of Sevastopol by the Russian capital should give more confidence for potential investors. The purpose of the YIEF Foundation is to hold regular round tables, gathering representatives of patronized regions and supervised areas to establish a sustainable dialogue and strengthen cooperation.
The YIEF Foundation works in close cooperation with the Council of Ministers of the Republic of Crimea.