It is becoming more and more important for Russia to be engaged in Asia Pacific affairs. Objectively, the most important part of the region for Russia is Northeast Asia. This sub-region is a place where economic interdependence between NEA "troika" – China, Japan and South Korea – is growing. Rising economic interaction within "troika" and between "troika"and ASEAN grouping will definitely determine further economic (and may be later on political) integration of Pacific Asia (which is stretched from areas of Pacific Russia in the North to New Zealand in the South). China, Japan and South Korea are the most important economic partners for Russia not only in Pacific Asia but in the whole Asia Pacific region. That is why Russia would like to join at some stage in future the process of growing economic interdependence within NEA "troika". The long-standing issue of a great significance for Russia is a future ofPacific Russia (the Russian Far East), its social and economic development and security position in the neighboring region. The fact that Pacific Russia’s future depends to a great extent on its involvement in NEA regional economy is becoming more and more obvious and getting more and more acknowledgement at various levels of Russia’s bureaucracy. Challenges for regional security are also mainly concentrated in Northeast Asia. Among them are a situation on the Korean Peninsula and relations between majorplayers in Pacific Asia: Russia, China, Japan and the USA. In addition to comprehensive relations with China, Japan and South Korea Russia needs a dialogue with the United States on a new subject –Transpacific security. It is particularly so as Washington has recently declared the US will shift a focus of its strategy towards Pacific Basin area with its new accents, military forces relocation, promoting the idea of Trans-Pacific partnership, etc. Yet the main obstacle for such dialogue having a start is that the United States does not see Russia as a partner to discuss broad issues of Trans-Pacific security. Anyway, Russia has been applied recently additional efforts to present it as potential significant actor in Pacific Asia affairs. The Russian government has initiated recently various programs to invest in improvement of infrastructure in country’s eastern regions. The main idea of the Federal government efforts is to combine the funds coming from the federal budget with encouraging foreign investment into Pacific Russia’s economy. Currently Russia is trying to use APEC summit in Vladivostok (September, 2012) to promote its interests in the APR and to introduce Primorsky Krai as Russia’s window of opportunity for foreign investment – not only in Primorsky Krai, but in much wider region, which is stretched to Western borders of Krasnoyarsky Krai – half way between Vladivostok and Moscow. Russia is also trying to strengthen political umbrella for its engagement with Pacific Asia region through participation in multilateral forums –from APEC to East Asia Summit (EAS). This complicated and quite challenging picture will require from the Russian authorities to pursue a comprehensive policy both towards economic development of the Pacific Russia and its economic interaction with neighbors in the region and towards Russia’s presence and a role in the Pacific Asia. Yet Russia continues to occupy low profile in North East Asia, despite new efforts made by the Russian government to move a part of the country’s economy towards its vast by territory and potential resources and almost inhabitant Eastern part. NEA is also still rather small point on the radar of the Russian foreign policy, except for Russia’s relations with China. The administration of the new-old president Vladimir Putin will face a lot of challenges in its domestic and foreign policies. It is fully applied to formulating Russia’s Pacific policy and immediate measures to boost socio-economic development of the Pacific Russia. In the core of the Russia’s Pacific policy is a fate of Pacific Russia, its economic security and its place in Pacific Asia as to a great extent it will determine Russia’s place and the role in the region. Federal government has a strong desire and intention to secure the Far East (Pacific Russia) to be an integrated part of the Russian economy and will continue to take steps aiming at reducing all communications barriers between European and Eastern parts of the country. But all ideas of the Russian Far East development include cooperation with the outside world, particularly with neighbors such as China, South Korea and Japan. As domestic resources are not sufficient for the region "to raise it from the knees" cooperation with neighbors would help to strengthen international component of economic security for Pacific Russia. For Russia her relations with China has its own importance and goes beyond only regional affairs and deserves a separate study. But applying to regional affairs interaction between two countries is extremely important for Russia for at least two reasons: a) economic cooperation with China is absolutely necessary for enhancing socio-economic development of the Russian Far East and b) economic and strategic interaction with China is an important part of Russia’s posture in Pacific Asia. Generally Russia and Japan have a great potential to develop bilateral ties in various fields and to cooperate on regional issues, but the territorial issue has also maintain its potential to worsen an atmosphere of bilateral relations any time in future. If we look beyond trade volumes at more broad picture of economic ties it could surprise outside observer that South Korea has succeeded to establish with Russia more comprehensive economic ties compared to Japan, despite the fact that Japan –as much bigger economy – has a bigger potential for developing economic relations with Russia. In 2010 Russia and South Korea celebrated 20th anniversary of their diplomatic relations established during the last days of the Soviet Union. Since then both countries have developed rather intensive economic, political and cultural relations. They do not have any serious problem to deal with between them. Russia is concerned with situation in North Korea after Kim John Il’s death. Russia will continue an active dialogue with DPRK’s leadership, while developing good neighboring ties and simultaneously encouraging Pyonyang to solve the nuclear issue as nuclear status of DPRK is unacceptable for Russia. Northeast Asia still lacks multilateral organisationto deal with security issues in this sub-region. It seems that there is already existing basis for suchorganisation –6-party talks on nuclear issues in Korean Peninsula. As it includes practically all main countries of the sub-region plus the United States this forum could be turn into permanent institution with a broad security agenda. A new forum could work out comprehensive proposals or a plan to offer North Korea to gradually becoming a part of international community – in a way a "Marshal plan" of economic assistance in exchange for economic reforms (and some political relaxations) and giving up military nuclear and missile programs.