The proposal put forward for Russia to hold the 2012 summit on Russky Island , which was a closed military zone during the Soviet-era , was confirmed at the end of the APEC Australia 2007 summit in Sydney , Australia . At a press conference in Sydney , Sergey Darkin , the Governor of Primorsky Krai , estimated the cost of hosting the summit at 147.5 billion rubles , 50 % more than previous estimates . The construction of infrastructure serving the summit , by Darkin experts ' estimates , would aid the economic development of the Russian Far East and would see more than a sixfold increase of the Gross Regional Product of Primorsky Krai by 2020
APEC Australia 2007
APEC Australia 2007
APEC Russia 2012