A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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How an EU Carbon Border Tax Could Jolt World Trade

The Boston Consulting Group has prepared a report on the impact on global trade of initiatives to fight climate change and protect the environment, in particular, the EU Carbon Border Tax.

Although the policy has important proponents in Europe, it would create serious near-term challenges for companies with a large greenhouse gas footprint—and a new source of disruption to a global trading system. A European carbon border tax would impact, either directly or indirectly, all industrial sectors that rely on imports into the EU and would influence sourcing decisions throughout entire value chains.

To assess the potential impact of the carbon border tax, authors analyzed a selection of carbon-intensive industrial sectors—semimanufactured gold, bituminous coal, mechanical and chemical wood pulp, crude oil, and flat-rolled steel products. In each examined sector the tax’s impact would be significant.

The authors note that, the EU carbon border tax would also transform the competitive landscape of several industries by putting producers with highly carbonintensive processes at a strong disadvantage, compared with EU companies or foreign competitors that have a smaller carbon footprint.

The paper also provides tips for CEOs: although the exact mechanics and timing of a carbon border tax must still be determined and approved by legislators, CEOs should begin preparing now.

For more information about measures to combat climate change and protect the environment, please see the Trade policy, Globalization/regionalization, Environment and Climate Change.

Analytics on the topic