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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OPEC Secretary General to Participate in Transformations in the Energy Sector Session at SPIEF 2018

Mohammed Sanusi Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), will take part in the Transformations in the Energy Sector panel session, which is scheduled for 25 May at the St. Petersburg International Economic Forum. 

This discussion will focus on the growing transformations of the world economy and the role of energy in this process. The revolution in cooperation between business and consumers means we all need to either adapt or hopelessly fall behind.  Meanwhile, the importance of energy sector in global economy is on the rise: a significant part of the global GDP is achieved through involving new consumers and the service sector, which presumes available and secure energy supply. The source is not that important anymore. What matters is its competitive performance and availability, since energy is consumed in the form of electricity. The choice between the socket and the gas station becomes more pressing and has a direct impact on long-term solutions in the fuel and energy sector.

Mohammed Barkindo, together with Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden, BP Chief Executive Officer Bob Dudley and IHS Markit Vice Chairman Daniel Yergin will discuss ways to reduce uncertainty and ensure sufficient fuel and energy sector attractiveness for investors, in order to avoid volatility in the future, while maintaining the guaranteed energy supply of the world economy in 20 years from now. Alexander Novak, Acting Energy Minister of the Russian Federation, will also attend the panel session. CNN’s Emerging Markets Editor John Defterios will moderate the session.

 “Cooperation with the Organization of Petroleum Exporting Countries is of great importance to us. Tough times of the global economic crisis call for joint efforts to improve the market situation. The session at the St. Petersburg International Economic Forum will help find solutions for existing challenges,” said Alexander Novak.

The issues of further development of the energy sector as well as international cooperation in this sphere will be discussed at a number of key sessions of the upcoming International Forum Russian Energy Week that will take place in Moscow on 3–6 October 2018.

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