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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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, 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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

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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BRICS Contact Group Meeting participants discuss common approaches to economic cooperation during the pandemic

The Contact Group on Economic and Trade Issues held its second meeting as part of the Russian BRICS chairmanship on 29 April. The meeting was held in video conference format for the first time at the Roscongress Foundation and was chaired by Director of Multilateral Economic Cooperation and Special Projects Department of the Russian Ministry of Economic Development Natalya Stapran.

Meeting participants presented national packages of measures to support the economy, as well as to lift the lockdown and self-isolation regime.

“We are facing a global crisis. Therefore, cooperation within BRICS requires urgent and coordinated response measures in order to protect the health and wellbeing of the citizens of our countries and to revive economic growth,” Natalya Stapran said.

While discussing the new version of the Strategy for BRICS Economic Partnership 2025, BRICS partners expressed the need to include in the Strategy joint approaches to counter epidemics and overcome the economic consequences of the crisis like the current one.

Representatives of BRICS countries also discussed the issues of supporting a multilateral trade system, revealing the potential of the digital economy and implementing sustainable and inclusive development agenda in the context of the coronavirus pandemic. They also noted the need to provide transparency of all decisions taken regarding COVID-19 and active participation of all BRICS countries in monitoring these measures by the WTO.

They exchanged views on the impact of the coronavirus on MSMEs, including possible BRICS joint actions to support them amid the implemented measures to counteract COVID-19, the impact of the pandemic on trade and investment. The meeting gave specific attention to the prospects of easing the requirements for BRICS investors on foreign markets and creating a predictable and stable investment environment.

Official websites of the Russian Presidency of the Russian BRICS Chairmanship — https://brics-russia2020.ru/

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