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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The Resource Base of the Far East and the Arctic: Current State and Development Prospects
5 September 2019
09:30—11:00

The Far East and the Russian Arctic are regions of special geostrategic interest to the state, and facilitating social and economic growth has become a priority. These areas have enormous potential in terms of raw hydrocarbons and solid mineral deposits. As mineral mining decreases, the development of the resource base in the Far East and the Arctic can help ensure that Russia’s position as an energy and mineral resources superpower is maintained and strengthened. However, while the mineral resource potential of the Far East and Arctic is significant, the state of geological exploration of these areas is markedly low and inconsistent. A significant increase in geological exploration is required to ensure expanded and expedited reserve replacement of crude minerals and long-term and consistent mining for crude hydrocarbons and solid mineral deposits. The mining and geological industry is experiencing a gradual shift in emphasis to this macroregion. In order to make geological exploration projects more attractive to investors, it is vital to improve the legislative framework, develop infrastructure, and employ new technological solutions that can ensure improved efficiency at all stages of a project. It is also important to increase state funding for geological exploration in subsoil areas offering high potential for strategic types of crude minerals in the Arctic and the Far East. A programme for geological subsoil exploration in the Russian Arctic needs to be drafted which will make provisions for, among others, reserve replacement of crude minerals in the region, the restoration of the Northern Sea Route, and the creation of a high-liquidity fund for subsoil areas, which will lead to rapid social and economic growth in the region. How can the situation be improved? What steps and measures need to be adopted? What stimuli will be most effective in attracting investment to these regions, particularly with regards geological exploration? How interested are businesses in the development of these regions?


Date
05.09.2019
Forum
EEF
Started at
09:30—11:00
Conference hall
Building B, level 7, Conference hall 4
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