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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Investment Attractiveness in the Oil Industry: A New System of Taxation
5 October 2017
14:00—15:15

Russia is presently a leader in oil extraction, and occupies a stable dominant position globally with respect to the size of its proven reserves. Inclusion of its non-traditional oil and shelf resources could increase this figure significantly, providing a solid foundation for long-term development. Nonetheless, the potential of Russian oil reserves is among the most undervalued by the international investment community, in spite of the fact that economic indicators are at a level comparable to those of international competitors. A key factor in improving investment attractiveness is evolutionary development of the taxation system which takes into account the development of the energy sector, making it possible to maximize the positive effect on the economy. Experiments in taxing additional income are being conducted to encourage the development of new oil reserves and provide a fresh boost to the development of the Russian oil industry. How can a balance be struck between the interests of business and those of the state? How can investment be attracted into the Russian energy sector during a time of volatility in the macroeconomic and foreign policy landscapes? How can the Russian Federation ensure maximal monetization of its resource potential on an increasingly competitive market?

Date
05.10.2017
Forum
Russian Energy Week
Started at
14:00—15:15
Analytics on the topic