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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Junior Geological Exploration Companies: Development Prospects in Russia
3 June 2021

A stable materials sector is the foundation of sustainable global economic growth. It is expected that the mining sector will retain its role as the backbone of the global economy and consumption will continue to grow over the next 20 to 25 years. The green economy has emerged as a new driver of materials sector development. Green economy trends such as decarbonization, the development of renewable energy and energy storage technologies, clean transport, and hydrogen fuel have led to growing demand for primary metals and materials, significantly altering traditional materials consumption patterns and generating demand for new metals and materials. The Russian economy has an obvious competitive advantage in the form of its wide and diverse mineral-resource base. The mining sector is the foundation of the Russian economy and makes up 12% of the GDP, without taking into account its effect on the secondary sector. Russia and the rest of the world are now facing the issue of dwindling reserves in their largest and most economically viable deposits. In leading countries, the problem of dwindling commodity reserves is solved in party by attracting private funding to geologic exploration by way of junior geological exploration companies. They take on up to 40% of the cost and attract billions of dollars to the industry. Russia has enormous geological exploration potential and is in a stage of transition. The Strategy for the Development of the Mineral Resources Base of the Russian Federation until 2035 foresees the gradual reduction of government spending and increase of private investment in geological exploration. What does Russia need to realize this potential and remain competitive in a changing world? What steps must be taken so that businesses can smoothly replace the government in the early stages of geological exploration? How can restrictions be lifted to attract private capital to geological exploration?

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Pavilion G, conference hall G6
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