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 179 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.

RC personal account
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Daniil Algulyan

Daniil Algulyan

Deputy Chairman, VEB.RF
Quotes
16.06.2022
SPIEF 2022
Russia – Egypt
We need to use roubles for some of the operations. We may be able to use Egyptian pound, though we must note that it is under strict currency regulation. It limits its use outside of the country. We can consider using currencies of neighbouring countries or rouble. Together with our colleagues, we will do our best to consider using the Egyptian pound for some of the operations
16.06.2022
SPIEF 2022
Russia – Egypt
Until recently, most of the trade volume between Russia and Egypt was commodities and agricultural products. In this department, the players could afford using third-party ‘track’, third-party ‘railway’ – they used third-party currencies, correspondent accounts and other countries’ banks. It is going to be difficult at the moment. <…> The main question is building our own ‘track’ and using it to move forward
16.06.2022
SPIEF 2022
Russia – Egypt
Trade imbalance is an important issue. Russia annually sells [exports goods worth over, – Ed.] 4 bln and buys [imports goods worth over, – Ed.] 500 mln. It means that all-encompassing clearing [procedures for international settlements based on the netting of payments for goods and services of equal value calculated in clearing currency at agreed prices, – Ed.] is hardly happening, if we are talking about large amounts. At the same time, there is segment-based clearing with local thresholds. It is probably a topic important enough to be addressed
04.06.2021
SPIEF 2021
How to Improve Export Efficiency and Trade Without Fear
The key is the client's opinion: how it is convenient for them to trade. If they want to protect themselves from currency fluctuations and currency risks, it would be more appropriate for them to sell contracts in national currencies as well
23.10.2019
Russia- Africa Economic Forum 2019
Financing as an Essential Instrument of Economic Growth in Africa
We seek and strive to establish long-term partnerships with reliable and proven partners who have expertise on the African continent and who, on the one hand, we can share our expertise our capabilities and resources with, as well as use the resources of these local partners in cooperation with them. <...> We place great hopes on our cooperation with Afreximbank. <...> The platform we are talking about today is a kind of public-private partnership because it involves government-owned financial institutions that are state corporations, stock and private companies
23.10.2019
Russia- Africa Economic Forum 2019
Financing as an Essential Instrument of Economic Growth in Africa
We should not use financing to create certain imbalances, excessive lending to projects, so here we should look more and more at how we can finance without increasing the debt burden, first of all, for the state budgets
23.10.2019
Russia- Africa Economic Forum 2019
Financing as an Essential Instrument of Economic Growth in Africa
We view the African continent as a very fast-growing point of economic development in the coming decades, and we truly believe that this economic development will bring both prosperity and success for the countries themselves and create good opportunities for cooperation with Russian companies. African markets are becoming more and more interesting for Russian producers, and in its turn, Russia is becoming more and more interesting for African partners
24.05.2018
SPIEF 2018
The Next Stage of the SCO Business Agenda
Cooperation under the SCO is one of our priorities. We have a dynamic innovative agenda for 2019-2020. We need to set up an SCO projects bank and draft uniform standards for their financing