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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Sergey Glazyev

Sergey Glazyev

Member of the Board, Minister in Charge of Integration and Macroeconomics, Eurasian Economic Commission
Quotes
17.06.2022
SPIEF 2022
The EAEU: Greater and Better Integration
In fact, the creation of a common space for science and technology is a priority, and probably the most important one for the long term. In this regard we are working on an integrated computer network encompassing universities and scientific organizations. We also need support from the government, experts, and scientific communities. A common labour market is taking shape, and along with the Work without Borders programme (which employs digital technology), the creation of common standards is very important
17.06.2022
SPIEF 2022
The EAEU: Greater and Better Integration
Connectivity is of course about building cooperation and joint investment projects. We speak about this a great deal, but in order to achieve this, we need first of all to build a new financial and economic space,
17.06.2022
SPIEF 2022
The EAEU: Greater and Better Integration
Connectivity is of course about building cooperation and joint investment projects. We speak about this a great deal, but in order to achieve this, we need first of all to build a new financial and economic space
16.06.2022
SPIEF 2022
Integration for Development: New Horizons
We will shortly present a concept for forming a common exchange market of the Eurasian Economic Union. It will combine the information systems of our exchanges. <...> On the agenda is the transition to a new world settlement currency. We have developed such a model at the Russian Academy of Sciences and are discussing it with Chinese colleagues. <...> It is based on two baskets – a basket of national currencies... and a basket of exchange commodities
16.06.2022
SPIEF 2022
Integration for Development: New Horizons
The West’s sanctions have basically deprived it of its most important advantage – its monopoly to issue reserve currencies. Today, we cannot consider dollar or euro or pound reserve currencies anymore. We cannot use them to keep reserves or any other assets. Even using them for trade is too risky. National currencies today cover over 70% of our mutual trade, and this share is growing. I think this year it will exceed 80–85%. But the pricing issue is much more complicated – we are still tied in pricing to Western markets, which are manipulated by financial speculators among others
16.06.2022
SPIEF 2022
Integration for Development: New Horizons
We are witnessing an explosive growth of mutual trade… However, that is not enough to ensure the right level of ties between our economies. The share of mutual trade has been at the level of 10% for a long time now. It is only Belarus that exceeds 50% and Russia that is below 10%. There is room for improvement. In order to compensate for the disrupted integration chains with the EU, we need to create conditions and develop cooperation from within
16.06.2022
SPIEF 2022
Integration for Development: New Horizons
The ongoing events only stimulate our integration. It is a powerful impetus to get to a whole new stage. A big share of our turnover is import, with 60% of it being intermediate goods. It means that the shock of the imposed trade barriers our economic space is experiencing only makes us activate our internal resources
16.06.2022
SPIEF 2022
Russia – Africa
We view our cooperation with Africa as an important, promising and priority area of our work. <…> We do not just share great opportunities for cooperation, but problems that are pressing and that create intrinsic conditions for making this cooperation more meaningful and intensive, for making our economies closer
16.06.2022
SPIEF 2022
Russia – Latin America
We need to create a new currency basket. We have already switched to settlements in national currencies. This process is not easy in terms of pricing, because when there are many countries and each sets prices in its own currency, it is very difficult to find an equivalent. <...> We need to create a new global settlement currency in order to avoid further losses due to sanctions and to ensure the fast transition to a new monetary and financial system based on international law
16.06.2022
SPIEF 2022
Russia – Latin America
There is a large number of memorandums of cooperation between us and many regional economic associations in Latin America. A lot is still to be done, and this work should result in a new reality. The world is in transition to a new global economic order, but its core has already been formed – it is Southeast Asia. <...> Of course, Latin American countries need to take part in the formation of this new core of the global economy
04.09.2021
EEF 2021
The Value and Values of the Greater Eurasian Partnership
So far the world has gone forward along the ways of liberal globalization where a zero-sum game prevails. Some benefited by opening borders and some did not. Endless trade disputes have been racking the World Trade Organization for many decades. The new world economic order is not a sum-zero game; it is, first and foremost, a search for mechanisms for combining competitive advantages of different countries, for integrational associations; it is a search for new formats of cooperation
04.09.2021
EEF 2021
The Value and Values of the Greater Eurasian Partnership
We need a common development strategy. We need to get rid of barriers, create common technical regulations systems and a common standards space, in other words, build best global practices in Eurasia that are based not only on general recommendations but on full-scale trade and economic agreements
04.09.2021
EEF 2021
The Value and Values of the Greater Eurasian Partnership
Our task is to stabilize the macroeconomic situation within the entire huge Eurasian economic space. Right now we are working on calculations in national currencies, on building common development institutions. We need to create a common stock exchange space with stable pricing terms so we would not depend on those monopolists who manipulate the markets and get rich off destabilizations
03.06.2021
SPIEF 2021
Russia–Latin America
As for the geography issue... one can work through intermediaries, or one can work directly. In the latter case, direct cooperation is built, which is more effective. We can compensate for the geographical problem by reducing transaction costs if direct ties are established between enterprises. <...> As for the lack of information... I think that our main task today is to provide more access to information about each other’s capabilities, competitive advantages, and prospects for cooperation
03.06.2021
SPIEF 2021
Russia–Latin America
The potential is huge. <...> But there are two barriers for businesses to overcome: ... geography ... lack of information. In Russia they know very little about Latin America, in Latin America, perhaps they know a little more about Russia, but they know very little about other countries of the Eurasian Economic Union
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
Together we need to think about a new financial and economic infrastructure that would be focus on developing real economy instead of being based on IMF recipes and Washington consensus,
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
The bottleneck in our cooperation is the need for more sources of financing for joint projects. We can raise the turnover in mining industry; it is commodities, agriculture, joint projects in processing industry – all of it possible through creating state-of-the-art transport, energy and financial infrastructure. We would hardly be able to double the turnover over five years without overcoming this bottleneck
12.09.2018
EEF 2018
The Digital Economy: Opportunities and Prospects for the Far East
The digital revolution provides tremendous opportunities in the monetary sphere. <...> We are talking about the birth of a fundamentally new type of money: not just crypto-currencies, but rather national digital currencies
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
The development strategy is well understood – it encompasses modernization and a technological revolution based on the new technological wave, which will grow at 30% per year. It is a dynamic catch‑up initiative in areas where we are close to leading the way (for example, in aviation, where manufacturing could be increased several fold). It is processing resources more deeply, increasing added value several times over, and ensuring that we catch up in the development of assembly lines in sectors where we have been lagging behind