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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Pavel Grachev

Pavel Grachev

Chief Executive Officer, Polyus
Quotes
03.09.2021
EEF 2021
Resources in the Far East: From Exploration to Integrated Development
We are talking not about simply digitizing and consolidating geological information, but about verifying it. The problem is not just that it is sketchy. The problem is that there is different information on the same land units in different places
02.09.2021
EEF 2021
Healthy Ambitions: Presentation of Landmark Projects in the Far East
The main characteristic of the Penzhin Tidal Power Plant and the hydrogen production cluster is not the technology itself ... but the scale of this enterprise. <…> This potential scale will help improve the economy and obtain an acceptable unit cost. The most impressive thing about the tidal plant is not five million tonnes [of hydrogen]... but its design capacity. We are talking about 100 GW, which is a precedent not only for tidal generation, but power generation in general
02.09.2021
EEF 2021
Healthy Ambitions: Presentation of Landmark Projects in the Far East
Tidal power generation is a cyclical process, variable power supply: there are ebb and flow twice a day, and in order to ensure the smooth operation of the electrolyzer, we need to look for ways to equalize these flows
02.09.2021
EEF 2021
ESG in Manufacturing: Why Solving Global Problems Requires International Best Practice
To us, international cooperation is finding out what is going on around us and acquiring the valuable information, statistics, and practices that are available to our industry colleagues. At the same time we share our own knowledge, consult with other companies, and this has its own social function
02.09.2021
EEF 2021
ESG in Manufacturing: Why Solving Global Problems Requires International Best Practice
Climate change remains a key concern for us. Polyus participated in an ICMM study on adapting to climate change published in 2019. A separate subject, which is currently being addressed individually, but which ICMM is currently working on, is the transition to renewable energy sources. Thanks to investments that we started implementing in 2015, this year we were able to transition to 100% renewable sources of energy, including hydrogeneration by signing direct contracts with RusHydro stations
04.06.2021
SPIEF 2021
Unlock Transformational Value through Technology: How Leaders are Changing the World
[We are implementing, Ed.) a unique project, currently it is the largest unexplored field in the world <...> it is unique in its location, capex size and production volumes. Once launched, we aim to complete the construction by 2026–2027, and after that, thanks to this new asset, Polyus's gold production will almost double. <...> Of course, while implementing such project, we must take advantage of all technologies and developments that are available in the world and in global practices that we have already tested on our other assets, but during their implementation we had to go through a very difficult and sometimes long transformation from traditional routine management methods to new digital technologies. In Sukhoi Log, where we design production from scratch, all these developments are already incorporated in the initial project, and working groups that are making preparations are guided by these new solutions from the very beginning
03.06.2021
SPIEF 2021
The Pandemic as a Catalyst for Sustainable Development through the Incorporation of ESG Principles
[…] Out of 50,704 companies, more than half of them don’t set targets or have such a KPI as car-bon neutrality by 2050, and those of them that declare […] such a target is actually very cunning, since most of them, in particular, mining companies, likely will cease to exist by 2050 due to the life expectancy of their assets
03.06.2021
SPIEF 2021
The Pandemic as a Catalyst for Sustainable Development through the Incorporation of ESG Principles
The issue of ESG is inevitably [emerging] on the agenda. And this is dictated not only by the aspira-tions of individual activists, but also by the policy that investment funds and banks have been pur-suing recently. [...] In Russia, there is fertile ground for this trend
03.06.2021
SPIEF 2021
The Pandemic as a Catalyst for Sustainable Development through the Incorporation of ESG Principles
The climate agenda stands apart and I believe it should be separated from the overall ESG rating, since the urgency and critical significance of changes in this area is incomparable with the rest of this movement
03.06.2021
SPIEF 2021
The Transformation of Business to Spur Economic Growth
I would like to support the importance of the point made about investing in people; because no software product or sensible idea for business optimization – that can be invented and implemented – will survive and show results in case there is no broad consensus within the company as to why it is being done, and what it will bring to each particular user
03.06.2021
SPIEF 2021
The Transformation of Business to Spur Economic Growth
The result of our digitalization is not some kind of final product. We do not present it to buyers, tenants, or anyone; it is built into our processes, and the key feature to evaluate this product is improving business performance, whether it be asset management or end-to-end budget planning. It is an integral part of a larger process within our business
03.06.2021
SPIEF 2021
The Transformation of Business to Spur Economic Growth
Out of some specific initiatives we draw a conclusion that transformation is becoming an integral part of the current business, and thus its importance is growing constantly
04.09.2019
EEF 2019
Solid Minerals Mining: How Can the Investment Potential of the Industry Be Utilized Most Effectively?
The abovementioned initiative on expanding the principle of declarative order for receiving subsoil for geological exploration on P1 and P2 categories <…> today is not fully used due to the existing restrictions on the size of available plots: no more than three plots of 100 square kilometres. Given current circumstances and the scale of the Far East, it is clearly not enough. <…> At the stage of geological exploration, area may be and should be much larger
04.09.2019
EEF 2019
Solid Minerals Mining: How Can the Investment Potential of the Industry Be Utilized Most Effectively?
If we compare legislation for liquid and for solid minerals, we see that our colleagues from the ‘liquid’ legislation and those who lobbied for it, have solved many issues. Working at the Federation Council, in our committee we tried to transfer these novelties that make the life easier for those working in oil and gas to solid minerals, but we never succeeded. <…> It would be really groundbreaking and democratic to give us equal rights
04.09.2019
EEF 2019
Solid Minerals Mining: How Can the Investment Potential of the Industry Be Utilized Most Effectively?
We can actually feel not just liberalization, but legislation becoming more grounded, more satisfying, practical, more applicable. Undoubtedly, it is the key factor for the industry development
04.09.2019
EEF 2019
High-Tech Business: Identifying What Is Needed to Achieve Fast Growth
What makes a technologically advanced company different from its competitors? It is the ability to manage a complex business – from geological survey to gold production – through a digital model, starting with a digital geological model that embraces all stages of production and can remotely react to the ever changing factors without human interference
04.09.2019
EEF 2019
High-Tech Business: Identifying What Is Needed to Achieve Fast Growth
The progress and the development dictated by the environment and the changing conditions push us towards participating in the digitalization and the technological breakthrough we have been witnessing over the last five years
06.06.2019
SPIEF 2019
Digital Subsoil Use
The bond between the three elements – IT, production business and managerial potential – is the guarantee for applicability of any digital initiative
06.06.2019
SPIEF 2019
Digital Subsoil Use
Any innovation should be driven by an economic need. <…> On one hand, we belong to the most active participants [of the digitalization] – our IT budget – or the digital transformation budget, so to speak – is something between USD 70 and 100 million annually. On the other side, we are always very cautious and urge to avoid the so-called digital romanticism, which means digital transformation for the sake of digital transformation. It is not just about the budget to implement, but more about where it will take the business that basically runs and about the risks it creates
06.06.2019
SPIEF 2019
The ESG Race for USD 30 Trillion of Investment is on
Given current trends and the speed at which they become embedded, not only is acquiring new investors at stake, but more importantly, the is the risk of losing existing investors
06.06.2019
SPIEF 2019
An Innovation Economy: Opportunities for Smart Specialization in the Regions
Digitalization has become an essential need for us. Taking into account the volume of mining operations that Polyus currently performs, which is 300 million cubic metres of ore per year, it is simply impossible to process such volumes without appropriate IT support
24.05.2018
SPIEF 2018
Breakthrough in the Far East: How to Become a Leader for Growth in Private Investment
Last year a very important concession was provided: discounted electricity rates in the Far East <…> Yet the goal that has been set, namely to attract new investors in my opinion hasn’t been reached
24.05.2018
SPIEF 2018
Breakthrough in the Far East: How to Become a Leader for Growth in Private Investment
In terms of taxes I believe everyone would agree that in the past few years the Ministry of Finance and the Ministry for the Development of the Russian Far East worked together relentlessly that resulted in sustained supporting elements that have been passed on to the regions