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 180 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 81 countries worldwide, and 186 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, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.

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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 180 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 81 countries worldwide, and 186 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, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.

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РК-Дайджест: Квантовое будущее, лекарственная безопасность и телемедицина / 22-26 июня 2020
27 June 2020
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Maxim Oreshkin

Maxim Oreshkin

Aide to the President of the Russian Federation
Quotes96 Events53 Publications8 Biography News1
Quotes
06.09.2022
EEF 2022
New Life for Far Eastern Cities: Development Strategies
What is the purpose of master plans for the renovation of the Far Eastern cities? We are talking about the future, not one, two, or three years, but 10-20-30 years ahead. Prospects for business with an understanding of how it will develop. <...> This is the prospect of how the children of these people will grow up, how they will be brought up, what kind of education they will receive, and what their life prospects are
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
We’ve always managed, and we’ll manage this time too. We’ll succeed, and we’ll do a good job of it. Yes, it’s going to take time, it’s going to take effort and hard work. But we’ll succeed
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
You said ‘Everybody wants to wait it out’. This a normal human reaction: We are designed to protect ourselves. When something changes in our life, our first reaction is to deny what is happening. This is the wrong approach to take, the wrong strategy. Over the last three months, I’ve been in meetings, or somewhere else, where I’ve constantly heard people saying: ‘Let’s wait. Let’s not decide anything now. Everything will go back to normal soon. We won’t need to do anything.’ But this is the wrong approach to take
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
The events happening now, [and] how the state, how business reacts, how people react to the situation in the economy, show that we have coped successfully, that we are a strong country, we are strong people, we can solve problems, we can achieve results
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
The things happening in the world right now aren’t temporary. The changes are very profound. The changes in geopolitics are profound. Consider the things said by the president (Russian President Vladimir Putin – Ed.) when he spoke in Davos a year and a half ago. The diagnosis was laid out very clearly. And the desire for unipolarity, which leads to confrontation between countries, and problems with social inequality in the world, and problems in macroeconomic policy. So everything happening now is part of a larger chain of events
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
The situation has changed dramatically. If the task with COVID was to wait it out, and somehow or other we knew that the world would be different after COVID, though it would generally be similar, we understand that in this situation the similarities will be of a totally different level
16.06.2022
SPIEF 2022
Russian Economy: Current Challenges and Footholds
It’s not going to be like it was before. There are no other options here. The more quickly managers at different levels – in the public sector, in the private sector – realize this, the more quickly they’re able to create a strategy from a new understanding of what is happening, the better off our country will be
17.06.2022
SPIEF 2022
New Realities of the New World: A Game with No Rules?
We are currently attempting to build the [financial – ed.] infrastructure along traditional channels. That includes interbank relations, and the currency of the transaction in question. However, I think that this entire story needs to be looked at from another angle. By this I mean we should use new technological approaches to ensure the infrastructure fulfils its function. I think our tech companies will help us in this regard. To reiterate, we need to create a next-level tech-based infrastructure which all participants will find easy to use, and which is independent of all participants. That’s because this new world and new form of openness are built exclusively on principles of equality and mutual respect for one another’s interests
17.06.2022
SPIEF 2022
New Realities of the New World: A Game with No Rules?
We can see how the system of political institutions in the West is now fragmented. Society is fragmented, and societies are not coming together. All this trust has been lost, and their status of uniqueness is already lost with it,
17.06.2022
SPIEF 2022
New Realities of the New World: A Game with No Rules?
There’s the dollar, which everyone is used to. The dollar is not a weapon – it is a drug, and one which the whole world has been addicted to when it comes to making settlements and services offered by the banking system. But the realization that it is a drug, and not an asset, is one that is growing throughout the world. They wanted to isolate [Russia – ed.], but they won’t succeed. Russia will be an open economy. We have lots of partners
17.06.2022
SPIEF 2022
New Realities of the New World: A Game with No Rules?
What we are left with is a state of affairs that always existed, but not everybody understood – ultimately, every country needs to put its own interests above all else. This is the main rule which existed, and today, more and more countries are beginning to recognize that fact. And conversely, the rule that someone from outside will help you no longer rings true. The West believed in its exceptionalism, that its status did not come from some kind of objective reality, but was bestowed from above. We are all too aware that a status is always supported by trust, trust in institutions. <...> They wanted to isolate us, but it’s now pretty clear that through the loss of trust, they are isolating themselves. Fewer and fewer partners want the kind of relations with them that existed previously
04.06.2021
SPIEF 2021
Russia’s Golden Era for E-Commerce
What we are seeing in the world is a <...> fundamental change in the way economies work. Economies are moving away from an industry-based principle, where there is a specific industry offering a specific product or service. <...> Now there are ecosystems, where things are not built upon a specific product or service, but rather on people as consumers. Goods and services then converge around these people. <...> Accordingly, e-commerce is what is already being built around consumers and people. This marks a systemic transition from an industry-based principle to a systems-based one. Naturally, it is impacting everything, both in Russia, and around the world. And commerce is no exception. That is why it is no longer a question of regulating it as an area of trade as such – it is a question of regulating ecosystems, in which <...> e-commerce [is – ed.] one element, a mechanism
05.06.2021
SPIEF 2021
Youth Entrepreneurship: Empty Hype, or the Future of the Russian Economy?
The younger generation’s low level of involvement in global processes is, of course, a very big risk for the development of all mankind [...] At the end of 2020, unemployment among people aged 20–24 in Russia was 16.2%. And this is almost 2% higher than it was before the crisis in 2019. This is a very serious systemic problem that needs to be addressed
05.06.2021
SPIEF 2021
Youth Entrepreneurship: Empty Hype, or the Future of the Russian Economy?
The economy is rapidly changing, and new technologies and new industries are emerging. Young entrepreneurs have the chance to not repeat what has already been done, but come up with something new and work in formats that did not exist 10–20 years ago. This is why young people’s involvement in entrepreneurship will grow, and in the next 5–10 years the share of entrepreneurs in this age cohort will be greater
03.06.2021
SPIEF 2021
The Architecture of Post-Pandemic World: Technology, Economy, Society
The significant growth of the role of the government, with no return to be seen. We're seeing a higher level of government spending on a systemic level, primarily in developed, but also in developing countries over the next decade. The first reason is macroeconomic policy: currently, all developed economies have a very high level of government debt and the effectiveness of monetary policy in this situation has plummeted. We did not see such a sizable fiscal response in 2008–2009 and had a long recovery following that crisis. We have seen a significant fiscal response this year, and are seeing a rapid recovery after a very serious crisis
03.06.2021
SPIEF 2021
The Architecture of Post-Pandemic World: Technology, Economy, Society
President of the Russian Federation Vladimir Putin set forth the following goal in his address: to create a national system so that there is a method of quickly reacting to similar situations: rapid tests over set periods of time and rapid vaccinations, so that the system is able to react. This is a goal that we will start working towards in the near future
03.06.2021
SPIEF 2021
The Architecture of Post-Pandemic World: Technology, Economy, Society
Inequality has increased during the pandemic. However, I think that, now, especially developed countries, will hit peak inequality in the next few years. And the turn that has been noted, I call it the ‘left turn’ in economic policy, it is going to stay with us, and for a long time. Which means we are going to see growing social spending, environmental spending, healthcare spending and infrastructure spending. One part of this will be covered by increasing deficits, while the second part will be covered by increasing taxes on the rich and on corporations. That is approximately what’ll be happening in the United States. It is what Biden is currently proposing and it looks a lot like the approach proposed by Roosevelt as a reaction to the Great Depression
03.06.2021
SPIEF 2021
The Architecture of Post-Pandemic World: Technology, Economy, Society
Everyone calls what we are seeing happen with the economy ‘digitalization,’ but I think we are seeing a deeper trend. I would call it an ecosystem revolution. The old model of the economy was built around industries, around concrete goods or services. Markets were separate. Now we're seeing a profound transformation around the world, one that will continue globally for decades. This is an ecosystem revolution – towards an economy constructed around consumers, around people. No longer is some sort of product at the centre of the economy – that is secondary. People and their needs are in first place
03.06.2021
SPIEF 2021
Quality of Life as a Key Driver of Contemporary Development
There used to be a model for many of our cities that were created during the industrial era: first came a large enterprise, and everything else came second <...>, everything else, including residential neighborhoods, were created as an appendage to this large enterprise. <...> Transformation that the whole country is facing right now is an opportunity to change something in every settlement, so that it improves the quality of life. It is clear that somewhere it will require some degree of support from the federal centre, but in any case, this is the task of the teams working in each locality
03.06.2021
SPIEF 2021
Quality of Life as a Key Driver of Contemporary Development
Quality of life in a modern economy is a basic thing. If there is no quality of life, people will leave to look for other cities, other countries. All modern businesses, all global companies that are successful, they are all based on human capital. In order for a country to be successful and achieve economic growth and all other indicators, they must ensure the quality of life. How the country moves forward is different from case to case
03.06.2021
SPIEF 2021
The Russian Economy: From the Anti-Crisis Agenda to Sustainable Development
It is necessary to build long-term predictable regulation, because such regulation stimulates investment activity
03.06.2021
SPIEF 2021
The Russian Economy: From the Anti-Crisis Agenda to Sustainable Development
The demand for metals, copper, will grow, so it is important that Russian mining industry changes its structure
03.06.2021
SPIEF 2021
The Russian Economy: From the Anti-Crisis Agenda to Sustainable Development
It is important that Russia occupies one of the key positions in this emerging market
03.06.2021
SPIEF 2021
The Russian Economy: From the Anti-Crisis Agenda to Sustainable Development
We have a correct macroeconomic structure with the independent Central Bank, with the budget rule that is followed by the government, we have to stick to this structure; we have a very low government debt level which indicates the efficiency of the monetary policy
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
Technologies play a crucial role in fighting inequality in education
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
Technological inequalities leave entire countries behind in terms of development prospects. Social inequality has serious medium- and long-term consequences; it is a question of human capital quality, as well as access to education and equal opportunities. The whole world needs to work together to address the problems that hinder the development of equal opportunities
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
It is important who gets the added value. In China and India, tens of millions of people have come out of poverty, and in the United States we witness a super concentration of income in companies. Unregulated monopolies are beginning to dominate, and they are not limited to just one country. Let’s introduce global regulation and taxation for global companies. Previously, regulation happened at the production location, now it is at the location of consumers. This is a challenge for the world economy for the next 5–10 years
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
We are witnessing technological protectionism from developed countries, which is blocking opportunities for education and obtaining technology. Companies that use AI can double their revenues in ten years. This process will be accompanied by an escalation of global social inequality. It has reached its highest levels since its last peak in the 30s and 40s of the last century
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
In Russia, the level of inequality is unacceptable, and in recent years it has tended to decrease, but this is not happening fast enough
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
Balance and sustainability are key issues on the world agenda. The balance between consumption and investment is important
22.01.2020
Russia House in Davos 2020
Inequality: A Barrier to Economic Growth
Inequality is an economic problem, not just a social and political one. Mature companies create the rules of the game in order to control competition as much as possible. Global pseudomonopolism seriously constraints progress. Large platform solutions easily suppress competitors
23.10.2019
Russia- Africa Economic Forum 2019
Russia and Africa: Uncovering the Potential for Cooperation
African countries are going through a series of transformations: infrastructural, digital, and human. These transformations aim to improve the quality of life for the people that populate this great continent. In the recent years, Russia has amassed a great volume of competences and now we are ready to pursue joint projects that will aim at raising the living standards
05.09.2019
EEF 2019
Russia–Japan
Speaking about promising areas, there is great potential in the transport sector. <...> One of these projects, which is of strategic importance for our countries, not only for Russia but for Japan as well, is using the Russian railways network for transit between Japan and Europe
05.09.2019
EEF 2019
Russia–Japan
There are investments and interactions, not only in traditional sectors, such as energy, but in new areas as well. <...> As an example, there is Canon’s planned investments in Russia, cooperation with Russian partners in the production of medical equipment. Activities range from traditional industries to those where we have not yet seen large investments by Japanese companies or joint projects
05.09.2019
EEF 2019
Productivity Leaders: Drawing on the Asian and European Experience to Support Regional Growth
We are currently working with our colleagues in the Ministry for the Development of the Russian Far East on creating additional productivity centres as part of a national project, in order to logistically cover the Far Eastern region
05.09.2019
EEF 2019
Productivity Leaders: Drawing on the Asian and European Experience to Support Regional Growth
We need to invest more, <...> We need to implement technologies. For example, the next few months will see the launch of a new project to implement and develop artificial intelligence technologies. <...> By our estimates, this could add up to 1% of annual growth by 2030 if we play our cards right. <...> That’s investment quality. With each year, Russia invests more and more in the quality of human capital. That includes education and the research environment
05.09.2019
EEF 2019
Productivity Leaders: Drawing on the Asian and European Experience to Support Regional Growth
Labour productivity is a high-level indicator that reflects everything that’s going on in an economy. We talk about needing to increase the volume of investment. We talk about the quality of existing capital. These are the technologies that are being used. We talk about the quality of human capital. Of course, it’s also very important to bring all of these elements together and utilize them properly. And that’s a question of management quality
05.09.2019
EEF 2019
Productivity Leaders: Drawing on the Asian and European Experience to Support Regional Growth
Why does the Russian Far East have higher (labour productivity — Ed.) indicators? The investment component plays an active part here. The share of investment in the Far East’s GDP is higher than the Russian national average. We’re seeing major projects come in because of the advanced special economic zones. A large number of investors go and implement projects with high levels of productivity. It affects general economic growth
08.06.2019
SPIEF 2019
Russia–Japan
A big deal – and it was a breakthrough – is cooperation of the Russian Direct Investment Fund with the Japanese Bank for International Cooperation, creation of a platform for supporting Japanese investments in the Far East. This fund was started in 2017 and its amount is USD 1 billion. The amount of investment for 2018 alone totalled USD 230 million
08.06.2019
SPIEF 2019
Russia–Japan
Russian-Japanese trade grew by 17% in 2018. The growth continues in 2019. It is not a great time for global trade, which affects economic performance all around the globe. Trade with Japan is one of the most rapidly growing among Russian trading partners. This means that Russian-Japanese commercial and economic relations are relations of growth without scandals or issues. This is a very good trend
07.06.2019
SPIEF 2019
Business in National Development Projects: Ways to Succeed
It is not for businesses to participate in national projects but for national projects to create platforms upon which businesses are able to implement their projects. <...> The state must participate and make the first contributions and capital grants for projects of this kind, and that includes the use of mechanisms of public-private partnership (PPP)
07.06.2019
SPIEF 2019
Business in National Development Projects: Ways to Succeed
By implementing important infrastructure projects, we set off a whole cycle of other projects that become possible in different sectors of the economy. <...> How effective national projects are depends on how many business projects are then implemented based off of them
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
If we look at the overall credit structure today, we will see that consumer credit is in the lead. <…> I believe that it is the consumer credit problems that are most likely to lead us to the next recession
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Russia is more active in reducing CO2 emissions than most other countries in the world. <…> Russia will play its role so that the economic growth is as environmentally friendly as possible
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Growth should not come from oil, it should come from other sectors. Last year processing industry showed +7% of investment, there should be room to grow. Agriculture showed +5%, there should be room to grow. I am talking about service industry, new technologies
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Russia needed the oil prices to be at USD 110 per barrel in 2014. After the past 5 years the price settled around USD 40 per barrel. What other country can go through a transformation like that in such a short time?
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
The picture that is now taking shape in the world is the formation of several national development platforms, which have begun a tough battle, not for a year, not for two, but for decades. This battle will have varying degrees of success and will have lulls in it – a peculiar kind of Hundred Years’ War
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
Without competent governance, without the leadership that can arrange processes. <…> Russia needs to catch up here, and this is where we can learn a lot from German companies
08.06.2019
SPIEF 2019
Russia–Azerbaijan
Our task is to create conditions for these joint business projects to develop, provide necessary support on the federal level, help lift barriers; but anyway behind all these projects are real companies, real people that come to agreements, develop projects and implement them
08.06.2019
SPIEF 2019
Russia–Azerbaijan
According to the statistics, we have two-digit rates of trade turnover growth; services and mutual transactions are also growing. In fact, we are talking about not only transactions from Russia to Azerbaijan, but also the other way around. This means that connections between businesses, between people are very close
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
We need sources of information – high-quality, objective information – that would truly reflect what is happening in various spheres
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
Some agencies have opened up, but it is often that the question arises about the data that they publish: how reliable is it? How well does it reflect what is really happening? They can open up and at the same time provide information that has nothing to do with reality, that is, to look good on the outside, but have serious problems on the inside
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
Openness, transparency is what will help us become more effective and reduce corruption in the areas where it still remains. Both digitalization and availability of information will help us take a big step forward
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
The government should create conditions to provide human capital at the market, to minimize barriers for the investment process, to develop technologies within economy together with universities and science, and to improve the governance, which is lacking in every segment
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
Productivity is an integrated index that depends on a number of components: it is human capital, and the accumulated volume of capital resources, and the existing investment, production and managerial technologies, and the created production chains and cooperation
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
Russia should build within itself those institutions, those solutions that will help it become independent and sovereign. But at the same time, to do this with the maximum coordination, the maximum cooperation, and the maximum number of partners: with China, with Europe, and, in some cases, with America
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
We have very many projects developing with China. We have an understanding of how we will move forward with China in terms of economic development for at least the next 5 years. <...> With European partners, the relationship over the past few years has been very challenging. But again, there is a move in a positive direction. Today I met my partner, German minister Peter Altmaier, and for the first time in several years, we signed an intergovernmental cooperation agreement
14.02.2019
Russian Investment Forum 2019
National Champions Pitch Session
The companies which we have here today have already fully proven themselves to everyone – in terms of increased production, high-quality products, and collaboration with major corporations, amongst others. <…> For our part, we will do our utmost to assist them so that they may continue to move forward
14.02.2019
Russian Investment Forum 2019
The Economics of Urban Comfort
The actions, the result is most appreciated when people do something for people. <…> Involvement in the implementation process is also critical. We need to gradually move away from this rhetoric of national projects, activities, plans, trillions towards the involvement of people in the implementation of specific actions and projects in real neighbourhoods
14.02.2019
Russian Investment Forum 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
High labour productivity without competitiveness is a real case. <…> Therefore, here the emphasis is on the added value. You be highly productive in make something that no one needs — it’s crucial to avoid this trap,
14.02.2019
Russian Investment Forum 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Now we are in a situation where our country lacks quality employment. As enterprises become more efficient, they don’t cut jobs, on the contrary they start recruiting new personnel,
14.02.2019
Russian Investment Forum 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Will it help us reach the goal of increasing overall labour productivity? This project alone will not, that’s for sure. It must be one of the elements. There will be no increase in labour productivity without growing investment activities, modernization, and digitalization. All these elements are only working if the people are engaged in the process,
14.02.2019
Russian Investment Forum 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
The employees are becoming a lot more engaged in the processes at the enterprise. <…> The major goal, the main function of this project is a step-by-step change of production standards. We have started with industrial enterprises. <…> After a while, as soon as we have covered more regions, more areas, individual enterprises, organizations <…> this effect must become cumulative,
14.02.2019
Russian Investment Forum 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Those enterprises that joined the project in late 2017 to early 2018 <…> 69% of those enterprises showed an increase in labour productivity by more than 10%. The enterprises that are already in the project <…> report 13% revenue growth, and a 19% increase in tax payments,
14.02.2019
Russian Investment Forum 2019
Regional Policy in the Context of Russia’s Spatial Development
We start to actively discuss the horizontal level of the national projects related to specific territories. We are talking about rural areas, we are talking about cities, we are talking about compulsory accounting for the demographic projections when deciding on the locations for certain facilities, we are talking about economic specialization. So, the horizontal level is the basis for success
14.02.2019
Russian Investment Forum 2019
National Projects and the Regions: Key Questions at the Beginning of the Road
We need to sit down with every region and work on the existing agenda. What we’re trying to do economy-wise: under the State Council working group we’re trying to create a system, but at the same time we work with Tula Region, look into a number of measures in Dagestan and we’ll keep working with the Governor of Astrakhan Region. That’s why working individually with each and every region is truly important. We can achieve results only by working together,
14.02.2019
Russian Investment Forum 2019
Innovative Science and Technology Centres: What Should They Look Like?
ISTC create close ties between scientific organizations, universities, and the real economy. We have a limited amount of these connections, but we need to take it to a new level
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
The task of the government is merely to help any person born in Russia to get an education and give them the opportunity to realise their potential and their abilities. Such opportunities exist, and that is very good
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
The main thing about the companies’ development and the creation of new technologies is, of course, human capital. Therefore, the role of the government is to ensure the high level of human capital supply
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
Many small or medium-sized companies emerge; the smaller companies that also bring up new ideas and new technologies within. It is important to understand that Russia provides opportunities and places for self-realisation
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
We simply should not interfere [with the development of national champions], there is nothing else to do. They will manage on their own
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
Even in the public sector, the technologies that we use are recognized in the world. For instance, the tax revenue service: the technological solutions implemented there serve as an example for many other countries. We even work with certain countries to share these technologies as a package for tax administration
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
If you look at the basic macroeconomic statistics related to demographics, population dynamics and population structure, it becomes obvious that the extensive growth of Russia’s economy is not possible, therefore, growth can only be based on increased returns per each member of the workforce. Clearly that is only possible through using new technologies, increasing productivity and optimizing processes. This tech agenda is important not as something in and of itself, but important for each sector of the Russian economy, because only through this kind of move forward the entire economy of Russia will advance
24.01.2019
Russia House in Davos 2019
Russia – One Step Ahead
We have much to be proud of in almost every industry. We have global leaders among tech companies. Rosatom, for example. The company is the acknowledged world leader in terms of nuclear reactors. There are many other technologies that exist in this field. Russia is building nuclear reactors in such countries as Turkey, India, Finland, and Hungary. All around the globe we participate in joint projects with Japan and other countries
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
We need to actively promote success stories that we already have and talk about positive trends, how to do business, and that this isn’t as big of a problem as it seems to many, and show that you can achieve great success in this way
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
Another aspect is related to shadow employment and shadow competition. A separate project is being implemented in this regard to get the self-employed involved in the legitimate stream of commerce. This means creating new tax regulations with a rate of 4% when providing services or selling goods to individuals and a 6% rate when providing services to legal entities
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
The most costly project in terms of budget funds associated with the new programme is the subsidization of interest rates for SMEs. The key product that the end borrower will receive is a loan at a rate of the key interest plus 2%, but no more than 8.5%. So it’s a rate that is acceptable and substantially lower than the average level of the borrowing cost on the market. We need to reach a point under the programme where the volume of loans granted exceeds RUB 1 trillion
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
We see that the share of people who want to open a new business and want to start their own business is not very high, and this is a problem that needs to be addressed
12.09.2018
EEF 2018
Russia–Japan
This year’s turnover growth is approximately 20% year over year. It’s growing beyond such traditional sectors as energy. New pharmaceutical productions are being launched, new healthcare centres are being opened, new projects on improving quality of life in cities have been implemented. By the end of the year, we expect USD 21–22 billion of turnover. Already in 2019, the Russia–Japan turnover is going to exceed the Russia–USA turnover
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
Everything is in full compliance with international requirements. Our goal is not to create some sort of ‘black hole’ to hide money or something like that. All data will be open for the state and for inspection authorities, all financial flows will be accounted for both at the Tax Service and at the Federal Financing Monitoring Service, that are actively engaged with the FATF (Financial Action Task Force). There are absolutely no blind spots here
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
We are planning to move on. It means issues of technology regulations and other regulations. We would not like to create ‘holes’ that would suck in money, from the perspective of financial flows, from the perspective of tax flows. It’s crucial, however, to create a convenient environment for business to develop here. It’s about control and supervision and many other issues – this is what we are going to work on now, drawing up a second, a third legislative package
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
What we have achieved so far is amendments to corporate legislation, creation of a new element known as ‘international companies’, and an opportunity for redomiciliation. We have been working very hard on establishing a procedure that would allow taking a company from one jurisdiction and transfer it to another, while preserving tax conditions for this company unchanged, and getting additional budgetary incomes. This is the first stage of developing special administrative districts
25.05.2018
SPIEF 2018
Russia–Japan
e have been working for two years in the eight directions offered by Prime Minister Abe and President Vladimir Putin and they are being augmented with new dimensions. I’m talking about digital economy and labour productivity. They crosscut every sphere. It means that the number of projects will only be increasing
25.05.2018
SPIEF 2018
Russia–India
Potential of the Russian-Indian economic relationship is huge. But so far the trade volume is not very high. There is a number of problems that are hampered by trade restrictions, logistical and financial difficulties. Russian companies don’t always understand their prospects in India, Indian companies don’t always understand what they can achieve in Russia
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
We have a market economy, not a planned economy. <...> The extent to which our banking system will operate effectively, and the level of quality at which Sberbank will operate depends largely on whether we achieve economic growth or not. That is the market economy. The role of the state is to create the conditions for the banking system to develop, so that existing segments of the economy grow, and new ones appear
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
Increasing household savings is a key factor. In order to achieve this, we need to create a mechanism for long-term savings. If, over the next six years, we do not see the appearance in Russia of a strong [...] contributory pension system and life insurance system, then there is of course little point in talking about a significant increase in investment
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
When the state takes on operating expenses, nothing good ever comes of it. When working on infrastructure [...] the main prerequisite is that this infrastructure brings about an increase in private investment, and leads to a significant improvement in people’s quality of life
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
If we look at the demographic forecast, the basic scenario is that we stand to lose 3.5 million people in the working population over the next six years. This is a huge challenge. Unemployment in the country has reached record lows, and salaries are increasing at a rate higher than has been the case for many years. All of this suggests that our deficit in the labour market is only set to grow further
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
If we do nothing, then there is a risk that growth could slow to 1%
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“We are striving to improve the quality of life. This should appeal to foreign work force, as well to our own human resources potential to stay and work in the country,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“Russia is a diverse country. Practically every industry here has a place where it belongs. We can join the global production chain, and this is a way to go,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“The pharmaceutical industry is a sensitive matter. There are some deep issues aside from certification. We negotiate with manufacturers. We hope to find solutions that one the one hand shall not harm consumers, and on the other, would welcome new production capacities,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“The last few years have been turbulent, primarily on the political arena, which in turn has affected the economy. But those companies that invested back then are now reaping the fruits of those decisions. And these results are good: looking at the statistics, we see a number of major deals and the improvement of the investment climate. We see the growth of foreign direct investment,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“Import substitution is one of the ways to respond to sanctions,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“Sanctions restrict the import of technologies due to the political situation. Not all global companies want to bring their technologies here. This is a matter largely related to the information technology. We actively work with Chinese and Korean partners, who bring new technologies. Some areas are better than others, for example offshore oil production,”
25.01.2018
Russia House in Davos 2018
Russia: New Production Hub
“Adequate rouble stability is the result of the system we have set up several years ago: on the one hand we are addressing inflation, trying to stabilize it, on the other, we have suitable tax and financial leverage that would allow us to negate oil prices reliance. The recent and current reforms set the conditions for long-term stability. In turn, stability is essential for producers, especially if Russia is in the middle of the production chain. A stable exchange rate allows for predictable profitability and return on investment,”