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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Vladimir Sitnov

Vladimir Sitnov

Senior Vice President, Sberbank
Quotes
06.09.2022
EEF 2022
Forestry: From Raw Material to End Product
The geography is changing dramatically, but it is fortunately only changing on paper. Everything we have been selling, we are selling in roughly in the same areas. It is just sold through trading houses registered in Singapore jurisdictions. <...> So, I would recommend thinking about it – registering a trading house in a country with a friendly jurisdiction is not a big deal
06.09.2022
EEF 2022
Forestry: From Raw Material to End Product
The likelihood of losses in the forestry industry, despite all the difficulties and cataclysms that are now occurring, is four times better than in the real sector as a whole. That is why this is a priority for us: we have not closed any limits
06.09.2022
EEF 2022
Fishing Industry: New Horizons
The trend that I can note is financing the industry in Chinese yuan, and other currencies will come sooner or later. This is a fairly large and wonderful trend. So overall, we are optimistic: there is money and there are significant rouble resources in the bank and in the banking system. <...> I will repeat: <...> dollar and euro in revenues: this will not always be the case. We must prepare for this, of course, because it can happen quickly. I would not want us to come to this point unprepared
02.09.2021
EEF 2021
The Far Eastern Agricultural Complex: A Driver of Growth or a Missed Opportunity?
The key issue is investment – long-term investment in storage facilities and logistics. We need 10–15-year investments, and Sber is in a position to offer these. <...> This is also vital for unlocking export potential
02.09.2021
EEF 2021
The Far Eastern Agricultural Complex: A Driver of Growth or a Missed Opportunity?
Currently, it can be difficult for producers of goods in the Far East to find new sales channels in the Asia-Pacific region. The Russian Export Center, Sber, and other institutions are working to meet the wishes of both their customers and potential exporters, and are offering many forms of non-financial support
04.09.2019
EEF 2019
From Raw Materials to Advanced Processing: Achieving Growth in the Forestry Sector
The problem of pricing transparency, transparency of the information source that exists in the industry, is really important. <…> As a result, no more than 10 out of 100 applications are ready for financing with the total of RUB 50–60 billion. Sometimes the prices for raw materials and end products are unreasonable; sometimes expectations do not correspond to forest ratios; sometimes processing resource is not confirmed by the source at the product entrance – this is not a bankable situation
04.09.2019
EEF 2019
From Raw Materials to Advanced Processing: Achieving Growth in the Forestry Sector
We can see the potential of the industry. Last year the amount of investment in Russia was RUB 165 billion of capital expenditure, which is, according to different estimates, from 0.13% to 0.14% of GDP. In Finland it is four times more. So, there is room for improvement
04.09.2019
EEF 2019
Investing in the Fishing Industry: Achievements and Next Steps
Today we will finance even the auction crab deals for up to 15 years. The good news is that we do have such resources. We have already made a number of decisions concerning 12-year financing, which is a challenging term for the market. And it is crucial that at the horizon of 10–12–15 years the regulatory framework does not change dramatically
04.09.2019
EEF 2019
Investing in the Fishing Industry: Achievements and Next Steps
In the financial framework the [fishing, – Ed.] industry looks pretty good. Average EBITDA profitability exceeds 40%. Debt to EBITDA ratio is less than 5, which means that an average enterprise can easily settle accounts over the period of five years. And, in general, the fishing industry portfolio is quite healthy, as we finance 70% and lead the largest part of the market
06.06.2019
SPIEF 2019
Are Global Climate Challenges Restricting or Driving Development?
Financial institutions must play a large role in financing solutions to climate issues. Sberbank currently has a positive view of the renewable energy market
14.02.2019
Russian Investment Forum 2019
Exporting Agricultural Output: The Regional Agenda
Today, we have around 42,000 companies exporting non-commodity goods in our database. And all of these come up against virtually the same problems, which primarily have to do with promoting their products in international markets. These problems are easiest to solve by working together at a federal level, so these kinds of programmes and national projects are essential