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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Ilya Torosov

Ilya Torosov

Deputy Minister of Economic Development of the Russian Federation
Quotes
03.09.2021
EEF 2021
Climate Change: Is it Still a Question of Money?
Our condition is that we will not refuse to use coal, and there will be regions where coal will be used
03.09.2021
EEF 2021
Climate Change: Is it Still a Question of Money?
We have prepared taxonomy on green finance which the Government also has. This will help us get the Russian taxonomy and determine which project is considered green and attract investment, including from abroad, for an energy shift
03.09.2021
EEF 2021
Transition to a Sustainable Development Trajectory: Strategy, Resources and Implementation Tools
We have prepared four scenarios for low carbon development until 2050. [...] Nuclear energy will grow from 20–22% of the current energy balance to 37%, depending on the scenarios; we plan to reduce coal from the current 13% to 5% in the intensive and aggressive scenarios. We hope to occupy a niche in the global hydrogen energy market. [...] We are facing a challenge in the international arena — namely, to verify the entire architecture of low-carbon development within Russia and to prepare the country for an energy transition
04.06.2021
SPIEF 2021
Quality Infrastructure Projects: How Are Investor Attitudes Changing?
As you know, we are working to change the law. I’m pleased to say that finally all the debate on, shall we say, the territory of the government is over. We have agreed on everything and have already submitted to the Main Legal Department of the Russian President amendments to the law, which actually allows us to organize normal work. We have been waiting for this for four years [...] Now what are the main points of the amendments? It’s an incentive for private initiative. Now it’s possible to reimburse the costs of preparing documents. It’s a financial model, valuation, and [design and estimate documentation] if the initiator of the tender [...] did not win as a result of the tender. Moreover, this money will be reimbursed at the expense of the future winner. We think we haven’t discussed this with anyone yet. About 2–3% of the project cost is to limit these payments so that there is no abuse. We understand that it was necessary to clearly define the concepts of the capital grant, the concessionaire’s fee, the minimum guaranteed income, and special circumstances
04.06.2021
SPIEF 2021
Quality Infrastructure Projects: How Are Investor Attitudes Changing?
The issue of infrastructure for Russia, in particular for the Ministry of Economic Development, is one of the most important themes. We understand that investment in the infrastructure of the Russian Federation makes up 5% of GDP. Over the past five years, from 2015 to 2020, this [figure is RUB] 28 trillion. If we clear this [RUB] 28 trillion of government money and state corporations, we get around [RUB] 7 trillion. Every 10 roubles is [public-private partnership, municipal-private partnership], and concessions. We understand that this is also a driver and the key driver, including investments [...] for our country. In this regard, we are actively developing this market. Now this market is [RUB] 1 trillion, and private investment makes up [RUB] 700 billion
03.06.2021
SPIEF 2021
Low-carbon Development and Climate Policy: Opportunities for Russian Businesses on the Global Decarbonization Agenda
We have already prepared a carbon regulation and a law limiting greenhouse gases […] I hope that in the near future we will already adopt our basic law on carbon regulation, which has basically formed the architecture and conceptual framework and created an opportunity for the emergence of the voluntary climate projects that businesses wanted
03.06.2021
SPIEF 2021
Low-carbon Development and Climate Policy: Opportunities for Russian Businesses on the Global Decarbonization Agenda
We have great prospects for low-carbon development. That’s what our ecosystem is – the forests of the Russian Federation make up 20% [of all forests in the world]. We can be the beneficiaries of the entire green agenda. The main thing for us as a country is to be ready for this and to create all the infrastructure, which is what the state is doing right now. The task for the next year is to come up with a national regulation on limiting greenhouse gas emissions. We are doing this, and pilot projects and the basic bill are already on the way. [Another task] is to complete work on creating sectoral region-based plans for adaptation. We believe this will make it possible to prepare our country for the global energy transition, for a new technological order and, as a result, to preserve Russia’s leading position as an energy superpower
03.06.2021
SPIEF 2021
New Directions and Sources of Financing for the Green Agenda
The government’s job is to create a methodology and playbook for the market. […] We have a roadmap to support green finance. We are already discussing it with our colleagues from the Ministry of Finance and the Central Bank. […] We have already taken some steps and are trying to synchronize Russian taxonomy within the framework of the Asian Parliamentary Assembly. We want to create an investment methodological centre. […] Our job is to comprehensively approach the entire climate package. We want to complete the roadmap within two months
03.06.2021
SPIEF 2021
New Directions and Sources of Financing for the Green Agenda
The Ministry of Economic Development is currently drawing up a comprehensive programme, the so-called ‘big climate package’, which consists of a basic law on the regulation of greenhouse gases. Carbon units, climate projects, and virtually the entire conceptual framework and architecture of the future market are also emerging. […] We have created a working group in the Ministry of Economic Development to develop a ‘green taxonomy’. […] I hope the Prime Minister will sign a directive in the near future and a ‘green taxonomy’ will appear in the Russian Federation
04.09.2019
EEF 2019
Special Administrative Districts: One Year on
Should a business have questions regarding specific aspects of the procedure, I would advise writing to the Ministry of Economic Development. We will provide an official response with my signature within a week. It will clearly outline everything, and the information can subsequently be presented in print form
04.09.2019
EEF 2019
Special Administrative Districts: One Year on
Interest in special administrative districts is growing with each passing day. We are delighted to see this, but at the same time, we understand that we have to do more, and we have prepared a so-called third package of improvements. What does this encompass? First of all, it involves increasing the number of countries where companies qualify for redomiciliation
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
This is a new thing even on the global level. First such projects were launched in 2010. <…> There are only 130–140 projects worth USD 450 million in the world
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
The main problem that we are facing is the target use of budget funds; making sure that they are spent in a right way
06.06.2019
SPIEF 2019
Partnerships Between the State and Society to Provide Social Guarantees
There is a request from the society. According to sociologists, over 90% of corporate employees in Russia believe that the social impact of company activities is way more important than the economic one
06.06.2019
SPIEF 2019
Corporate Social Responsibility as a Driver of Sustainable Development
A draft bill on public financial reporting has been drawn up. Large companies – both public and private – with revenues of 10 billion and more will have to disclose their information [on a mandatory basis, – Ed.]
06.06.2019
SPIEF 2019
Corporate Social Responsibility as a Driver of Sustainable Development
Public financial reporting is vital for transparency, business responsibility, and investment attractiveness. Russia does not currently have public financial reporting standards. They have not been brought in line with international standards. This is a problem that we are aware of and which we want to correct. A strategy to develop public financial reporting was adopted in 2017. <...> There is a global financial report disclosure rating, in which Russia occupies 22nd place, with Brazil and China in 8th and 13th. We see this as not good enough, and we understand that the situation must be corrected
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
Currently our market is not yet formed. Therefore, we believe that investors should also be supported. So, we plan to discuss complete or partial renunciation of interest income tax for ‘green’ stock <…> to spread ‘green’ stock in a similar way to high-tech stock, maybe using the income tax rate for the conversion of such stock
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
The ‘Ecology’ project accounts for 3.2 trillion roubles of off-budget expenditures that we have to finance with ‘green’ stock
15.02.2019
Russian Investment Forum 2019
Green Financing: Developing the Responsible Investment Market
The market of ‘green’ stock has already reached USD 390 billion. <…> Each global centre has a section of ‘green’ stock. <…> In Luxembourg a separate ‘green’ stock exchange has been established. The world has been living with ‘green’ stock for a while