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 209 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 212 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 86 countries worldwide, and 293 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

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.

Mikhail Zadornov

Mikhail Zadornov

President – Chairman of the Management Board, Otkritie FC Bank (2018-2023)
Biography
President — Chairman of the Management Board (2018-2023)

Mr. Zadornov graduated with honours from the Economics faculty of the Plekhanov Moscow Institute of the National Economy in 1984. He completed his studies at the USSR Academy of Science’s Institute of Economics, and in 1989 received a PhD in Economics.

In 1990, Mr. Zadornov was one of the economists appointed by the RSFSR’s Council of Ministers to the State Commission for Economic Reform, which was headed by Grigory Yavlinsky, and was responsible for developing the 500 Days program, which outlined the transition from the Soviet to market economy.

In December 1993, Mr. Zadornov headed the Duma committee for the budget, taxes, banks and finance. In 1997, Mr. Zadornov was appointed to the Board of directors of Sberbank. That same year, he was invited to join the Government of the Russian Federation. He served as Minister of Finance of the Russian Federation until May 1999.

From 1999 to 2005, Mr. Zadornov was Deputy Chairman of the Duma committee for budget and taxes.

Since 2005, Mr. Zadornov has served as President and Chairman of the Management board of VTB 24, where he was in charge of the retail bank within VTB Group.

Mikhail Zadornov is also Chairman of Rosgosstrakh’s Board of directors.
Quotes
16.06.2022
SPIEF 2022
The Future of Banks: The Transformation of Business Opportunities
There are two subjects – 2021 compared to 2020 – the number of mandatory 115-FZ notifications quadrupled; with respect to certain categories, banks have to notify Rosfinmonitoring of operations from one thousand roubles, this involving, I believe, absolutely pointless work. Time after time, we have proposed and the Central Bank has apparently agreed to raise the figure to a reasonable sum, at least to 10 thousand roubles. The second subject is the law on archiving. Storage is for 3–5 years. A whole series of objectively outdated rules and regulations should be changed, this not only providing an opportunity for technological advance, but also allowing themselves to avoid senseless work, and there will be substantial overall cost savings
16.06.2022
SPIEF 2022
The Future of Banks: The Transformation of Business Opportunities
A new infrastructure is needed not so much for the banking market but for the financial market as a whole, that is, for investments, for investments by individuals and for investments by small businesses, which had also started using the products. It is clear here that a new, modified infrastructure is needed on the investment market. At the same time, it seems to me, the Central Bank could demonstrate initiative or it would be easier for banks together to build, by combining their efforts, a mobile app on a new architecture than for us all separately to try to build our own individual system
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