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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Nikolai Zhuravlev

Nikolai Zhuravlev

Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation
Quotes
04.06.2021
SPIEF 2021
Tackling Offshoring: Combatting Capital Flight and Improving Russia’s Investment Climate
It’s trite, but a lot of what has been said at the forum today, of course, deals with the investment climate and the invariability of business conditions. A big step has been taken in this regard through the law on investment protection and promotion agreements, and we need to expand it further, ratchet it up in the regions, and further extent the industries that have already been expanded and the reduced thresholds to the regions. We must continue this work. The invariability of the business environment is also very important for the de-offshorization process
04.06.2021
SPIEF 2021
Tackling Offshoring: Combatting Capital Flight and Improving Russia’s Investment Climate
Special administrative regions are a very important topic and a very important set of laws that has been adopted. Unfortunately, we aren’t seeing any queues yet. We have a bill prepared by the Ministry of Economic Development that I think is in the government and has very good provisions, in particular, a provision on controlling entities and the invariability of the equity interest and many other things that need to be corrected. But, unfortunately, it’s still in the government and hasn’t been sent to the Duma. It’s essential […] to adjust our national legislation and provide the possibility to preserve the validity of the legislative norms and corporate governance rules of the states from which the resident moved. It seems to be spelled out, but it doesn’t fully work [...] We need to think about how to modernize [legislation] as much as possible for those companies that are ready to relocate, so that it does not constrain the adoption of the appropriate decisions
04.06.2021
SPIEF 2021
Tackling Offshoring: Combatting Capital Flight and Improving Russia’s Investment Climate
Our currency legislation is really old. It was drafted in the 1990s. Obviously, a lot has changed over this time. It is constantly being fine-tuned and improved. Fines have been reduced, and numerous exemptions for repatriation have been made. But the law is still overloaded. By and large, it’s even impossible to read and requires substantial revision in accordance with the new priorities
04.06.2021
SPIEF 2021
Tackling Offshoring: Combatting Capital Flight and Improving Russia’s Investment Climate
The pandemic has only exacerbated this situation. We had capital outflow of around [USD] 50 billion last year, as far as I understand. Of course, we need to continue fighting this evil very actively from the standpoint of the state. Our position is absolutely unambiguous in this regard, and the chairman of the Federation Council has repeatedly voiced it: taxation should provide incentives for keeping capital in the country, investing in production, investing in cities where manufacturing companies operate, and quite possibly even in social facilities, rather than withdrawing money in the form of dividends, including in offshore jurisdictions