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, 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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Nikolai Zhuravlev

Nikolai Zhuravlev

Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation
Quotes
07.09.2022
EEF 2022
Russia's Financial Sector Transformation: Preliminary Results
First of all, we need to restore confidence in the financial sector and the financial market in the nearest future. Here it is very important [to maintain – Ed.] the right rhetoric on the part of the government. <...> It is necessary to bring back the transparency in the statements from our listed companies, because the financial market is unthinkable without it. It is necessary to develop the stock market. <...> It is necessary to restart individual investment accounts, to make them a real tool for long-term investments of citizens
07.09.2022
EEF 2022
Russia's Financial Sector Transformation: Preliminary Results
Obviously, the world's leading currencies – primarily the dollar and the euro – have discredited themselves. Now, the whole world has seen ‘who is who’. This will certainly stimulate even non-sanctioned countries to switch to national currencies. This will stimulate the creation of economic macro-regions. At the same time, the longer this will last [the sanctions – Ed.], the greater will be the share of settlements in national currencies. We can already see in Russia that during the last six months settlement in yuan has increased from 0.4–0.5% to over 20%, while only a few months have passed
07.09.2022
EEF 2022
Russia's Financial Sector Transformation: Preliminary Results
We learned how to implement anti-crisis policies quickly. The Government and the Central Bank were quick to take decisions, such as regulatory relief, various breaks, the moratorium on bankruptcy... preferential lending programmes, which certainly helped our industries to withstand
16.06.2022
SPIEF 2022
A New Economic Policy for SMEs
We believe regional industrial development foundations to be a very important and effective mechanism. There’s the preferential rate and a fairly wide range of industries there, and it seems to me that this programme is worth developing
16.06.2022
SPIEF 2022
A New Economic Policy for SMEs
Given the way risks in the economy continue to grow, for obvious reasons, the rates to cover the risks also continue to grow, and it seems to us that state support subsidies through lending programmes should be expanded to include new types – mezzanine lending, crowdfunding, and so on
16.06.2022
SPIEF 2022
A New Economic Policy for SMEs
Many inspections, given that people need something to keep them busy, have gone to the budgetary sector. Neither is it easy for budgetary employees, budgetary enterprises, so it has to be controlled at the regional level, so that supervising and verifications don’t spread to other sectors that don’t deserve to be checked from morning till night now too. The same work as the federal moratorium on inspections, of course, should be carried out by the governors, too, within the scope of their powers
16.06.2022
SPIEF 2022
A New Economic Policy for SMEs
I would like to draw your attention to the fact that... the government’s task is to make sure that support measures for small businesses, and indeed for all industries, for large ones too, are comparable in every region. At least comparable, if not identical. Because the situation here is as follows: at the federal level we have adopted a measure of support for systemic enterprises, for small businesses. Yes, it is very important. Then the wealthier regions provide their additional subsidies, their support measures for their own regional enterprises. Yes, it’s a very good thing, but what about the regions that can’t afford it because of budget constraints? Once again, it’s the regions that can afford to support their enterprises that develop
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