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June 2017
18 June
Panel Session

ECONOMICS: FRANK ANSWERS TO PRESSING QUESTIONS

11:00-12:00 Pavilion 8A, Congress Hall
The level of uncertainty about future economic trends remains very high. Experts err in projections, and the government often needs to change plans in response to new dynamics. Political aspects often take center stage clouding judgment on the merits of economic issues. How does one avoid wishful thinking in this situation? Has the crisis bottomed out in Russia? What will happen with the Rouble? Are we to expect an new wave of the global crisis?
Moderator:
Konstantin Remchukov, General Director, Editor-in-Chief, Nezavisimaya Gazeta
Panellists:
Herman Gref, Chief Executive Officer, Chairman of the Executive Board, Sberbank
Alexey Kudrin, Chairman of the Board, Center for Strategic Research; Deputy Chairman, Economic Council under the President of the Russian Federation
Igor Shuvalov, First Deputy Prime Minister of the Russian Federation

Highlights

We don’t want a complete turn eastwards. We simply want to trade with the East just as much as the West. Cutting off trade with the West has never been on our agenda.

Igor Shuvalov
First Deputy Chairman of the Government of the Russian Federation

Russia’s main problem today is structural disparities. Not a single serious structural issue can be solved in the framework of a three-year plan.

Alexei Kudrin
Dean, Faculty of Liberal Arts and Sciences, St. Petersburg State University

It is better to look to the future instead of the past. We need to quickly build the kind of economy that the future demands.

Herman Gref
Chairman of the Management Board, Chief Executive Officer, Sberbank

A crisis is always the result of bad management.

Herman Gref
Chairman of the Management Board, Chief Executive Officer, Sberbank

The representatives of those countries actively advocating sanctions also say that the idea of a large Europe, from Lisbon to Vladivostok, is still on the table.

Igor Shuvalov
First Deputy Chairman of the Government of the Russian Federation

In regards to where we are now in terms of growth, we are right in the middle of a storm.

Alexei Kudrin
Dean, Faculty of Liberal Arts and Sciences, St. Petersburg State University

We need ambitious development plants! If we don’t, we will face major risks. We also need to combine high growth rates with qualitative growth.

Igor Shuvalov
First Deputy Chairman of the Government of the Russian Federation

At this time

11:00-12:00 Pavilion 8A, Congress Hall

OPENING OF THE FORUM