Programme

THE BIG SHIFT TO DOMESTIC SOURCING OF CAPITAL

Russia: Seizing the Opportunities
Panel Session
Pavilion 5, Conference Hall 5.3

Long-dependent upon global investment funds for corporate financing, Russia is shifting to a more diversified approach with an increase in domestic public capital markets as a primary source of funding. What steps should be taken to secure the availability of funds? How can this change the methods used to finance infrastructure projects?

Moderator:
Ekaterina Trofimova , Chief Executive Officer, Analytical Credit Rating Agency (ACRA)

Panellists
Alexander Afanasiev , Chairman of the Executive Board, Moscow Exchange
Anton Drozdov , Chairman of the Board, Pension Fund of the Russian Federation
Alexei Moiseev , Deputy Finance Minister of the Russian Federation
Nikolai Podguzov , Deputy Minister of Economic Development of the Russian Federation
Jim Rogers , Chairman, Beeland Interests Inc
David Staples , Managing Director, EMEA Corporate Finance Group, Moody’s
Pavel Teplukhin , Chief Country Officer, Deutsche Bank Russia
Sergey Shvetsov , First Deputy Governor, Central Bank of the Russian Federation
Alexey Yakovitskiy , Global Chief Executive Officer, VTB Capital Holding

Broadcast

Key moments

We have no problems with the multiplication of capital – banks can easily refinance with the Central Bank. We have problems with the buyers and borrowers of money because the level of information disclosure and corporate governance is insufficient for investors.
Sergey Shvetsov
When we talk about the domestic capital market, about 50% of which we receive from non-residents – this is domestic money coming full circle, returning to the Russian economy.
Sergey Shvetsov
Pension money is a significant source of investment given its duration and conservatism.
Anton Drozdov
Talking about the insurance market – we should support this sector, as it constitutes collective investment that might provide our economy with the most long-term finance.
Sergey Shvetsov