Business programme

Russian Banking on the Path of Sovereign Development: Realignment for Advancement

16 Jun , 12:00–13:00
The Russian Economy: From Adaptation to Growth
Congress Centre, zone D, conference hall D3
In partnership with VTB Bank

The Russian banking sector has withstood the sanctions blow and is successfully adapting to the new geo-economic context. Two principal tasks are currently on top of agenda. The first one is getting back on sustainable growth and profitability track. Equally important is pooling adequate financial resources to deliver a breakthrough in key areas of economic development. The phrase "invest not save" should clearly emphasize the former option. How have Russian banks restructured their domestic operations? What role has the regulator played? What new challenges do Russian banks face abroad and how do they deal with them? Is the sector able to mobilize resources for a ‘qualitative leap’? Where can long-term money for priority development projects be found? What new roles do financial institutions, private investors and regulators now play? Does the Russian stock market have a future? Is ‘financial sovereignty’ an irreversible trend or just a buzz-word? What is this trend driven by? Digital rouble and reliance on the domestic IT industry as a means to strengthen financial sovereignty.

Alexander Kareevsky, Economic Observer, Russia 24 TV Channel

Anatoly Aksakov, Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets
Andrey Kostin, President and Chairman of the Management Board, VTB Bank
Olga Skorobogatova, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Mikhail Sukhov, Chief Executive Officer, Analytical Credit Rating Agency
Ilya Torosov, First Deputy Minister of Economic Development of the Russian Federation
Petr Fradkov, Chairman, Promsvyazbank