How Digital Platforms and Ecosystems are Transforming the Economy
Domestic demand became a source of growth in the physical volume of Russia’s GDP in 2023, with household spending increasing by 6.1%. The consumer sentiment index continues to rise, reaching its highest level since 2013 in the first quarter of 2024. The Russian e-commerce sector has recorded nearly 240 million unique buyers, with digital platforms accounting for 60% of online trade. Platforms in other industries are also rapidly developing. Another trend that cannot be ignored is the development of the ecosystem business model. Leading digital platforms are expanding far beyond their original sectors, developing a wide range of products, monetizing their multi-million customer bases, and leveraging accumulated data. In other words, digital platforms and ecosystems are not just a new economic business model but a new economic paradigm: the platform economy. However, government regulation often struggles to keep pace with these large-scale transformations, especially given the rapid development of platform solutions. What is the role of digital platforms in ensuring the economic and technological sovereignty of the country? Is there a need for adjustments in state policy in this area? Will market forces alone be enough to ensure sufficient competition among ecosystems? Is special regulation necessary for platform workers, and should social products be created for them? In tax administration, can digital platforms be used as new tools for tax compliance? Could platform arbitration serve as an alternative to traditional courts?
Moderator
Andrey Sharonov,
Chief Executive Officer, National ESG-Alliance; Chairman of the Supervisory Board, Association of Digital Platforms
Panellists
Anatoly Aksakov,
Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets
Stanislav Bliznyuk,
Chairman of the Management Board, Tinkoff Bank
Maxim Kolesnikov,
Deputy Minister of Economic Development of the Russian Federation
Yaroslav Kuzminov,
Academic Supervisor, National Research University Higher School of Economics; Coordinator of the Expert Council under the Government of the Russian Federation
Sergey Piven,
Managing Partner for Business Support, Avito
Vladimir Chistyukhin,
First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Front row participants
Sergey Belyakov,
Managing Director, Ozon
Aleksey Dukhanin,
Executive Director, Wildberries
Ekaterina Papchenkova,
Deputy General Director, Center for Strategic Research
Anton Petrakov,
Director for Government Relations, Yandex.Taxi
Pavel Rastopshin,
General Director, Ultimatec
Alexey Chukarin,
Director of the Department of Digital Transformation and Coordination of Budget Expenditures, Ministry of Digital Development, Communications and Mass Communications of the Russian Federation