Despite the current political climate, businesses in Russia, the United States and Canada have not been dissuaded from building on the economic ties that have been fostered over the previous few decades. The adoption of radical measures to improve the business climate will create a number of new business opportunities. What specific measures will facilitate the implementation of effective strategies for future development? What strategic decisions would best support sustainable development and investment today?
Moderators Alexis Rodzianko ,
President, American Chamber of Commerce in Russia David Iakobachvili ,
Vice President, Russian Union of Industrialists and Entrepreneurs (RSPP); President, Orion Heritage
Alexis Rodzianko
President, American Chamber of Commerce in Russia
Alexis Rodzianko, President and CEO of the American Chamber of Commerce in Russia, came to this role after three decades as a banker in New York and Moscow. He held senior positions in IFC Metropol, Credit Suisse, Deutsche Bank, and JP Morgan in Moscow from 1995 through 2013. Previously he was a senior banker at Chemical Bank in New York in the Emerging Markets business of the bank. He serves as an independent member of the Board of SKB Bank in Russia and is a member of the Board of Centurion Capital (a Russian microfinance company). Before receiving his MBA from Columbia University in 1980, he served as interpreter at the SALT II negotiations in Geneva. He is a 1973 graduate of Dartmouth College. A fluent Russian speaker, he owns the Moscow Polo Club and represents Russia at the International Polo Federation (FIP). He is married and lives in Moscow with his wife Inna.
David Iakobachvili
Vice President, Russian Union of Industrialists and Entrepreneurs (RSPP); President, Orion Heritage
David Iakobachvili is one of the founders of the largest Russian company – JSC Wimm-Bill-Dann – the manufacturer of dairy products, juices and beverages. In 2001 JSC Wimm-Bill-Dann issued shares and successfully signed on the in the NISE. For more than ten years David Iakobachvili was the Chairman of the Board of Directors of this company. In 2011, PepsiCo bought the company. At present David Iakobachvili is the President of Orion Heritage Ltd, joint proprietor of Petrocas Energy Holding Ltd, and a Deputy Chairman of the Board of Directors of Sistema JSFC. He is a member of the steering bodies of influential Russian and international organizations. David Iakobachvili is the Vice President and a member of the BUREAU of board of Russian Union of Industrialists and Entrepreneurs (RUIE), Head of RUIE Committee on Corporate Social Responsibility and Demographic Policy, Head of the United Committee on Ethics within the framework of RUIE, a member of the Task group of RUIE BUREAU of board on financial stability and economic growth. He is a member of the Board of Directors of Chamber of Commerce and Industry of the Russian Federation (ChCI RF), President of the Russian-American Business Council, Chairman of the Directors Board of RusBrand non-commercial partnership, a member of Coordination Council on protection of intellectual property, a member of the General Council of “Business Russia” LLC, and a member of the World Economic Forum in Davos. He is the chairman of the Target group on job creation, unemployment and investments into the human capital of B20, the member of the International Business Advisory Council (IBAC was created within B20 in 2015), a member of Association the French-Russian dialogue, a member of Advisory Council on food security, a member of the Presidential international Council of University of New York (NYU), a member of Bureau of Presidium of the Russian-Jewish congress. David Iakobachvili is a member of the Public Council within the framework of the Ministry of Culture of the Russian Federation, a member of the Public council of the Ministry of Construction, Housing and Communal services of the Russian Federation. David Iakobachvili is a member of the Musical Box Society of Great Britain.
Panellists Matthias Berninger ,
Global Head of Public Policy, Mars Incorporated John Wories ,
President, Amsted Rail Valeriy Draganov ,
Chairman of the Board of Directors, Coalco Development Anatoly Karachinsky ,
President, IBS Group Sergey Kravchenko ,
President, Boeing Russia/CIS Daniel Russell ,
President, Chief Executive Officer, US–Russia Business Council (USRBC) Paul Rollinson ,
President, Chief Executive Officer, Kinross Gold Corporation Zakhar Smushkin ,
Chairman of the Board of Directors, Ilim Group
Clyde C. Tuggle ,
Senior Vice-President, Chief Public Affairs and Communications Officer, The Coca-Cola Company Robin Wittering ,
Partner, Egorov Puginsky Afanasiev & Partners Oleg Fomichev ,
State Secretary, Deputy Minister of Economic Development of the Russian Federation William Shor ,
Managing Director, Caspian VC Partners Ltd
Matthias Berninger
Global Head of Public Policy, Mars Incorporated
Matthias Berninger was born in Kassel, Germany where he studied chemistry and political science from 1990 to 1994. Matthias Berninger was elected between 1994 and 2007 four times as a Member of the German Federal Parliament representing the Green Party of his home state Hessen and served in several committees (Education, Science and Technology, Budget, Economic Affairs). From 2001 to 2005 he served in the Federal Government as Vice-Minister for Consumer Protection, Nutrition and Agriculture. The main focus of his time in government was on agricultural reform in Germany and Europe including trade policy, food safety and renewable energy. From 2004 to 2007 he was leading the Green Party in Hessen, Germany. Matthias was involved in running political campaigns for his party on various elections federal and state level. After 13 years in Politics Matthias retired in 2007 from his seat in the Federal Parliament and joined Mars Europe as Director Corporate health and Nutrition for Europe and the CIS. One of his core responsibilities was to globally facilitate the development of the Mars Health and Nutrition Strategy. In April 2008 Matthias moved into the role of Global Head of Public Policy for Mars Incorporated. In his new role he continued to work on the Health and Nutrition Strategy for food and snackfood. Additionally, he led a global team to develop a cocoa sustainability strategy for the corporation. Matthias joined the Global Chocolate Management Team of Mars Incorporated in 2009. In addition to his corporate responsibilities he supports Mars Chocolate in communication and strategy development. In September 2009 Matthias was promoted as Vice President with responsibilities for the Global Public Policy and Programs team and the Public Affairs teams in Washington DC, Brussels, Moscow, Asia, Latin America, Africa and Middle East reporting into him. He also leads the global trade team within Mars, Incorporated. He lives with his wife and children in Washington, D.C.
John Wories
President, Amsted Rail
Mr. Wories started his career at Amsted Rail in 1970 as an accountant and then a supply agent. He advanced through one of the key enterprises of the organization – ASF-Keystone – becoming Director, and then Vice President and President. Simultaneously in 2005-2006 Mr. Wories acted as President of Amsted Rail International and led international activities of the company. In 2007 Mr. Wories became President of Amsted Rail Company, Incorporated, consolidating major previously independent manufacturers of rolling stock undercarriage parts in North America – ASF-Keystone (large castings and car trucks in assembly), Griffin Wheel (railway cast wheels), and Brenco (journal box cartridge tapered bearings). At the same time, Mr. Wories acts as Director of a number of joint ventures with Amsted Rail’s participation in the United States and abroad: in Mexico, Brazil, China, South Africa, and in Russia – EPK-Brenco Bearing Company (Saratov). Mr. Wories graduated from Purdue University in Hammond, Indiana, USA, with a B.S. degree in Industrial Management. John Wories was born on April 20, 1952 in Hammond, Indiana, USA.
Valeriy Draganov
Chairman of the Board of Directors, Coalco Development
Valery Gavrilovich Draganov born in 1951. 1971 - 1999, served in the office of the customs authorities in the Ukraine, Primorsky Territory, Belarus, Estonia. Since 1987 Vice-Chairman of the Customs Committee of the USSR, Chairman of the State Customs Committee (now the Federal Customs Service) of the Russian Federation (Yevgeny Primakov and Sergei Kiriyenko’s governments). Deputy of the State Duma of the third, fourth and fifth convocations, deputy chairman of the Committee on Budget and Taxes, First Deputy Chairman of Committees on Energy, Industry, Chairman of the Committee on Economic Policy and Entrepreneurship. Since 2006 - Deputy CEO UC RUSAL. Board member of the RSPP. Member of the Bureau of the Russian Engineering Union. PhD in Economics. Honored Lawyer of the Russian Federation. Author of educational books on Customs Law. Writer.
Anatoly Karachinsky
President, IBS Group
Born July 12, 1959 in Moscow. In 1981 he graduated from the Moscow Institute of Railway Transport Engineers, Computer Science, Technical Cybernetics Department, specialising in System Engineering. 1981–1986: Computer Centre at the All-Union Research Institute for Railways. 1986–1988: Director, Prosystem (an Austrian company). 1988–1992: Technical Director, Intermicro Joint Venture. 1992–1997: President, IBS. Since 1997: President, IBS Group. Anatoly Karachinsky develops strategies and investment policy for the IBS Group. He is actively involved in establishing a new information society in Russia and contributes a lot to the development of Russia’s economic IT potential. Member of the Council on Competitiveness and Entrepreneurship attached to the Government of the Russian Federation. Member of the Government Commission on High Technology and Innovation. Member of the Interdepartmental Commission on Science and Innovation Policy. Member of the Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Union’s Committee on Professional Development and Professional Qualifications. Member of the Public-State Council on the System of Independent Appraisal of the Quality of Professional Education. Member of the Public Council attached to the Ministry of Education and Science of the Russian Federation. Member of the Council of the Ministry of Education and Science of the Russian Federation on Federal State Educational Standards. Member of the Expert Council attached to the Committee of the State Duma of the Russian Federal Assembly on Information Policy, Information Technology and Communications. Member of the Expert Council on Electronic Education attached to the Committee of the State Duma of the Russian Federal Assembly on Education and Science. Member of the Expert Council on Information Technology attached to the Minister of Information Technology and Communications of the Russian Federation. Member of the Supervisory Council of Moscow Exchange public company. Chairman of the Board of Directors of Luxoft, an NYSE traded public company. Married, with two sons.
Sergey Kravchenko
President, Boeing Russia/CIS
Sergey Kravchenko holds post of president of Boeing Russia/CIS since 2002, he is responsible for leading all Boeing business activities in Russia and the CIS. Kravchenko joined The Boeing Company in 1992. He directly participated in Boeing 777 and Boeing 787 Dreamliner program design, held leading positions in engineering departments in Seattle responsible for production and relations with suppliers and partners. In Russia, he led Boeing projects on participation in ISS, establishment of two Boeing joint ventures with Rostec /VSMPO, Boeing Design Center in Moscow, Boeing Flight Training Center in Skolkovo. Before Kravchenko joined Boeing in 1992, he worked as a professor and as the lead scientist of the Russian Academy of Sciences. He also taught in Moscow and worked as a research consultant in Europe, the United States and Asia. Sergey Kravchenko is one of the leading specialists in Russia on modern management of large international projects and companies. Kravchenko is a professor and holds a doctorate degree of engineering science, earned in 1990. He holds over 20 patents in various areas of engineering and has published more than 50 research papers.
Daniel Russell
President, Chief Executive Officer, US–Russia Business Council (USRBC)
Daniel A. Russell is the President and CEO of the U.S.-Russia Business Council. Previously, he was Deputy Assistant Secretary of State responsible for relations with Russia, Ukraine, Moldova, and Belarus and for international security and arms control issues in the Bureau of European and Eurasian Affairs until July 2013. A career member of the Foreign Service, Mr. Russell served as Chief of Staff to Under Secretary of State for Political Affairs William Burns from 2008 to 2009, as Deputy Chief of Mission in Moscow from 2005 to 2008 and as Deputy Chief of Mission in Almaty, Kazakhstan from 2000 to 2003. Since joining the Foreign Service in 1983, Mr. Russell has held positions in Washington and abroad, including Director of the Office of Russian Affairs, Director of the Office of European Political and Security Affairs, Consul General at the U.S. Consulate in Yekaterinburg, Special Assistant for Europe to the Under Secretary of Political Affairs, and First Secretary at the U.S. Embassy in Moscow. Mr. Russell has worked in the State Department offices responsible for relations with the United Kingdom and Cuba and served at the U.S. Embassies in El Salvador and the Dominican Republic. Mr. Russell holds a B.A. in Political Science from the University of Maine and an M.A. in International Affairs from George Washington University.
Paul Rollinson was appointed Chief Executive Officer on August 1, 2012. He joined Kinross as Executive Vice-President, New Investments, in September 2008. In September 2009, he was appointed Executive Vice-President, Corporate Development. Paul joined Kinross after a long career in investment banking, most recently as the Deputy Head of Investment Banking at Scotia Capital. During his time with Scotia, he was responsible for the mining, power/utilities, forestry and industrial sectors. He also served as Managing Director/Head of Americas for the mining group within Deutsche Bank AG, and before that, was a senior member of the mining team at BMO Nesbitt Burns. Paul has an Honours BSc in Geology from Laurentian University and an M. Eng. in Mining from McGill University.
Zakhar Smushkin
Chairman of the Board of Directors, Ilim Group
Born in 1962 in Leningrad. Graduated from the Leningrad Technological Institute of Pulp and Paper Industry. After graduation he worked at VNIIgidroliz, a scientific research institute. In 1992, together with a group of aspiring businessmen founded a forestry company Ilim Pulp Enterprise where he served as CEO until 2001. From 2001 to 2007 Mr. Smushkin served as Chairman of the Board of Directors of ZAO Ilim Pulp Enterprise and was involved in building Russia's largest vertically-integrated forest industry corporation. Since July 2007 Zakhar Smushkin is Chairman of the Board of Directors, Ilim Group.
Clyde C. Tuggle
Senior Vice-President, Chief Public Affairs and Communications Officer, The Coca-Cola Company
Robin Wittering
Partner, Egorov Puginsky Afanasiev & Partners
Robin Wittering is an English law qualified partner who has been working on deals and disputes in Russia and the CIS since 2003. He acts on cross-border mergers and acquisitions and joint ventures, corporate and shareholder disputes and special situations, and structuring and restructuring. In his speech Robin will cover the topic of governmental anti-crisis measures focused on improvement of investment climate in Russia as well as provision of overall support to business in general.
Oleg Fomichev
State Secretary, Deputy Minister of Economic Development of the Russian Federation
Born on February 7, 1977. In 1998 graduated from Nizhny Novgorod State Technical University. Bachelor of Management (diploma with honours). 1998—2000: State University — Higher School of Economics. Master of Economics (diploma with honours). 1999—2000 — Leading Specialist of the General Analytical Division of the Department for Enterprise Reforming of the Ministry of Economy of the Russian Federation. 2000—2003: postgraduate studies, State University — Higher School of Economics. 2000 — Expert of the Centre of Strategic Development (CSD). 2002—2004: Deputy Head of the Department for Programs of Economy Development and Cooperation with International Financial Organizations of the Ministry of Economic Development of the Russian Federation. 2004—2006: Research Assistant of the Academy of National Economy under the Government of the Russian Federation. 2004—2006: Director for Development of the Centre of Strategic Development Foundation. 2006—2008: Head of the Department for Economic Policy and Competitive Ability of the Russian Union of Industrialists and Entrepreneurs. January—July 2008: Assistant Minister, Ministry of Economic Development and Trade of the Russian Federation. July 2008—November 2010: Director of the Strategic Program Management and Budgeting Department of the Ministry of Economic Development of the Russian Federation. November 2010 – July 2012 — Deputy Minister of Economic Development of the Russian Federation. Since July 2012 – State Secretary, Deputy Minister of Economic Development of the Russian Federation.
William Shor
Managing Director, Caspian VC Partners Ltd
William Shor is building an affiliated fund focused on global venture opportunities, and then leveraging and deploying those disruptive technologies within the existing operations and geographies of the Group. Mr. Shor has been active in the European private equity and finance arena, and has headed up a European environmental finance firm for several years. Prior to that, Mr. Shor was Komi Aluminium's (RUSAL Group) CFO/CDO and was Deputy General Director of the largest greenfield mining project in Russia until he led its sale to a major strategic partner. He was managing director of investments at a Citigroup venture fund and earlier, a director of European Emerging Markets at Salomon Smith Barney. He also spent time at Chase Manhattan Bank focusing on emerging markets trade finance. Mr. Shor has a Bachelors degree from Binghamton University and an MBA from Columbia University’s Graduate School of Business. He also has a Masters in International Affairs from Columbia University. He is fluent in both Russian and English and has lived and worked in Europe, North America and the Middle East. He sits on the board of several companies and various non-profit institutions.
Front row participants Pavel Betsis ,
President, Microsoft Russia Michael Blair ,
Presiding Partner, Debevoise & Plimpton LLP Yury Gavrilov ,
Director of Strategy and Development, Management Company METALLOINVEST LLC
Sergey Grigoriev ,
Deputy General Director, SUEK Irackly Mtibelishvily ,
Managing Director, Chairman of Corporate and Investment Banking, Russia, Kazakhstan and Ukraine, Citi
Pavel Betsis
President, Microsoft Russia
Pavel is a veteran of International IT industry, who started his career at IBM Canada in 1985. After leaving IBM in 1991, over the years Pavel had a number of senior executive roles with several hardware, software and services technology companies, in both North America and Europe. Over the last 28 years Pavel held such executive roles as CEO, President, Vice President of Sales, CMO, General Manager, and his experience base includes 6 years in Technology Venture Capital industry as Chief Executive Officer focused on turnarounds. For 4 years prior to joining Microsoft, Pavel was Vice President and General Manager at Cisco Systems, responsible for overall business in Russia and CIS. Then he joined Microsoft as Head of Business Strategy Central & Eastern Europe Region. During his professional tenure, Pavel has lived in the USA, Canada, The Netherlands, Russia, and Hungary. Pavel graduated from the University Of Toronto (Canada) in 1985, with Degree in Computer Science and Business Administration. He obtained post graduate Executive Education at Harvard and IMD.
Michael Blair
Presiding Partner, Debevoise & Plimpton LLP
Mr. Blair has served as lead counsel in a host of major M&A transactions, advised senior executives and boards of directors on governance matters and handled securities transactions for clients across a range of industries. Mr. Blair joined Debevoise in 1981 and became a partner in 1989. He received his B.A. from Yale University in 1977 and his J.D. from the University of Chicago in 1981. Mr. Blair is a Director of The Partnership for New York City and of the Leadership Council on Legal Diversity, a Trustee of the Smith Richardson Foundation, a member of The Economic Club of New York and a Life Fellow of the American Bar Foundation.
Yury Gavrilov
Director of Strategy and Development, Management Company METALLOINVEST LLC
Education: 1994 — Graduated in Aeromechanics and Aerospace Technology from the Moscow Institute of Physics and Technology. 1999 — Obtained a Master’s degree in Finance from the Institute of Business and Economics of the Academy of National Economy. 1999 — Received an MBA in Finance from the California University Business School. Professional experience: Since May 2014 Director of Strategy and Development of Management Company METALLOINVEST LLC. 2012 — 2014 CEO of the CIS division of Tenova Bateman. 2007 — 2012 CEO of the Russian division Bateman Engineering Russia B.V. Managing Director of the international division of Bateman Engineering CIS. 1994 — 2007 Worked in various positions in the Russian division of Bateman.
Sergey Grigoriev
Deputy General Director, SUEK
Irackly Mtibelishvily
Managing Director, Chairman of Corporate and Investment Banking, Russia, Kazakhstan and Ukraine, Citi
Irackly has worked on a broad range of M&A transactions in Russia including buyside, sellside, mergers, and privatisations and has extensive experience working on cross-border transactions assisting Western multinational players to expand in Russia / Russian clients to acquire assets abroad. Recent notable M&A experience includes advisory to Pharmstandard on spin-off of OTC Pharm and acquisition of Biocad, advisory to Severstal on $2.4bln sale of its North American steel-making business and separation of Nordgold; advisory on $10bn worth of capital return to shareholders by Norilsk Nickel as part of its defence against hostile take-over attempts of UC Rusal, advisory on Gazpromneft’s acquisition of 50% shares of Tomskneft, advisory to International Paper in connection with its acquisition of a 50% interest in Ilim Pulp Enterprises, advisory to Norilsk Nickel in connection with acquisition of a controlling interest in OGK 3, advisory to Guta Group on the private placement of 6% stake in Mosenergo, Smart Hydrogen on its 35% investment into Plug Power, Severstal on the consolidation of Severstal Resurs Mining assets, Gazprom in connection with $13.1bn acquisition of 72% stake in Sibneft, fairness opinion to Gazprom Board of Directors in connection with a $7.12 bln sale of 10.74% of Gazprom to the Russian Government.
Broadcast
Key moments
A world with closed borders between countries is not a world that provides the conditions for prosperity.
Matthias Berninger
We believe that, in every country where we operate, giving back to the local community is the only way to do business.
“Digital economy is a new paradigm for the development of the state, the economy and society.”
Greetings to participants, organisers, and guests of the
27th St Petersburg International Economic Forum
“For more than a quarter of a century, the Forum has provided an opportunity for politicians, experts, business leaders, academics, and media professionals from around the world to hold in-depth discussions on key economic development trends in Russia and the world. Participants in plenary sessions, roundtables and panel discussions exchange views on ways to promote international cooperation, encourage scientific and technological progress and the development of human capital, and to effectively tackle the challenges we face.
The theme of the current meeting, The Foundations of a Multipolar World – The Formation of New Areas of Growth, is highly relevant and meaningful. A growing part of the international community is in favour of building a just and democratic system of international relations based on the principles of genuine equality, consideration for each other’s legitimate interests, and respect for the cultural and civilisational diversity of nations. It is precisely these principles that underpin the activities of BRICS, which Russia is chairing this year. It is symbolic that the history of this dynamically developing association, whose members already account for more than a third of the global economy, began at the 10th St Petersburg International Economic Forum in 2006.
Our country is open to constructive dialogue and interaction with partners and is ready to work together to address the economic, social, scientific and technological challenges of our time.
I am confident that the Forum will jump-start new and promising initiatives and projects, fostering mutually beneficial cooperation between our countries and peoples.