Programme

'NEVER LET A GOOD CRISIS GO TO WASTE': ADDRESSING RUSSIA’S STRUCTURAL ECONOMIC DILEMMAS

Russia: Seizing the Opportunities
CNBC TV Debates
Pavilion 4, Conference Hall 4.2

While low oil prices and sanctions have created a drag on growth, Russia must also address a number of structural challenges if it is to put the economy back on a strong expansion trajectory. What are practical confidence-building measures that the Russian government should undertake to spur improvements in the business and investment environments and what is the model of growth for the coming decade?

Moderator:
Geoff Cutmore , Anchor, CNBC

Panellists
Kirill Androsov , Managing Director, Altera Investment Fund; Chairman of the Board of Directors, Aeroflot
Oleg Vyugin , Member of the Board of Directors, Independent Director, Rosneft; Professor, National Research University Higher School of Economics
Oleg Deripaska , President, Member of the Board of Directors, RUSAL
Alexey Kudrin , Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation
Andrey Makarov , Chairman of the Committee on Budget and Taxes, The State Duma of the Federal Assembly of the Russian Federation
Dennis Nally , Global Chairman, PwC
Christopher Pissarides , Nobel Memorial Prize in Economic Sciences Laureate; Professor of Economics, London School of Economics and Political Science (LSE)
Anton Siluanov , Finance Minister of the Russian Federation
Alexey Uljukaev , Minister of Economic Development of the Russian Federation
Mikhail Shamolin , President, Chief Executive Officer, Executive Board Director, Chairman of the Management Board, Sistema
Frederick William Engdahl , President, Founder, Engdahl Strategic Risk Consulting

Broadcast

Key moments

Markets in Russia are looking for new points of equilibrium.
Oleg Deripaska
Drive diversification of the economy - as there is a clear need to invest in new assets, this is an excellent opportunity to diversify the economy.
Dennis Nally
The large share of state companies is the main structural disparity in the Russian economy. This is one of barriers to further investment in the Russian economy.
Alexei Kudrin
All oil and gas companies will be privatized. But this shouldn’t happen right now when the assets are at a low value.
Alexei Kudrin