A pragmatic look at US-Russia trade and investment cooperation two years after the 'reset' button was pressed. Russia's entry into the WTO as the driving factor for the 'reset', and for the implementation of high-priority initiatives. Priority sectors: high-tech, transport and infrastructure, energy, mechanical engineering and aviation, construction, financial services, and more. Basic trade agreement as the foundation for the 'reset', and as the cornerstone for a strategic economic partnership between Russia and the United States. 1) Are the two governments ready to begin negotiations over a new format for basic U.S.-Russia trade agreement? What will the agreement contain and which areas will it cover? 2) Which institutions for stimulating bilateral investment do businesses need? 3) In which areas do projects warrant careful attention and special support from the government? 4) How to transform traditional economic partnership into innovative cooperation? Building an innovation bridge.
Moderator: Alexander Shokhin ,
President, Russian Union of Industrialists and Entrepreneurs (RSPP)
Alexander Shokhin
President, Russian Union of Industrialists and Entrepreneurs (RSPP)
Alexander N. Shokhin was born 25 December, 1951. Graduated from the Moscow State University in 1974. Doctor of Economics, Professor. Twice, in 1991-1994 and in 1998, Mr. Shokhin held the post of Deputy Prime Minister of the Russian Federation. In 1991-1994 he also held positions of Minister of Labor, Minister of Economics, Chairman of the Russian Agency for International Cooperation and Development. From 1994 to 2002 – Deputy of the State Duma, with the posts of First Vice Chairman of the State Duma, leader of the Duma party bloc 'Our Home is Russia', Head of the Duma Committee on Credit Institutions and Capital Markets. Since 1995 - President of the National Research University – Higher School of Economics. From 2002 to 2006 – Chairman of the Supervisory Board of the Investment Group "Renaissance Capital". From 2005 to 2009 – member of the RF Public Chamber. Since 2005 – President of the Russian Union of Industrialists and Entrepreneurs. Mr. Shokhin is a member of several deliberative bodies under the Russian President and Government. He is also an independent director on the Boards of several companies, including ALROSA, Russian Railways, TMK and others.
Panellists
Alexey Repik ,
President, Delovaya Rossiya (Business Russia) Dr. Hans-Paul Buerkner ,
President and CEO, Boston Consulting Group Victor Vekselberg ,
Chairman of the Board of Directors, Renova Group; President, Skolkovo Foundation Gerard R. Vittecoq ,
Group President, Caterpillar Inc. Carlos Gutierrez ,
Vice-Chairman, Institutional Clients Group, Citigroup Inc. Marthin De Beer ,
Senior Vice President, Video and Collaboration Group, Cisco Alexey Repik ,
President, Delovaya Rossiya (Business Russia) Anatoly Karachinsky ,
President, IBS Group Alexey Mordashov ,
Chairman of the Board of Directors, Severstal Dennis Nally ,
Chairman, PwC International Dmitriy Pumpyanskiy ,
Chairman of the Board of Directors, Tube Metallurgical Company (TMK) Andrew Somers ,
President, Chief Executive Officer, American Chamber of Commerce in Russia James Turley ,
Chairman, Chief Executive Officer, Ernst & Young Global Lorraine Hariton ,
Special Representative for Commercial and Business Affairs, U.S. Department of State Louis R. Chenevert ,
Chairman and Chief Executive Officer, United Technologies Corporation Paul Stoffels ,
Company Group Chairman, Johnson & Johnson Pharmaceutical Research & Development, L.L.C. David Iakobachvili ,
Vice President, Russian Union of Industrialists and Entrepreneurs (RSPP); President, Orion Heritage
Alexey Repik
President, Delovaya Rossiya (Business Russia)
<p> Born in Moscow, Russia on 27 August 1979.Graduated from the State University “Higher School of Economics”, Diploma in Economy and Business Administration.Since 1995 in Healthcare and Pharmaceutics.R-Pharm Founder. President of All-Russia Business Association “Delovaya Rossiya” (“Business Russia”), actively participating in the improvement of investment climate in the Russian Federation and the establishment of the regional investment standard.Member of the Economic Council under the President of the Russian Federation.Member of the Presidential Council for Priority National Projects and Demographic Policy.Member of the Expert Council under the Government of the Russian Federation. Member of the Public Chamber of the Russian Federation, Head of Commission on Investment Climate.Representative (public ombudsman) of the Commissioner of the Presidential Council on the protection of the rights of entrepreneurs on issues related to the protection of the rights of foreign investors.Board-member and Co-chairman of Committee of the Russian Union of Industrialists and Entrepreneurs on pharmaceutical and medical industry.Co-Chairman of the National Rating CommitteeMember of the Public Council under the Ministry of Industry and Trade of the Russian Federation (pharmaceutical, medical equipment and technologies).Member of the Supervisory Board of the Autonomous Nonprofit Organization "Agency for Strategic Initiatives". </p>
Dr. Hans-Paul Buerkner
President and CEO, Boston Consulting Group
Hans-Paul Buerkner has been President and Chief Executive Officer since 2003. He joined the firm in 1981 and was a member of the teams that opened BCG's Dusseldorf (1982) and Frankfurt (1991) offices. Before becoming the firm's first chief executive officer from Europe, he was head of BCG's global Financial Institutions practice. During his 29 years at BCG, he has counted among his clients many of the world's leading financial institutions. He has worked with them to redefine the competitive landscapes in their segments, spearheaded major global expansion initiatives, and transformed formerly public enterprises into leading private institutions. Hans-Paul studied Economics, Business Administration, and Chinese, receiving a Diploma from the University of Bochum, an M.A. from Yale University, and a Ph.D. from the University of Oxford, where he was a Rhodes Scholar. Today he is based in both Frankfurt and New York, and travels extensively among BCG's global offices.
Victor Vekselberg
Chairman of the Board of Directors, Renova Group; President, Skolkovo Foundation
Born in 1957. Graduated with honors from the faculty of automation and computer engineering of the Moscow Railway Transport Engineering Institute (MIIT). In 1990 Viktor Vekselberg founded Renova, an asset management company. Mr. Vekselberg currently holds office as Chairman of the Board of Directors of the Renova Group of companies. In 1996 he founded SUAL Group and served as its President until 2003 when he eventually chaired the Board of Directors of the Group. Chairman of the Management Board of OJSC Tumen Oil Company from 2002 until 2003. Member of the Board of Directors of TNK-BP from 2003 until 2013. Chairman of the Board of Directors of United Company Rusal (UC Rusal) from 2007 until March 2012. In March 2010, Viktor Vekselberg was appointed as Head of the Skolkovo Innovation Center project. Viktor Vekselberg has been President of the Skolkovo Foundation since June 2010.
Gerard R. Vittecoq
Group President, Caterpillar Inc.
Gerard R. Vittecoq is a Group President Caterpillar Inc. in Peoria, Ill, U.S.A. with administrative responsibility for Caterpillar's growing energy and power systems group and for the EAME region. Since joining Caterpillar in 1975 Mr. Vittecoq held a number of key positions in the corporate finance, strategy and planning. He was elected a Vice President in January 2001. In January 2004 Mr. Vittecoq was named Group President. Mr. Vittecoq has a master’s degree and an M.B.A., is a Certified Professional Accountant, and he completed the Executive Program in International Management at Columbia University. Mr. Vittecoq is a member of the Foundation Board of the International Institute for Management Development (IMD), a member of the Evian Group: Free Trade Think Tank, executive member of the World Business Council for Sustainable Development (WBCSD).
Carlos Gutierrez
Vice-Chairman, Institutional Clients Group, Citigroup Inc.
Carlos M. Gutierrez is Vice Chairman of the Institutional Clients Group for Citigroup. From 2005 to 2009 he was the 35th Secretary of the US Department of Commerce. Before his government service he was Chairman and CEO of the Kellogg Company, a global manufacturer and marketer of well-known food brands. Secretary Gutierrez was born in Havana, Cuba in 1953 and came to the United States with his family in 1960. In 1975, he joined the Kellogg Company as a sales representative in Mexico City, Mexico. After assignments in Latin America, Canada, Asia, and the United States, he became President and CEO in 1999 and Chairman of the Board in April, 2000. Secretary Gutierrez studied Business Administration at the Monterrey Institute of Technology in Queretaro, Mexico.
Marthin De Beer
Senior Vice President, Video and Collaboration Group, Cisco
Marthin De Beer, Senior Vice President of Cisco’s Video and Collaboration Group, is responsible for the company’s efforts around end-to-end video and collaboration. Video and Collaboration are two of Cisco’s five corporate priorities and key growth drivers for the networking business. Under his leadership, Cisco’s TelePresence business has grown from an emerging technology to become the market leader. During his more than 16-year tenure at Cisco, De Beer has held various leadership positions, including responsibility for Cisco’s global enterprise IP communications solutions and leading the introduction of Cisco’s Architecture for Voice, Video and Integrated Data (AVVID) solution. He was instrumental in taking Cisco’s IP communications business from inception to a nearly $1 billion business. De Beer is on the Board of Directors for the US Russia Business Council and is a member of the selection committee for the World Economic Forum, Technology Pioneer Community. He holds a bachelor’s degree in engineering from the University of Pretoria, South Africa.
Alexey Repik
President, Delovaya Rossiya (Business Russia)
<p> Born in Moscow, Russia on 27 August 1979.Graduated from the State University “Higher School of Economics”, Diploma in Economy and Business Administration.Since 1995 in Healthcare and Pharmaceutics.R-Pharm Founder. President of All-Russia Business Association “Delovaya Rossiya” (“Business Russia”), actively participating in the improvement of investment climate in the Russian Federation and the establishment of the regional investment standard.Member of the Economic Council under the President of the Russian Federation.Member of the Presidential Council for Priority National Projects and Demographic Policy.Member of the Expert Council under the Government of the Russian Federation. Member of the Public Chamber of the Russian Federation, Head of Commission on Investment Climate.Representative (public ombudsman) of the Commissioner of the Presidential Council on the protection of the rights of entrepreneurs on issues related to the protection of the rights of foreign investors.Board-member and Co-chairman of Committee of the Russian Union of Industrialists and Entrepreneurs on pharmaceutical and medical industry.Co-Chairman of the National Rating CommitteeMember of the Public Council under the Ministry of Industry and Trade of the Russian Federation (pharmaceutical, medical equipment and technologies).Member of the Supervisory Board of the Autonomous Nonprofit Organization "Agency for Strategic Initiatives". </p>
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.
Alexey Mordashov
Chairman of the Board of Directors, Severstal
Born in 1965, Alexey Mordashov has been working for Severstal since 1988. He started his career as a senior economist, becoming Chief Financial Officer in 1992. In December 1996, he was appointed as Severstal’s Chief Executive Officer. Between 2002 and 2006 he served as CEO of Severstal Group and was Chairman of Severstal’s Board of Directors. Since the introduction of the new structure of corporate governance in December 2006 Mr. Mordashov has been CEO of Severstal. From December 2014 till June 2015 Alexey served as CEO of AO "Severstal Management" - managing organization of PAO Severstal. In May he was elected as Chairman of Severstal’s Board of Directors. Vice-Chairman of World Steel Association. Head of the Russian Union of Industrialists and Entrepreneurs’ Committee on Integration, Trade and Customs Policy and WTO. Serves on the Entrepreneurial Council of the Government of Russian Federation. Co-chairman of the “Trade as a Global Driver” Taskforce of the “Business 20” of “Group of Twenty”. Co-chairman of the Northern Dimension Business Council. Vice-President of Russian-German chamber of commerce, member of the Russian-German workgroup responsible for strategic economic and finance issues. Member of the EU-Russia Business Cooperation Council. Alexey earned his undergraduate degree from the Leningrad Institute of Engineering and Economics. He also holds an MBA degree from Newcastle Business School of Northumbria University (UK).
Dennis Nally
Chairman, PwC International
Dennis Nally is the Chairman of PwC International. Mr. Nally served as Chairman and Senior Partner of the US Firm of PwC having first been elected to those roles in 2002. Prior to that, from 2000 through 2001, he served as Managing Partner of the US Firm. From 1998 to 2000, he was Audit and Business Advisory Services Leader for the US Firm. Mr. Nally joined the US Firm’s Detroit office in 1974 and became a partner in the US Firm in 1985. From 1985 to 1988, he served in the National Office Accounting Services Group in New York. From 1988 to 1992, he was Partner-in-Charge of the US Firm’s Dayton, Ohio office. From 1992 to 1995, he served as the US Firm’s National Director of Strategic Planning. From 1995 to 1998, he was Vice Chairman with responsibilities for finance and key client service support, and he was a member of the US Firm Policy Committee, US Management Committee, General Council of the Worldwide Organization.
Dmitriy Pumpyanskiy
Chairman of the Board of Directors, Tube Metallurgical Company (TMK)
Russian businessman, born in 1964, graduated from Kirov Urals Polytechnic Institute in 1986. PhD in Technical Sciences, Doctor of Economics. Authored 4 monographs and over 70 scientific papers. Heading TMK since 2002, Chairman of the Board of Directors at TMK and Sinara Group since 2005. Formerly held key positions at various Russian metal and pipe companies. Member of the Management Board of the Russian Union of Industrialists and Entrepreneurs, member of the Management Board of the Chamber of Commerce and Industry of the Russian Federation, president of Non-Profit Partnership Russian Steel, Сhairman of the Supervisory Committee of Ural Federal University, Board member at Worldsteel and Industry Development Fund. Mr. Pumpyanskiy was awarded a second class Medal of the Order for Merit to the Fatherland, a forth class Order for Merit to the Fatherland and Order of Honour, is a Russian Government prize winner in Science and Technology, was conferred an Honorary Metallurgist title.
Andrew Somers
President, Chief Executive Officer, American Chamber of Commerce in Russia
Andrew Somers has served as head of the American Chamber of Commerce in Russia (AmCham) since November 2000. Under his leadership, the Chamber has become the largest and most impactful foreign business advocacy organization in Russia, with over 700 member companies. As a result, the Chamber now has a leading role in providing concrete business recommendations to the Russian-American Presidential Bilateral Commission, established by Presidents Obama and Medvedev to stimulate solutions to obstacles to trade and to spur investment in both countries. In June 2011, Russian President Dmitry Medvedev presented Mr. Somers with the Order of Friendship, the highest Russian-state order that can be bestowed on a foreign citizen. Before heading AmCham, Mr. Somers was executive vice president, general counsel and member of the board of American Express TRS Company, which has operations in more than 70 countries and serves as the primary revenue contributor to the American Express Group of Companies. He was also special advisor to the American Express Company's chairman of the board. Prior to his career at American Express, he prosecuted white-collar crime as an assistant district attorney in Manhattan for four years.
James Turley
Chairman, Chief Executive Officer, Ernst & Young Global
As Chairman and Chief Executive Officer of Ernst & Young, James is committed to setting a clear "tone from the top" around the key issues of quality, integrity, and professionalism. James began his career with Ernst & Young in 1977 and has held a series of leadership positions. Based in New York and London, James also serves as senior advisory partner for many of Ernst & Young’s largest global clients. James is active with many stakeholders, reflecting Ernst & Young's commitment to enhance trust in professional services firms and in the quality of financial reporting. He has encouraged dialogue with stakeholders regarding changes facing the global capital markets, including the Sarbanes-Oxley Act, IFRS, and the movement toward convergence of global accounting standards and global governance. Throughout his career, James has supported civic, cultural, and business organizations. James takes an active part in Foreign Investment Advisory Council under the Government of the Russian Federation. James holds a Master's and a BA in Accounting from Rice University in Texas, where he is a member of the Board of Trustees.
Lorraine Hariton
Special Representative for Commercial and Business Affairs, U.S. Department of State
Lorraine Hariton is responsible for State Department outreach to the business community and commercial advocacy efforts. Ms. Hariton has over 25 years of experience in the information technology sector in Silicon Valley. Until 2009 she worked on Smart Grid initiatives including advanced metering and intelligent street lighting. As President and CEO of Apptera from 2003 to 2005, Ms. Hariton brought their first product to market and raised $8 million in venture capital. She served as the CEO of Beatnik from 1999 to 2002 where she repositioned the company as a leader in the wireless industry and raised more than $40 million in venture capital. Ms. Hariton also spent 15 years at IBM serving in a number of executive capacities. Earlier, Ms. Hariton served on the board of the Demand Response Smart Gird Coalition, served on the National Advisory Board of the Stanford Clayman Institute for Gender Research and the Executive Committee of the National Center for Women and Information Technology. Ms. Hariton is Chairman Emeritus of the Forum for Women Entrepreneurs and Executives. Ms. Hariton has an M.B.A. from Harvard Business School and a B.S. in Mathematical Sciences from Stanford University.
Louis R. Chenevert
Chairman and Chief Executive Officer, United Technologies Corporation
Louis R. Chênevert is Chairman & Chief Executive Officer of United Technologies Corporation. He was elected President and Chief Executive Officer in April 2008, and Chairman in January 2010. Since March 2006, held the position of President and Chief Operating Officer, and served as a Director of United Technologies. Prior to that he served as President, Pratt & Whitney, from April 1999 through March 2006. Before joining Pratt & Whitney in 1993, Chênevert spent 14 years at General Motors. He served as production general manager of General Motors’ St. Therese operation. Chênevert is Vice-Chairman of The Business Council, a member of the U.S.-India CEO Forum and Business Roundtable, and is a founding director and Chairman of the Board of Directors for the Friends of HEC Montréal. He also serves on the Board of Directors for the Congressional Medal of Honor Foundation and is Chairman of the Yale Cancer Center’s Advisory Board. In 2005, Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA). Chênevert earned a bachelor of commerce degree in production management from the Université de Montréal, École des Hautes Études Commerciales (HEC).
Paul Stoffels
Company Group Chairman, Johnson & Johnson Pharmaceutical Research & Development, L.L.C.
Dr. Paul Stoffels is Worldwide Chairman Pharmaceuticals with responsibility for Research & Development and Strategic Development. Dr. Stoffels has 20 years global experience in both pharmaceutical and HIV/AIDS R&D. He joined Janssen and worked for four years as Physician/Researcher in Kinshasa (Congo) and Kigali (Rwanda) in the field of HIV/AIDS and infectious diseases. In 1991 he joined the ID team at Janssen in Beerse, Belgium. In 1997, he left Janssen to become CEO of Tibotec-Virco, where he transitioned the company from a technology-based research company into an integrated pharmaceutical R&D organization focused on HIV/AIDS and infectious diseases. Johnson & Johnson acquired Tibotec-Virco in 2002. Dr. Stoffels has a special interest for the health care problems in the developing world, especially Africa, with a focus on developing a new drug for TB and simplified, effective treatment and prevention for HIV. Dr Stoffels studied Medicine at the University of Antwerp and the Institute of Tropical Medicine in Antwerp, Belgium.
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.
“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.