New Markets: Between Freedom and State Regulation

New Markets: Between Freedom and State Regulation

3 June, 10:00–11:15

The transition to a new technological reality will lead to the formation of entirely new high-tech markets over the next 10 or 20 years, offering customers advanced technology solutions and brand new products and services. In light of this, the world’s leading economies, including Russia, are actively developing targeted support and public–private partnership programmes aimed at promoting the high-tech industries and markets of the future. How do we ensure the efficiency of these programmes and where is the line between essential support and excessive restriction in state regulation? How do we find a balance between introducing new business models and ensuring the stability of the traditional economy? How do we find ways for Russian tech companies to participate in the formation of new markets?


Key moments

We already cannot avoid the risks of cryptocurrencies.
Sergey Solonin
General Director, FINTECH Association
Previously, it was believed that entrepreneurs went to places where they could access capital and the market; today, another factor has been added: regulation that allows a dream to be realized.
Alexander Galitsky
Co-Founder, Managing Partner, Almaz Capital
Why should new markets be regulated? A market needs to be predictable; market operators need to understand the rules they work by. If the rules are not formally written down, ‘gangsta rules’ take over. In such circumstances, investing is rather dangerous.
Andrei Belousov
Aide to the President of the Russian Federation
Quantum communication technology provides for absolute protection of a communication system: using fiber optics, a signal may be transmitted from point A to point B in a way making it impossible to intercept.
Ruslan Yunusov
Chief Executive Officer, Russian Quantum Center
It is only within the framework of clear, common and transparent rules and principles that we can prove our competitive edge, prove that we deserve to find the way to our consumer. A total lack of rules is a risk worse than excessive regulations.
Alexey Repik
President, Delovaya Rossiya (Business Russia)
Catching up with the global leaders working in the area of telematics platforms is possible only by using intellect and breakthrough algorithms and regulation documents that would make it possible to consolidate the players on the Russian market.
Alexander Gurko
President, Non-commercial Partnership for Development and Use of Navigation Technologies (GLONASS UNION)
It would be good to amalgamate the efforts of the big German corporation that helps Russian startups and independent players enter the global market. Big companies and large ‘monsters’ do not have such an easy life in the world of technologies. The faster the world changes, the harder it is for big companies to adapt. We are interested in working with small companies, with startups, because they are more flexible, they are not tied to technologies, they can find their niches faster.
Andrej Bievetski
Managing Director, SAP Labs CIS
As a regulator, we must assess and determine risks and regulate the risk zones, not by writing down obvious truths and step-by-step instructions, but by determining standards and criteria for the players to abide by.
Olga Skorobogatova
Deputy Governor, Central Bank of the Russian Federation