Business programme

The pandemic has completely reshaped the world and how people live. Remote working, reduced material consumption, limited mobility, and social distancing are all features of the new reality. Many processes and habits that were expected to take several years to emerge did so in just a few months. The pandemic has given rise to a wave of transformation and structural change, and the economy needs to adapt to these new conditions as rapidly as possible. What are the primary changes brought about by the pandemic, and what norms, behaviours and rules will reshape the economy in the near future? What can be done to adapt to the new normal quickly and accelerate recovery? How might Russia capitalize on new growth opportunities that may emerge in the post-crisis environment?

Moderator
Nikolay Korzhenevsky, Economic Observer, Russia 24 TV Channel

Nikolay Korzhenevsky

Economic Observer, Russia 24 TV Channel

Mr. Korzhenevsky earned his Master’s degree at State University – Higher School of Economics (Moscow, Russia) and had internship at Stanford University (California, USA). He specialises mainly in international finance; the core area of his academic interests is the interrelationship between financial markets and macroeconomic processes. He worked as author and presenter of the Markets programme on RBC-TV and later as Deputy Director of the Centre for Economic Forecasts, Gazprombank. Since 2013, Mr. Korzhenevsky has been author and presenter of the programme Economics: Day Rates on TV Channel Russia-24, which is devoted to key macroeconomic and financial topics of the day. He also highlights the main economic events (Davos Forum, SPIEF). In parallel he is working on his thesis Contemporary Methods of Monetary Policy and the Implicit Function of Central Banks. He is also continuing his academic activities at the HSE.

Panellists
Kristalina Georgieva, Managing Director, International Monetary Fund (online)
Elvira Nabiullina, Governor, The Central Bank of the Russian Federation (Bank of Russia)
Maxim Oreshkin, Aide to the President of the Russian Federation
Maksim Reshetnikov, Minister of Economic Development of the Russian Federation
Anton Siluanov, Minister of Finance of the Russian Federation

Kristalina Georgieva

Managing Director, International Monetary Fund

Kristalina Georgieva currently serves as Managing Director of the International Monetary Fund, a position she was selected for on September 25, 2019 and has served as since October 1, 2019.

Before joining the Fund, Ms. Georgieva was CEO of the World Bank from January 2017 to September 2019, during which time she also served as Interim President of the World Bank Group for three months.

Previously, Ms. Georgieva helped shape the agenda of the European Union while serving as European Commission Vice President for Budget and Human Resources. In this capacity she oversaw the EU’s €161 billion (US $175bn) budget and 33,000 staff, as well as the EU’s response to the Euro Area debt crisis and the 2015 refugee crisis. Before that, she was Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, managing one of the world’s largest humanitarian aid budgets.

Ms. Georgieva began her career in public service at the World Bank as an environmental economist in 1993. After serving for 17 years, and in many senior positions, including Director for Sustainable Development, Director for the Russian Federation, Director for Environment, and Director for Environment and Social Development for the East Asia and Pacific Region, her career culminated in her appointment as Vice President and Corporate Secretary in 2008. In this role, she served as the interlocutor between the World Bank Group’s senior management, its Board of Directors, and its shareholder countries.

In 2010, she was named “European of the Year” and “Commissioner of the Year” by European Voice in recognition for her leadership in the EU’s response to humanitarian crises. In October 2020, she received the Atlantic Council’s Distinguished International Leadership Award in acknowledgement of exceptional and distinctive contributions during her career of public service.

Elvira Nabiullina

Governor, The Central Bank of the Russian Federation (Bank of Russia)

Professional experience

1991–1992: Chief specialist in the Directorate on Economic Reform of the Standing Committee of the USSR Scientific and Industrial Union Board, Moscow.
1992–1994: Chief specialist, consultant for the Directorate of the Russian Union of Industrialists and Entrepreneurs on Economic Policy Issues.
1994–1994: Adviser at the Expert Institute of the Russian Union of Industrialists and Entrepreneurs.
1994–1995: Deputy Head of the Economic Reform Department – Head of the Division for State Regulation of Economy of the Russian Federation Ministry of Economy.
1995–1996: Deputy Head of the Economic Reform Department of the Russian Federation Ministry of Economy.
1996–1997: Head of the Economic Reform Department of the Russian Federation Ministry of Economy, member of the Ministry's Board.
1997–1998: Deputy Minister of Economy.
1998–1999: Deputy Chairperson of the Promtorgbank Board.
1999–1999: Executive Director of the Eurasian Ratings Service.
1999–2000: Vice President of the Centre for Strategic Research Foundation.
2000–2003: First Deputy Minister of Economic Development and Trade of the Russian Federation.
2003–2005: President of the Centre for Strategic Research Foundation.
2005–2007: Head of the Expert Council of the Organizing Committee for Russia's Presidency of the G8 in 2006, Head of Research at the Centre for Strategic Research.
On 24 September 2007, appointed Minister of Economic Development and Trade of the Russian Federation.
Since 12 May 2008: Minister of Economic Development of the Russian Federation.
May 2012 – June 2013: Aide to the President of the Russian Federation.
Since June 2013: Governor of the Bank of Russia.
Member of the Bank of Russia Board of Directors pursuant to Article 15 of the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”.

Education:

● Economics Faculty of the Lomonosov Moscow State University.

Maxim Oreshkin

Aide to the President of the Russian Federation

Born on July 21,1982 in Moscow.
2002
Bachelor’s Degree in Economics, Higher School of Economics.
2004
Master’s Degree in Economics, Higher School of Economics.
2002–2006
Economist, 1st class; Leading Economist; Chief Economist; Sector Head at the Balance of Payments Department at the Central Bank of the Russian Federation (Bank of Russia).
2006–2010
Senior Manager; Director; Managing Director at Rosbank.
2010–2012
Head of the Analytical Unit at Crédit Agricole Corporate & Investment Bank Russia and the CIS.
2012–2013
Chief Economist for Russia at VTB Capital.
2013–2015
Director of the Long-term Strategic Planning Department at the Russian Ministry of Finance.
2013
included in the management personnel pool under the patronage of the President of the Russian Federation.
2015–2016
Deputy Minister of Finance of the Russian Federation.
2016–2020
Minister of Economic Development of the Russian Federation.
2017
Since March 14 – Presidential Special Representative for Trade and Economic Cooperation with Japan.
2018
Chairman of the Board, at the Centre for Strategic Research.
2020
Since January 24 – Aide to the President of the Russian Federation.
Married, with one child.

Maksim Reshetnikov

Minister of Economic Development of the Russian Federation

Born on July 11, 1979, in Perm.
2000 — graduated from Perm State University by the major Mathematical Economist.
2002 — acquired the speciality of Translating Language Expert.
2000 - 2005 — Head of the Budget Revenue and Expenses Planning Department, Head of the Regional Finance and Investment Department, Deputy Head of the Main Department of Economy of the Perm Region Administration.
2005 - 2007 — First Deputy Chairman of the Planning Department of the Perm Region, First Deputy Head of the Perm Territory Governor Administration.
2007 - 2009 — Deputy Director of the Inter-Budget Relations Department, Director of the Department for Monitoring and Evaluating Effectiveness of State Governments of the Russian Federation of the Ministry of Regional Development of the Russian Federation.
2009 — Head of the Perm Territory Governor Administration.
2009 - 2010 — Director of the Department for State Administration, Regional Development and Local Self-Government of the Government of the Russian Federation.
2010 - 2011 — First Deputy Chief of Staff of the Moscow City Mayor and Government.
2012 - 2017 — Minister of the Moscow City Government, Head of Department for Economic Policy and Development of Moscow city.
09.2017 - 01.2020 — Governor of the Perm Territory.
Since January 21, 2020 — Minister of Economic Development of the Russian Federation.
Awarded the Letter of Acknowledgement of the President of the Russian Federation and Diploma of the Government of the Russian Federation.
PhD in Economics.

Anton Siluanov

Minister of Finance of the Russian Federation

Born April 12, 1963 in Moscow.

1985: Graduated from the Moscow Finance Institute with a degree in finance and credit.
August 1985 – March 1987: Economist, senior economist at the Finance Ministry of the RSFSR.
March 1987 – May 1989: Served in the Soviet Army.
May 1989 – January 1992: Chief economist, first rank economist, chief economist, sub-department deputy head and adviser at the Finance Ministry of the RSFSR.
February 1992: Department deputy head at the Economy and Finance Ministry of the Russian Federation.
February 1992 – October 1997: Department deputy head at the Budget Board, division head and deputy head of the Budget Department, and deputy head of the Budget Department at the Finance Ministry.
October 1997 – July 2003: Head of the Department for Macroeconomic Policy and Banking. Since March 22, 2001 has been member of the board of the Finance Ministry.
July 2003 – May 2004: Deputy finance minister.
May 2004 – December 2005: Director of the Department for Intergovernmental Fiscal Relations at the Finance Ministry.
May 2005 – September 2011: Deputy finance minister.
Sept. 27, 2011: Appointed acting finance minister.
December 16, 2011: Minister of Finance.
May 21, 2012: Reappointed Minister of Finance of the Russian Federation by Presidential Executive Order.