Business programme

The COVID-19 pandemic has forced the entire world to rethink the concept of sustainable development, and most developed countries, particularly in the European Union, are basing economic recovery efforts on ESG principles with the objective of making the world a greener place. Under its Green Deal, the EU aims to achieve net-zero greenhouse gas emissions by 2050, and the called-for transition to renewables will cause a decline in demand for Russian energy resources. Indeed, under the baseline scenario, the EU’s carbon tax is expected to negatively impact the Russian economy to the tune of more than EUR 33 billion between 2025 and 2030. And despite a number of successful initial green finance bond launches by Russian issuers, Russia is only just beginning to implement ESG approaches. By 2023, green technologies could grow to become a RUB 3-trillion industry in Russia. However, sustainability projects, let alone climate-protection projects, are costly, and presently only offer low returns. It is therefore essential for Russia to establish a green finance system. With a national taxonomy in place, it would be possible to verify projects and attract finance from Russian and foreign investors.

Moderator
Yermolai Solzhenitsyn, Senior Partner, McKinsey & Company

Yermolai Solzhenitsyn

Senior Partner, McKinsey & Company

Supports companies in the metals and mining, oil and gas, aircraft, and travel sectors, helping clients to improve strategy, operations and sales, as well as leading organization and governance transformations.
Since joining McKinsey in 1998, Yermolai has developed wide experience in strategy development, operations and sales improvements, and organizational and governance system transformation for companies in the metallurgy, oil and gas, aircraft, and transportation sectors. He takes an active part in projects related to municipal and regional infrastructure development , as well as healthcare system improvement efforts aimed at improving the quality of services provided by healthcare institutions.
Yermolai is a leader of McKinsey EMEA Metals & Mining Practice and a co-leader of McKinsey’s EMEA Oil & Gas Practice. He is a member of our global Travel, Infrastructure, and Logistics Practice and takes an active part in international projects to develop new approaches to operations improvements for companies in the raw materials sector.Yermolai is a also a co-leader of McKinsey’s Healthcare and Pharmaceuticals and Medical Products practices in Europe.
Before joining McKinsey, Yermolai spent several years working in China and Taiwan and, later, as a consultant at the World Bank in Washington DC.

Panellists
Lord Barker, Executive Chairman of the Board of Directors, En+ Group (online)
Elena Borisenko, Deputy Chairman of the Management Board, Gazprombank
Maxim Lapin, Chief Financial Officer, Member of the Executive Board, Moscow Exchange
Alexey Miroshnichenko, First Deputy Chairman, Member of the Board, VEB.RF
Oleg Mukhamedshin, Director for Strategy and Investor Relations, RUSAL
Ilya Torosov, Deputy Minister of Economic Development of the Russian Federation
Ksenia Yudaeva, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)

Lord Barker

Executive Chairman of the Board of Directors, En+ Group

Lord Barker was appointed as the Independent Chairman of the En+ Board of Directors in October 2017, immediately prior to the company’s successful IPO in London.
In February 2019 he was appointed as Executive Chairman of the Board.
Lord Barker was previously a member of the British House of Commons from 2001 to 2015. From 2010 to 2014. Lord Barker served as UK Minister of State for Energy & Climate Change, under Prime Minister David Cameron, becoming the longest serving British energy minister for a generation.
In August 2015, he was made a life Peer and, since October 2015, has been a member of the UK House of Lords.
Lord Barker has extensive business experience in the energy sector, mergers and acquisitions, corporate finance, investor relations, and private equity gained prior to a successful career in politics.
Lord Barker was educated at Lancing College, London University and London Business School.

Elena Borisenko

Deputy Chairman of the Management Board, Gazprombank

As the First Vice-President and the Member of the Board, Ms. Borisenko is overseeing the Gazprombank’s Legal Department and responsible for addressing all legal matters encountered by Gazprombank and its group of companies.
Education
Saint Petersburg State University, Law School (2000)
Legal practice
Private legal practice, corporate and commercial law (2000-2008)
Member of Saint-Petersburg Bar Chamber (2001-2008)
State Service
2008 - 2009 - Advisor to the Head of the Federal Registration Service
2009 - 2010 - Advisor to the Minister of Justice of the Russian Federation
Feb. 2010 - March 2011 – Head of the Department of Legal Aid and Cooperation with Judicial System, Ministry of Justice of the Russian Federation
2011 - 2012 - Advisor to the Minister of Justice of the Russian Federation, Official Representative of the Ministry of Justice of the Russian Federation in the Constitutional Court of the Russian Federation
2012 - 2015 – Deputy Minister of Justice of the Russian Federation.
Teaching and lecturing
Saint-Petersburg State University, Law School, State and Administrative Law Department (2013-till now)

Maxim Lapin

Chief Financial Officer, Member of the Executive Board, Moscow Exchange

Max Lapin was born in 1979.

Maх Lapin obtained a summa cum laude masters degree in financial economics from the Moscow State University, and graduated within top 3% of the MBA’07 class from the Columbia Business School, majoring in corporate finance. He is a dedicated follower of the beyond budgeting management philosophy, applied mathematics, econometrics, big data and digital marketing.

Before joining Moscow Exchange Max Lapin was a member of the Management Board and a Business Development Director at MMK. Before MMK he was in charge of Planning and Analysis at Sibur. Previously, Max worked with the Moscow office of McKinsey & Company where he focused on strategy and operational efficiency in the industrial and banking sectors.

Max Lapin was appointed as the Chief Financial Officer and the Member of the Executive Board of Moscow Exchange in September 2017.

Alexey Miroshnichenko

First Deputy Chairman, Member of the Board, VEB.RF

Born on 05 March 1982 in Moscow.

Information About Vocational Education:
Lomonosov Moscow State University, 2003,

Degree: Mathematician, Major in Mathematics and Applied Mathematics

Finance Academy under the Government of the Russian Federation, 2008, Degree: Candidate of Science (Economics), Major in Mathematical and Instrumental Methods in Economics

TRIUM (NYU Stern, LSE and HEC (Paris)), 2015 г. Executive MBA

Professional Background:
2002–2003, Informcontract Consulting Company, Assistant at Consulting Unit;
2003–2005, AlfaStrakhovanie, Lead Specialist at Business Process Improvement and Modeling Group, Operations Department;
2005–2006, Triangle, Consultant at Management Consulting Unit;
2006–2010, PwC Russia, Senior Consultant, Assistant Manager, Manager, Senior Manager at Consultancy Services Unit, Business Consulting Division;
2010–2018, Gazprombank (Joint Stock Company), Head of Department, Vice President — Head of Transaction Risks in Financial Markets Department, Vice President, Executive Vice President, First Vice President;
Since July 2018, Deputy Chairman of Vnesheconombank.

Oleg Mukhamedshin

Director for Strategy and Investor Relations, RUSAL

Oleg Mukhamedshin was appointed Deputy CEO, Director for Strategy, Business Development and Financial Markets in 2012. Prior to his current position, in 2011 Mr Mukhamedshin was RUSAL’s Head of Equity and Corporate Development, RUSAL’s Director for Financial Markets, and Director for Capital Markets from 2007 to 2011.
Oleg Mukhamedshin is responsible for Company's strategy development and implementation, M&A deals and growth projects, raising finance and RUSAL's debt portfolio management.
He was also in charge of restructuring RUSAL’s USD 16.6 billion debt in 2009-2011 and RUSAL’s USD 2.2 billion IPO on the Hong Kong Stock Exchange and Paris’ Euronext in 2010. Under his leadership, RUSAL become the first company to launch a Russian Depository Receipts programme.
From 2006 through 2008 Oleg Mukhamedshin took part in preparing and implementing major M&A transactions, including the acquisition of a 25% stake in MMC Norilsk Nickel and merger with SUAL and Glencore’s bauxite and alumina assets.
From August 2004 through March 2007, Mr Mukhamedshin was RUSAL’s Deputy CFO, overseeing corporate finance.
From 2000 to August 2004, Oleg Mukhamedshin was Director of RUSAL’s Department for Corporate Finance.
Prior to joining RUSAL, Oleg Mukhamedshin occupied various executive positions in corporate finance in leading Russian natural resourse companies including TNK (now TNK-BP). Between 1999 and 2000, he was an advisor to the principal shareholder of the Industrial Investors Group. From 1994 to 1995, he worked with the investment bank PaineWebber to help establish the Russia Partners Fund, one of the first international direct investment funds in Russia.
Oleg Mukhamedshin was born in 1973.
Oleg Mukhamedshin holds a BA in Economics with Honours from Moscow State University.

Ilya Torosov

Deputy Minister of Economic Development of the Russian Federation

Born on 14 October 1982 in Moscow.
In 2004, graduated from the State University of Management.
2005–2006 Chief Economist, OAO Alfabank.
2006–2008 Chief Specialist, Senior Manager of Corporate Banking Development group in Central region of the Russian Federation, JSC Raiffeisenbank.
2008–2015 Head of the Department for High Profile and Corporate Customer Relations, MDM Bank.
2015–2017 Head of Corporate Customer Service and Financing Directorate, PJSC TransKapitalBank (TKB Bank).
2017–2018 Executive Director/ Executive Partner, UDR group of companies.
From January 2018 to March 2018 Advisor/Acting Deputy Chair of the Board, TROIKA-D BANK.
From 12 March 2018 Deputy Minister of Economic Development of the Russian Federation.
Candidate of economic sciences.

Ksenia Yudaeva

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

Born on 17 March 1970 in Moscow.

Education:
1992: graduated from the Lomonosov Moscow State University.
1994: graduated from the New Economic School.
PhD in Economics from the Massachusetts Institute of Technology.

Career
She was awarded the Order of Honour, the Order for Merit to the Fatherland 4th class, and the Acknowledgment of the President of the Russian Federation.
1998–2000: Lead Researcher at the Russian—European Centre for Economic Reforms, Moscow.
1998–1999: study course at the Stockholm Institute of Transition Economics, Sweden.
1999–2006: Senior Researcher at the Central Economic and Mathematical Institute of the Russian Academy of Sciences, Moscow.
2000–2006: Lead Researcher, Director of Economic Policy Research at the Centre for Economic and Financial Research, Moscow.
2003–2006: Fellow of the Research Council at the Carnegie Moscow Center.
2006–2008: Research Supervisor at the Centre for Strategic Research, Moscow.
2008–2012: Senior Advisor to the President — Chief Economist, Director of Sberbank’s Centre for Macroeconomic Research, Moscow.
2012–2013: Chief of the Presidential Experts’ Directorate at the Presidential Executive Office, Moscow.
Since September 2013: First Deputy Governor of the Bank of Russia.
Member of the Bank of Russia Board of Directors (since 10 October 2018).

Front row participant
Maria Bagreeva, Deputy Chief of Staff of the Mayor of Moscow

Maria Bagreeva

Deputy Chief of Staff of the Mayor of Moscow