Why Russia goes to the Davos forum

An important indicator of

The official Russian delegation at the world economic forum (WEF) in Davos this year will be more representative than the year before, when it was headed by Deputy Prime Minister and presidential Plenipotentiary envoy to the far East Yuri Trutnev. This time it will be headed by first Deputy Prime Minister Igor Shuvalov, in the list of forum speakers are published on the website of the WEF, also is the Minister of economic development Maxim Oreshkin. The forum will also go to Deputy Prime Minister Olga Golodets, said her representative.

Shuvalov, … and Golodets is the full composition of the government delegation, said the government source. The list of speakers also is the Chairman of the Board of Sberbank German Gref, CEO of Russian direct investment Fund (RDIF) Kirill Dmitriev, co-owner of UC Rusal Oleg Deripaska, the head of VTB Andrey Kostin and co-owner of “Olmert” Dmitry Kostygin.

Shuvalov coming to this forum to meet with representatives of the business, as “it is at these meetings resolved issues, discussed practical cooperation,” said a Federal official (a representative of the Secretariat first Deputy Prime Minister is not commenting). The basic agenda of the forum from year to year does not change — Russia “is always open for economic cooperation regardless of the sanctions,” he added .

Russia is open for everyone who wants to develop their business, who understands what the capacity of our economy, our market large who see what benefits appear, for example, in connection with the establishment of the Eurasian economic Union, said on January 11, Prime Minister Dmitry Medvedev at a meeting of the Commission on monitoring foreign investment.

The Davos forum was preceded by a session of the WEF in Moscow, which took place in mid-December of 2016 and was the first in three years — in 2014 the organizers of the forum had suspended such activities on the background of aggravation of relations between Russia and the West after the annexation of Crimea and hostilities in the South-East of Ukraine. At the December session, which was held closed to the press, to investors made a speech. Deputy Prime Minister Arkady Dvorkovich. But in Davos, Dvorkovich will not go, said his spokesman.

“Davos clearly shows that regardless of the political context for investors to maintain a high interest in Russia. This interest may not always be voiced in a public forum sessions, however, the intensity of business communication on the Russian agenda is quite high in all other formats, including closed meetings”, — has transferred through a press-service the General Director of RDIF Kirill Dmitriev. Russia “in the top country of interest” from foreign partners Russian direct investment FUND, he added. Dmitriev will be the speaker at the sessions devoted to Russia and will take part in the traditional meeting of the heads of sovereign funds in the world and several programme activities of the forum, said his spokesman. In addition, the RDIF will hold on the sidelines of the forum about 20 meetings with investors and business partners from Europe, the Middle East, China and the United States.

Reserves are depleted, Russia will soon begin to move to the borrowings, and the main demand should come from global investors, as Russia offers long-term funds is limited, says chief economist at Alfa Bank Natalia Orlova. A more representative delegation to the WEF suggests that the attitude of international investors is becoming a more important indicator for the government than in previous years, she continues. It will benefit, as the communication level was very low, concludes Orlov: “For those [investors] who have some anxiety, obtaining information directly from the government of the country is always a plus”.

“A busy schedule”

“Strategic partners” of the Davos forum this year were five Russian companies (Basic element, VTB, LUKOIL, Sberbank and VimpelCom), 13 were “industrial partners”: DST Global and USM Holdings Alisher Usmanov, “Kaspersky Lab”, “Norilsk Nickel”, “Gazprom oil”, SIBUR, NOVATEK, PhosAgro Tatneft, management company RDIF, Renova group, Severstal, Vnesheconombank (VEB).

President of LUKOIL Vagit Alekperov and Chairman of the Board and co-owner of NOVATEK Leonid Mikhelson go to WEF for a working visit, reported the press service of those companies. Both regularly attend Davos, but they will not announce the transactions or sign agreements, said the interlocutors . General Director of “Gazprom oil” Alexander Dyukov was going to the forum, but will not go due to changes in the work schedule, said the representative of the company. If the WEF is dyukova another representative of “Gazprom oil”, he said. “Tatneft” has not responded to the request .

From “Kaspersky Lab” in the forum will participate founder and CEO Eugene Kaspersky, its Director of research and development Nikita Shvetsov, as well as Vice President for government relations Anton Shingarev. As explained Shingarev, the company Davos is a “convenient meeting place”. “We see great interest from the industrial companies, mainly in the energy sector. Managers have a very tight schedule,” he said, refusing to clarify who exactly appointments. Shingarev noted that every year in Davos, there is a growing interest in the topic of cybersecurity, this year it will be one of the key.

A positive attitude

The day before the official start of the forum PricewaterhouseCoopers (PwC), presented in Davos results of the traditional poll about the expectations of the CEOs of global companies. From this it follows that they were better able to assess the prospects of your business: in 2016, its growth in the next year were confident 35%, in 2017 — already 38% (the survey involved 1.4 thousand people from 79 countries). 49% of respondents are confident in their future and in the next three years, while 29% believe that there are good prospects in the global economy as a whole. Top managers have improved their expectations, despite events such as Brexit and the victory of Donald trump in US elections, which are traditionally considered signs of global uncertainty. Confidence still not reached the level of 2007, but she is recovering, albeit at a slow pace, said President of the international network of PwC Bob Moritz.

From SIBUR at the Davos forum go to the Chairman of the Board Dmitry Konov and managing Director Alexei Kozlov, said the representative of the company. Traditionally, the schedule of participation is very intense, scheduled personal meetings and visits to different sessions and events during the forum, she added. In particular, Konov participates as speaker in the session of The Silk Road Effect (“Effect of the silk road”).

The President of “ER-Telecom Holding”, Andrey Kuzyaev said the company involved in the Davos forum for the second year in a row. The main goal, he said, “to understand global trends in the world economy, to explore the best practices of the industry and discuss them with colleagues.” Special meetings and announcements from the company this time is not planned. The representative of VimpelCom Ltd (which owns the Russian “VimpelCom” and other assets) reported that its top management intends to take part in the event, however, detailed questions did not answer. Representatives of “Basic element” will participate in the forum as speakers and as delegates, he will speak at the session dedicated to the transition to renewable energy, the press service of the company. From “Norilsk Nickel” on the forum will go senior Vice President Andrei Bugrov, said the representative of the company. The representative of “Renova” did not answer the questions.

Representatives of the holding “FosAgro” among others interested in the session about the prospects of the countries of Europe and Latin America, where it supplies products, as well as discussions about the situation in China, which has a strong influence on prices due to the devaluation of the yuan, handed the head of the company Andrey Guriev, who himself will submit it to WEF. In a press-service of Sberbank said that in addition to Gref at the forum will go first Deputy CEO Lev Khasis and Deputy Chairman Stanislav Kuznetsov. The delegation of VTB, which traditionally is headed by Costin, is going to take part in all major events of the forum, said the representative of the Bank. In addition, the forum held a business Breakfast “VTB Capital” with the participation of international and Russian investors. “The main theme of the event will be “the Revival of economies. The restoration of confidence.” It is planned that the meeting will be attended by more than 70 guests, including representatives of state authorities, the largest international and Russian companies and major investors from more than 20 countries,” — said the representative of the Bank.

Reform and the industrial revolution

Forum in Davos this year will be the 47th in a row, his motto is “Responsive and responsible leadership.” The event claimed more than 300 sessions, which will take part more than 2,5 thousand delegates from more than 100 countries. The choice of the motto of the forum organizers decided to attract the attention of global leaders to “the need to update systems that supported international cooperation in the past, adapting them to today’s complex, multipolar world, capable of providing truly objective and inclusive growth”, the report said the WEF.

The co-chairs of the forum will be the CEO of Bank of America Brian Moynihan, Pakistani documentary filmmaker Charmin Obaid is the Reason, former Prime Minister of Denmark Helle Thorning-Schmitt (now head of the NGO Save the Children International), CEO of Philips Frans van Houten and head of Hewlett Packard Meg Whitman.

The forum will also visit the Chinese President, XI Jinping, Google co-founder Sergey Brin, Chairman of the European Parliament Martin Schulz, the founder of Microsoft bill gates, the President of Renault-Nissan Alliance, U.S. Secretary of state John Kerry, the managing Director of the International monetary Fund, Christine Lagarde, CEO of Alibaba Group Jack MA, the British Prime Minister Theresa may, a former Vice-President al Gore and others. Thus the forum will not go the team representatives are elected President of the USA of Donald trump. Source Bloomberg in his administration explained that the presence of trump in Davos would be a betrayal of his campaign statements.

The event program this year is built around five themes: “Strengthening global cooperation”, “the Solution of the problem of identity through positive rhetoric”, “the Revival of the global economy”, “Reform of capitalism”. The fifth topic will be “Preparing for the fourth industrial revolution: workers and the economy for the upcoming convergence of technology and humanity.” It is the “fourth industrial revolution” was presented at the session of Davos in Moscow.

With the participation of Ivan Tkachev, Anna Balashova Anna Monakova, Lyudmila Podobedova, Alena Russian, Igor Orlov, Marina Bozhko Vyacheslav Kozlov