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Davos in Russia House: highlights from day two of the business programme

23 January 2020
Давос в «Русском доме»: итоги второго дня деловой программы

Russia House in Davos is continuing to welcome guests and business programme participants. Today, the Russian residence in Davos welcomed over 600 people.

The second day of the business programme kicked off with a discussion on inequality as a barrier to economic growth. Taking part in the session were Maxim Oreshkin, Minister of Economic Development of the Russian Federation (2016–2020); Ray Dalio, financial markets guru and Founder of the investment company Bridgewater Associates; and Tigran Khudaverdyan, Managing Director of Yandex.

«Inequality is not just a political and social issue but a huge economic challenge. Nowadays, well-established countries, companies and industries don’t want competitors emerging in developing countries and generally moderate their behaviour so as to control — as far as possible — what’s happening in terms of their competition. This type of global pseudo-monopolistic behaviour is acting as a serious barrier to global economic growth,» said Mr. Oreshkin during the discussion.

In the afternoon, a discussion was held entitled: ‘Fathers and Sons: ESG Issues and the Generation Gap’. The main issue discussed by the panel was what companies must do today in order to meet the values and requirements of the future generation over the next 10 years.

«ESG primarily involves the environment, social sector and corporate governance. Why are these principles important? They’re essential to create and maintain our common home. Society, the government and companies are all we need for a peaceful existence. In today’s day and age, it’s important to discuss protecting the environment. It’s important to ensure that everyone can live in a fair society in which jobs are created and essential healthcare measures are in place. All of that helps build a healthy society for the future,» said special guest Cardinal Peter Kodwo Appiah Turkson, Dicastery for Promoting Integral Human Development.

Can culture give impetus to the restoration of respectful relations between Russia and the West? What must be done to preserve cultural heritage and national traditions while strengthening Russia’s authority in the cultural sphere? These questions were raised during a session entitled: ‘Cultural Ties to Enhance Cooperation between Russia and the West’. Among the participants were Chief Rabbi of Moscow and President of the Conference of European Rabbis, Pinchas Goldschmidt; President of Orion Heritage, David Iakobachvili; Associate Professor at St. Petersburg State University, Natalia Kovalevskaya; President of ER-Telecom Holding, Andrey Kuzyaev; and General Director of Creative Production, Julia Morozova.

The joint events held by the Roscongress Foundation and the World Economic Forum generated much interest among Russia House guests. One of the sessions was dedicated to cooperation between Russia and European countries (‘Europe—-Russia Diplomacy Exchange’). «Russia and Europe need one another, but there ought to be a new structure. There’s no need reminding ourselves of how good things used to be, because that’s in the distant past. The world needs changes», concluded Fyodor Lukyanov, Research Director at the Foundation for Development and Support of the Valdai Discussion Club and Chief Editor of Russia in Global Affairs Journal.

The business programme concluded with a session on the development of artificial technology in which participants discussed the development of national artificial intelligence strategies aimed at increasing the economic potential of countries across the world.

The Roscongress Foundation has continued to sign a range of agreements in Davos. An agreement on cooperation was signed by the Roscongress Foundation and the Moscow Department of External Economic and International Relations with a view to running joint strategic events to promote Moscow and Russia internationally.

The business programme can be found on the official Russia House website: houserussia.com.

The official Russian residence is open to Davos guests and participants until 24 January.