VTB Capital represented the VTB Group at this year’s St. Petersburg International Economic Forum (SPIEF). Speakers from across the group were involved in a number of key sessions at the event which took place between 18-20 June 2015.
In partnership with VTB Capital, SPIEF held a panel session "Global finance as a commons – guarantor or threat to stability?" During the event, leading international and Russian experts discussed the further development and potential geopolitical risks of using the current international trade and financial system. The discussion was attended by Andrey Kostin, VTB Bank President and Chairman of the Management Board; Alexei Moiseev, Deputy Finance Minister of the Russian Federation; Shamshad Akhtar, Executive Secretary at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP); Jean-Pierre Thomas, President at Thomas Vendome Investment; Richard Werner, Professor at University of Southampton; and Andy Xie, Independent Economist specialising in China and Asia. The session was moderated by John Fraher, Executive Editor for International Government at Bloomberg.
Andrey Kostin, VTB Bank President and Chairman of the Management Board, also took part in the panel session "Financing Growth, Infrastructure and Investment, Anti-Corruption, Emerging Markets Priorities", which was held in the framework of the B20 Regional Consultation Forum. In addition, Andrey Kostin participated in the roundtables "Russia – Italy: Historical Ties Too Strong to Sever" and "Business Perspective on EU – EAEU as a Formula for Cooperation."
Yuri Soloviev, First Deputy President and Chairman of the Management Board of VTB Bank and Chairman of VTB Capital holding companies Board of Directors, was a speaker in the panel session "Transformative Infrastructure: Realizing Mega Projects". During the event, the key Russian and international experts discussed the specifics of implementation and the potential risks in the construction of major global infrastructure projects, including the construction of the Nicaraguan canal, "Power of Siberia" and "Turkish Stream" pipelines, as well as their impact on the global economy.
Alexei Yakovitsky, Global CEO at VTB Capital, also took part in the session "The Big Shift to Domestic Sourcing of Capital", where experts discussed the development of domestic capital markets as a source of corporate financing in Russia, as well as necessary measures to ensure economic growth.
On the same day, there was a major economists’ roundtable, “A Five-Year Prognosis – the End of Growth”, which was attended by Neil MacKinnon, Global Macro Strategist at VTB Capital. The participants discussed monetary policy of the largest world economies and their impact on the investment climate in emerging markets and the overall stability of the global financial system.
Traditionally the main venue for communications of VTB Group at the Forum is the company's stand. During the three days of the Forum VTB signed three agreements and held a number of business meetings with VTB Group’s partners and clients at the company’s stand. Most crucially, an agreement was signed between VTB Bank and JSC "MOESK" to open a credit line, as well as a business agreement between VTB24 and the Government of the Saratov region, and a memorandum of understanding between VTB Bank and Eurasian Resources Group.
SPIEF is a key platform for the discussion of issues affecting the development of effective interaction of the Russian and international business community. This year, the business program of the Forum included a variety of interesting and informative discussions, bringing together the interests of experts and market participants from around the world. VTB Capital’s participation in the Forum is one of the most important components of its business strategy, ensuring the promotion of Russian assets abroad, cooperation with foreign investors and the development of investment attractiveness of Russia.
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