‘Russian House’ Welcomes International Guests, Investors

The official Russian residence at the World Economic Forum (WEF) 2019, which kicked off in Davos, Switzerland on Tuesday, will host several business events till January 25, Ruskiymir.ru reports.

Russia House, which is organized by the Roscongress Foundation, is a platform for promoting Russian initiatives among representatives of international business and official circles who come together in Davos during the WEF.

Participants, including Russia’s Minister of Energy Aleksandr Novak, Chairman of the Board of Sibur Dmitry Konov and Vice Chairman of IHS Markit Daniel Yergin, will discuss global energy development and security.

“We are currently going through a period of energy transformation, the consequences of which are in part increased volatility on the global energy markets. Given this reality, it is important to accurately evaluate long-term prospects for the market and for companies, and to continue to pursue and increase the level of investment in the real sector of the economy, including during periods of short-term instability…” said Novak as cited by Roscongress website.

The heads of international energy companies will also talk about Russia’s competitiveness in the global energy market.

The Russian delegation to the WEF is led by the Minister of Economic Development Maksim Oreshkin. He will participate in the sessions to discuss promising trends of the Russian economy.

“Today, innovative projects and services are both the main driver and an effective tool for improving the quality and ramping up the volume of investments,” Oreshkin says.

“Raising the level of competitiveness of our country in the high-tech market will not only affect the development of the economy and the growth of non-oil exports but also benefit all areas of life,” he said.