Yaroslav Lissovolik

Russian Federation

Programme Director of the Valdai Discussion Club; Managing Director of Research - Chief economist, Eurasian Development Bank 

He worked in the International Monetary Fund, where he was Advisor to the Executive Director for the Russian Federation in Washington (2001–2004). Yaroslav Lissovolik joined Deutsche Bank as Chief Economist (2004); he became Head of Company Research in Russia (2009), and a member of the Management Board of Deutsche Bank in Russia (2011). Yaroslav Lissovolik is a member of the Advisory Council of the Central Bank of Russia, a member of the Council on foreign and defense policy and a member of the Bretton Woods Committee. Yaroslav Lissovolik became a member of the Expert Council of the Russian government as well as the Working group on macroeconomic policy of the Presidential Economic Council (2012). Since 2018 he is Managing Director of Research - Chief economist, Eurasian Development Bank.

He has published books on Russia's entry to the
WTO and on Russia's integration into the world economy, as well as numerous
articles and papers on economic and policy issues.


Employing New Construction Tools: BEAMS as the “Supporting Structures” In Global…
The stark realities of a world descending into a vortex of sanctions and protectionism have already given rise to a number of initiatives in the developing world targeting the creation of alternative
The Race Is On: RCEP Could Emerge as the First Megabloc
The theme of trade wars appears to have firmly taken center-stage across the globe – from impacting international trade flows to sending shivers across international financial markets. Emerging market
On BRICS vs. Distance
The BRICS block conceived as a basket of emerging markets to yield financial returns turned out to be far more suited for building something very different – a governance network that reaches out into
Valdai Paper #88: The New Global Governance: Towards a More Sustainable…
Faced with threats ranging from climate change to hugely disruptive technological advances, the world is clearly at a crossroads. More than ever a stable, inclusive and global governance is needed.
BEAMS of the Sunrise: A Look at BRICS 5-Year Cycles
With South Africa’s chairmanship in the BRICS this year and the 10th BRICS summit expected to take place next month, the BRICS have come full-circle in their outreach efforts vis-à-vis other
Signs of Discord at G7
On June 8-9, 2018, the 44th G7 summit will be held in La Malbaie (Quebec, Canada). Even before the summit began, its participants seem to have certain differences, related, first of all, to
The Rising Role of South-South Integration
In the past several decades global trade experienced notable fluctuations, with the post-2007 period in particular exhibiting negative trends amid rising protectionist pressures. The recent
A Look at BRICS Derivatives and Alter Egos
The BRICS grouping was originally advanced largely as an investment benchmark of emerging markets with the highest growth potential. The emergence of BRICS funds targeting asset allocation in the
The Integration Platforms of the Global South
The mounting protectionism emanating from the US in the past month has reached a point of being one of the key risks to the sustainability of the recovery in global economic growth. But apart from the
US Steel Tariffs: Will a Trade War Be Prevented?
On March 1, US President Donald Trump announced the introduction of import tariffs on steel and aluminium at the rate of 25% and 10% respectively. In turn, the European Commission said that if
Russia’s Economic Modernization: A Long-Term Perspective
If there is one thing that we can be certain about with regard to Russia in the next several decades, it is that it will attempt to stage a catch‑up effort vis-a-vis the front-runners of the world
Imago Mundi: A South-South Concert of Continents
In exploring the barriers to growth in the world economy one striking feature is the difference between developed and developing economies in terms of the scale and depth of economic integration. This


Apurva Sanghi on How Russia Should Adjust to Rising China and India
Apurva Sanghi, World Bank Lead Economist for the Russian Federation, talks about the internal reforms Russia would need to undertake to succeed as China and India's economies continue to grow in

A Rebalancing China and Resurging India: How Will The Pendulum Swing For Russia?
On November 16, at 15:00, the Valdai Discussion Club held an expert discussion with the World Bank, titled “A Rebalancing China and Resurging India: How Will The Pendulum Swing For Russia?”

New Normal for the World Economy: The End of Booming Growth? Yaroslav…
On August 23, 2017, the Valdai Discussion Club held an economic seminar, titled “New Normal for the World Economy: The End of Booming Growth?”

Eurasian Economic Union: Recent Trends and Prospects. Economic Seminar
On June 26, the Valdai Discussion Club hosted an economic seminar, titled “Eurasian Economic Union: Recent Trends and Prospects”. Seminar participants discussed successes of, and obstacles to Eurasian