President of the Energy and Finance Institute Foundation (since 2004); leading Research Fellow of the Institute ofWord Economy and International Relations of the Russian Academy of Sciences (since 2001). Member of the Valdai Discussion Club.
Dean of the Management Department at the International University, Moscow (since 2005); Member of the Council for Foreign and Defense Policy; President of the Association of Independent Centers of Economic Analysis.
Previous positions: held scientific and administrative posts at the Institute of Word Economy and International Relations of the Russian Academy of Sciences (1971-1991); Deputy Minister -Chairman of the Foreign Investment Committee of the Russian Economics and Finance Ministry (1991-1992); Adviser to the Russian Directorate of the International Bank for Reconstruction and Development (1992-1997); Director General of the Bureau of Economic Analysis (1997-2001).
Author and co-author of several dozen papers on economics.
Investments among BRICS countries are staying on the very low rate. At the moment BRICS countries mainly invest to developed countries (USA, EU), and also to countries which are close with their geographic position. The BRICS Development bank could play the role of new integral institution.
Usually a crisis is triggered by some disaster, like the collapse of Lehman Brothers in September 2008. When this happens, consumption declines more than earnings because people start saving out of fear. But consumption has come back to normal in Russia in the past two years. We can expect a slowdown of domestic demand because of the expectation of the crisis, but to avoid this we must stop scaring the public.
The democratic structure of society is contributing to the demand for a higher quality of life. The prosperous part of the middle class differs from the bulk of the population by its greater demand for democracy.
Russia is one of the world’s largest energy suppliers and players on the energy market. It produces 9.6% of the world’s primary energy and annually invests about 4.5% of its GDP in the energy sector. Therefore, it needs to make regular and thorough analyses of global energy markets for purposes of national strategic planning and corporate investment.
Over the past 20 years, the industry has been using facilities created during the Soviet era, and has only built a few new ones. The majority of its assets is obsolete and need to be repaired and upgraded. Humanity is starting to save resources by using energy efficient technology, alternative fuels, and renewable sources of energy.
Turning towards the East is not Russia’s willful decision – it cherishes its European market. It is not a forceful move either but an objective reality. The East is experiencing the need for a coal substitute. Besides, there is a partial gap to fill following the loss of some of Japan’s nuclear energy.
Economic reintegration of former Soviet nations was the focus of a recent forum held to assess cooperation in the twenty years since the Soviet Union was succeeded by a loose confederation of former Soviet states that became known as the Commonwealth of Independent States.