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Oct 16

The Future of US-Russian Business Relations

Location: The Heritage Foundation's Allison Auditorium

Since 2000, Russia has become a true magnet for foreign investment.  Russia was the best performing emerging market in 2000-2006.  In 2006, foreign investment in Russia comprised over $40 billion, while in the first seven months of 2007, it reached $70 billion.  Since 2001, U.S.-Russian bilateral trade has more than doubled to $24.5 billion.  The trade volume is still relatively low considering the size of the two economies.

 

While the growing Russian economy presents enormous trade and investment opportunities for U.S. business, it will also be important for the Russian government to establish more transparent rules for foreign and domestic business players, ensure a level playing field, and apply the rule of law equitably.  The sometimes blurred dividing lines between politics and business are disturbing for Western businesses, as is the Kremlin's tendency toward limiting foreign equity stakes beyond the "strategic" natural resources sector.  Participants will also discuss bilateral policy issues such as intellectual property rights, the still intact Jackson-Vanik amendment, and Russia's accession to WTO.

More About the Speakers

Amb. Gilbert Robinson
Washington Representative,
American Chamber of Commerce in Russia

Patricia Cloherty
Chairman and CEO,
Delta Private Equity Partners LLC,
and Manager,
U.S. Russia Investment Fund and Delta Russia Fund LP

Charles Ryan
Chief Executive Officer,
Deutsche Bank, Russia

Mary Warlick
Senior Director Russia,
National Security Council

Andrew C. Kuchins
Director and Senior Fellow,
Russia and Eurasia Program,
Center for Strategic and International Studies

Amb. James F. Collins
Senior Associate and Director,
Russian and Eurasian Program,
The Carnegie Endowment for International Peace

Donald Jensen
Director of Communications,
Radio Free Europe/Radio Liberty