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New opportunities for you in the Russian & CIS trade finance market In the build up to the 6th Annual Structured Trade and...
Alexander Morozov, Chief Economist, Russia and CIS, OO HSBC (RR)Alexander Morozov, Chief Economist, Russia and CIS Alexand...
Sergey Sutyrin, Head of World Economy Department, St. Petersburg State University, ChairHolder, World Trade OrganisationSe...
Would you like to speak to the people shaping the industry?With over 200 delegates and 100 companies represented, the 6th ...
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New opportunities for you in the russian & cis trade finance market

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New opportunities for you in the russian & cis trade finance market

  1. 1. New opportunities for you in the Russian & CIS trade finance market In the build up to the 6th Annual Structured Trade and Export Finance in Russia and the CIS Conference we asked questions at the forefront of industry leader’s minds: Where is the Russian economy headed in 2013? How will macroeconomic trends impact banks’ abilities to finance trade? What impact will WTO accession have on Russian trade and trade finance? What is the outlook for the Russian trade finance market in 2013 and beyond? Which will be the key industries for growth? Discover what Alexander Morozov, Chief Economist, Russia and CIS, OO HSBC (RR) and Sergey Sutyrin, Head of World Economy Department, St. Petersburg State University, Chair Holder, World Trade Organisation thought on these issues on pages 2 & 3 of our NEW e-book.To register or for more information...1. Visit www.euromoneyseminars.com/STEF-RU The market in one2. Contact our events team on (UK) +44 (0)20 7779 7222 place3. Email kproverbs@euromoneyplc.com
  2. 2. Alexander Morozov, Chief Economist, Russia and CIS, OO HSBC (RR)Alexander Morozov, Chief Economist, Russia and CIS Alexander Morozov joined HSBC inSeptember 2005. Prior to this, he has held senior positions at the World Bank and RussianAcademy of Sciences, specialising in monetary and fiscal issues concerning the countries of theformer Soviet Union (FSU). He is based in Moscow from where he also covers the FSUcountries. Alexander holds a Ph.D.(Econ) from the Institute of Economics, Russian Academy ofSciences. He has numerous publications in Russian and foreign economic journals.Where is the Russian economy headed in 2013? How will macroeconomic trends impact banks’ abilities to financetrade?After economic growth moderation to 3.4% in 2012, Russian GDP will likely ease its growth to 2.5% this year. This is badnews. The good news is that the Russian economy has already stabilized its growth. Moreover, there are good chancesfor some bottoming out in the second half of the year. Of course, weaker economic growth would likely weigh onforeign trade growth that nevertheless should outpace GDP growth. Since private consumption will likely remain the keygrowth driver of the Russian economy this year, wholesale and retail trade growth should remain robust. These factorsshould retain banks interest in financing trade.What impact will WTO accession have on Russian trade and trade finance?WTO has very minimum impact on Russia and Russian trade in the short-term. Apart from a very few goods, immediatechanges in tariffs upon Russias accession to WTO were minimal. Yet, over the longer-term the expected standardizationof internal regulations with those of WTO and liberalization of foreign investment in business services should boosteconomic growth and trade in Russia. As a result, the degree of openness of the Russian economy should increase, withtrade and trade finance playing a more important role in this process.What is the outlook for the Russian trade finance market in 2013 and beyond? Which will be the key industries forgrowth?The Russian economic growth in 2013-14 will be driven by domestic demand; private consumption, in particular. Itfollows that those industries that meet consumption demand will demonstrate the fastest growth. Non-food retail,telecoms, cars, housing are examples of such industries. This sets up a good base for trade finance growth. I expect thatbanks will not miss good business opportunities in this market segment.What are the prospects for the Russian economy in 2013? Alexander Morozov will debate the impact of macroeconomicchanges on trade and export finance. To register or for more information... 1. Visit www.euromoneyseminars.com/STEF-RU The market in one 2. Contact our events team on (UK) +44 (0)20 7779 7222 place 3. Email kproverbs@euromoneyplc.com
  3. 3. Sergey Sutyrin, Head of World Economy Department, St. Petersburg State University, ChairHolder, World Trade OrganisationSergei Sutyrin is Professor and World Economy Department Head at St. Petersburg StateUniversity (SPSU). During last three years he also has led one (and the only on the territory offormer Soviet Union) of fifteen WTO Chairs nominated by the World Trade Organization in variousregions of the globe. In addition to his professorship at SPSU Sutyrin has delivered lectures inseveral Universities in Finland, Germany, Japan. Research interests of Prof. Sutyrin include Russianforeign economic relations, international trading system and global governance. He is an author ofmore than 200 books, pamphlets and articles in different fields of economic theory. Sutyrin has been involved in manyresearch projects funded in particular by EU, DAAD, CIDA, International Trading Center.Where is the Russian economy headed in 2013? How will macroeconomic trends impact banks’ abilities to financetrade?According to what might be called more or less realistic forecasts, Russian GDP in 2013 will demonstrate modest growthof about 3.5%. Roughly the same dynamics in 2012 was accompanied by 18.9% expansion of commercial banks’ assetsand 12.7% increase in credits granted to non-financial entities. We might expect similar trend to continue this year withrespective positive impact for trade finance. Extra contribution could be provided by EXIAR.What impact will WTO accession have on Russian trade and trade finance?There are good reasons to believe that Russia’s accession to the WTO will generate additional incentives andopportunities for both export and import operations. Despite the fact that in 2012 growth of Russian foreign trade (aswell as global trade in general) slowed down in comparison with 2011, it most probably will continue to expand.What is the outlook for the Russian trade finance market in 2013 and beyond? Which will be the key industries forgrowth?International experience clearly suggests that in many instances foreign trade tends to carry larger financial constraintsthan domestic one. Under the circumstances demand for a variety of trade finance instruments to support increasingflow of international transactions has to be strong enough. It is not by chance that in Russian case trade finance marketwas on a rise for last couple of years. Prospects for 2013 are modestly positive. As for industrial composition, withrespect to import – machines and industrial equipment are major candidates; with respect to export – metallurgy,machine building, aircraft construction, and power engineering could be especially interested in trade finance.Sergey Sutyrin will be giving the keynote address on 18th April discussing whether Russia’s accession into the WTO is awin win for all? To register or for more information... 1. Visit www.euromoneyseminars.com/STEF-RU The market in one 2. Contact our events team on (UK) +44 (0)20 7779 7222 place 3. Email kproverbs@euromoneyplc.com
  4. 4. Would you like to speak to the people shaping the industry?With over 200 delegates and 100 companies represented, the 6th Annual Structured Trade and Export Finance in Russiaand the CIS Conference will be the place for you to network with the regions key players, discuss the latest news andwhat we are all here for, to get deals done, all under one roof Gain cutting edge market knowledge from industry leaders and debate strategies for handling market challenges Take advantage of unparalleled networking opportunities at the informal settings provided by lunches, networking breaks and cocktail receptions to build new relationships and strengthen existing connections Discuss what opportunities will arise in 2013 and beyond, and define your business strategy With unparalleled networking, topical debate and the most influential names attending, join us at the Hotel Baltschug Kempinski, Moscow, Russia between 18th & 19th April 2013. Register your place today by emailing kproverbs@euromoneyplc.com calling (UK) +44 (0)20 7779 7222 or visit www.euromoneyseminars.com/STEF-RU To register or for more information... 1. Visit www.euromoneyseminars.com/STEF-RU The market in one 2. Contact our events team on (UK) +44 (0)20 7779 7222 place please contact us by emailing kproverbs@euromoneyplc.com, calling (UK) +44 (0)20 7779 7222 or visiting 3. Email kproverbs@euromoneyplc.com our websiteplease contact us by emailing kproverbs@euromoneyplc.com, calling (UK) +44 (0)20 7779 7222

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