OREANDA-NEWS. Vnesheconombank's First Deputy Chairman - Member of the Board Petr Fradkov and Vnesheconombank Deputy Chairman (Chief Economist) - Member of the Board Andrei Klepach took part in the Gaidar Forum-2016.

Speaking at a panel discussion "Russia and Europe: Economic Prospects" Petr Fradkov said that the need on the part of business for insuring exports to Europe had increased manifold. To my mind, this is not a favorable signal because the need to close this risk even in 2013 or in 2014 was not so significant, it was insignificant. Instruments for insuring political risks did not prevail over other instruments.

Experts placed special emphasis on discussing the connection between the economies of Russia and Europe, they also considered implications of mutual sanctions, conditions and prospects for resetting Russian-European relations in a post-sanction period.

Andrei Klepach took part in an expert discussion "China's Economy: Potential Scenarios and Strategies for Russia". In his opinion, Russia's economy could grow at a rate of 4-5% but we could make it happen if we create a significant export potential and could expand our positions on China's market substantially. Even if China's economic growth rate is 5 or 6% it will become a serious driver for Russia's economic growth.

The Forum's participants discussed structural causes and long-term implications of China's slowdown, China's reaction to integration processes in the Asia-Pacific region and the Trans-Pacific influence on economic growth rates in China. Special emphasis was placed on China's sectorial markets which are of interest for Russia under the new conditions as well as on raising capital fleeing China.