Ravi Patel: Cooperation among young leaders from Russia and the U.S.

At the Eastern Economic Forum, new growth areas will be found for regional cooperation between Northeastern China and the Russian Far East, which will become a powerful driving force for trade and for the economies of both countries — believes General Manager of China Chengtong International Investment Zhou Liqun, who is also Chairman of the Union of Chinese Entrepreneurs in Russia, Head of Representation at the Centre for Trade Development and Investment Management in Europe, and President of the Greenwood International Trade Centre.

The current perspectives for the formation of international energy markets are mainly due to the policy of decarbonization of world energy and the growth of energy consumption. Each country forms its energy policy based on its own fuel and energy potential and the situation on international energy markets. The global oil market is currently largely dependent on global processes with a high degree of ‘uncertainty" associated with the use of protectionist and political methods of struggle in the global world economy. «Trade wars», and sanctions increase the uncertainty of the market for the «global» energy resource — oil. The global market for «alternative» energy and technology in this area is much more defined and predictable. The introduction of «platform» economy methods in the energy sector, in combination with the macroregional form of organization of energy markets, will reduce uncertainty factors by avoiding protectionist methods, including sanctions methods, leaving them behind the «perimeter» of macroregional borders.

The review, prepared by experts at McKinsey & Company, focuses on the new realities of economic and social relations caused by the COVID-19 pandemic and its consequences.