On June 17th, the St. Petersburg International Economic Forum (SPIEF) hosted a discussion "Lack of Active Players on Global Digital Markets Creates New Opportunities for Competition".
Digital markets have been severely impacted by the current shifting geopolitical landscape. Since the industry's inception, without strict regulation or oversight, digital companies have found themselves competing globally and in close alignment with competitors. This is both a key strength and weakness of digital markets. Now that restrictions have been imposed on foreign companies in Russia and Russian companies in global markets, competition is much lower, and business models need to be re-imagined. Experts discussed whether the shifting competitive conditions should constitute a loss for the market and how we can best facilitate and promote competition.
Moderator:
- Sergey Zverev, Chairman of the Board of Directors, CROS
Panellists:
- Marina Amelina, Chairman, GR-Club RAEC
- Aleksey Ivanov, Director, HSE - Skolkovo Institute for Law and Development, International BRICS Competition Law and Policy Centre, National Research University Higher School of Economics
- Anatoly Pechatnikov, Deputy President – Chairman of the Management Board, VTB Bank
- Kirill Tsarev, First Deputy Chairman of the Board, Sberbank
- Maksut Shadaev, Minister of Digital Development, Communications and Mass Media of the Russian Federation
- Maksim Shaskolskiy, Head, Federal Antimonopoly Service of the Russian Federation (FAS Russia)
Read more about how the session went here.