In the summer of 2016, newspapers were full of headlines that the son of the former head of the Foreign Intelligence Service of the Russian Federation, Petr Fradkov, resigned from the board of Vnesheconombank. However, he retained the post in his subsidiary, which is the Russian Export Center. The latter will exist autonomously under the leadership of Peter Fradkov. Meanwhile, his father from the beginning of January 2017 was appointed director of the Institute for Strategic Studies.
Petr Fradkov: biography
The future director of the Russian Export Center was born in 1978 in the capital of Russia. His father is a statesman, Ph.D., formerly the head of the Foreign Intelligence Service and the Prime Minister in 2004-2007. Fradkov Peter graduated from MGIMO in 2000. His specialty is “World Economy”. Then he continued his studies at the same time at Kingston University in London and the Academy of National Economy of the Russian Federation. In 2006, Petr Fradkov defended his thesis. It was dedicated to the strategic directions of integration of the Russian Federation into the world economy.
Career
Fradkov Peter began working as an expert of the first category in the United States immediately after graduating from the Moscow State Institute of International Relations. In 2004, he received a position in the Far Eastern Shipping Company. From 2005 to 2006, Fradkov worked as First Deputy Director of Vnesheconombank. Since 2007, he became a member of the board of the latter and became a member of the Board of Terminal, which was created to build the third terminal at Sheremetyevo Airport. Since 2011, Pyotr Mikhailovich took the position of Director of the Russian Agency for Export Credit and Investment Insurance. In June 2016, he left his post on the board of Vnesheconombank, remaining the general director of the Russian Export Center. Frakov has been in this position since January 2015. He continues his scientific work. Fradkov works as a professor in the Higher School of Economics at the Department of International Business.
A family
Petr Fradkov is married. In 2005, he had a daughter. His wife works as a teacher at Alma Mater Fradkova. At MGIMO, they met.
Support for Russian goods
P.M. Fradkov in January 2017 took part in the Gaidar Forum, which was held on the basis of the Russian Academy of National Economy. He said that the government allocated 25 billion rubles from the budget to support exporters. This amount should be enough to compensate for the receipt of intellectual patents and certificates, to return the costs of transportation and logistics. Another part of the funds will be used to capitalize Roseximbank and promote Russian goods abroad. The government also focused on the development of trade through electronic platforms. The main emphasis, as Fradkov said, in 2017 will be made on traditional partners: CIS countries, Asia and Latin America. However, much attention is paid to the search for new markets.
Success of 2016
Fradkov commented on lower foreign trade indicators in 2016 than predicted. In his opinion, this is due to opportunistic problems and the devaluation of the ruble. If we consider export in physical terms, then it has grown. In addition, its structure has changed for the better. Non-oil exports in 2016 accounted for only 55% of the total. Since the end of 2016, cost indicators have also begun to grow.
Prospects
The head of the Russian Export Center OJSC believes that 2017 will be a growth period for Russia. Moreover, not only the physical volumes of exports will increase, as happened in 2016, but also its cost indicators. The international cooperation project, which involves the use of special measures to support engineering, will help in this. Fradkov believes that in 2017 it is possible to ensure an increase in non-resource exports by 7%. The global goal is to achieve a twice as high indicator by the 2025th. Government plans for agricultural development are also ambitious. Important is not only an increase in exports themselves, but also the strengthening of the position of companies working with foreign consumers. This should be done not only by large business entities, but also by medium ones. The goal is to increase the number of exporting companies by 10% per year. However, all the bright prospects are associated with overcoming significant difficulties. One of them may be the strengthening of the ruble. A weak currency is beneficial for exporters, it allows them to be competitive, therefore, in this case, Russian producers may lose their positions abroad. Fradkov believes that deeper cooperation with many countries is hindered by issues of an administrative nature, currency and tax control. When solving them, Russia, according to Fradkov, will be able not only to achieve the predicted indicators, but also significantly exceed them.