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Energy Charter speaks on energy investments at VI. International Legal Forum in St. Petersburg

On 19 May 2016, at the invitation of Inter-RAO, the Legal Counsel of the Energy Charter Secretariat Alejandro Carballo Leyda participated at a roundtable on investment attraction to the Russian energy sector moderated by Aleksandr Pakhomov, Management Board Member – Head of Legal Department of PJSC Inter RAO. Other panelists included Anastasiya Bondarenko, Head of the Legal Department of the Ministry of Energy of the Russian Federation, Sergey Esyakov, First Deputy Chairman of the State Duma Committee of the Federal Assembly of the Russian Federation on Energy, Vitaliy Korolev, Deputy Head of the Federal Antimonopoly Service of the Russian Federation, Anna Otkina, DLA Piper Partner and Aleksey Chichkanov, Executive Vice-President – Head of the Public-Private Partnership Centre of Gazprombank JSC.

The panel concluded that the attraction of new investors to the energy sector depends to a large extend on the strengthening of the legal and regulatory framework, protecting the rights of investors. The legal counsel pointed out the relevant role of the Russian Investment Promotion Agency and of the business/investment ombudsman. Russia is a signatory of the Energy Charter Treaty.