Zakhar Smushkin, Chairman of JSC Ilim Group, was one of the panelists in the Russia-North America Business Dialogue held as part of the St. Petersburg International Economic Forum 2021. Participants discussed the difficulties of building partnership between Russian and American businesses in current geopolitical environment, the way trade limitations and restrictions affect investments, and the challenges that Russia and the USA may address together.
Sergey Kravchenko, President, Boeing Russia/CIS, Andrey Bugrov, Senior Vice President for Sustainable Development, Norilsk Nickel, Boris Titov, Presidential Commissioner of the Russian Federation for the Protection of Entrepreneurs’ Rights, Daniel Russell, President, US–Russia Business Council (USRBC) and others took part in the Russia-North America Business Dialogue.
International Paper, the world's largest pulp and paper manufacturer, has been the strategic partner of Ilim Group since 2007. The joint venture efficient work allowed to successfully implement the largest investment program in the Russian forest products sector with CAPEX exceeding USD 3 billion. The key completed projects include: the world's largest bleached softwood fiberline in Siberia, modern capacities for production of high-quality white papers in the Arkhangelsk Oblast, as well as upgrade of the existing manufacturing assets and development of the state-of-the-art infrastructure.