The APEC Business Advisory Council (ABAC) was established in November 1995 to enhance the efficiency of the forum’s cooperation with regional business leaders. ABAC’s main goal is to draft proposals on cooperation issues and to prepare recommendations for the implementation of APEC decisions that may affect business interests. ABAC comprises three business leaders from each APEC economy.
In 2013-2015, Russia was represented on ABAC by Oleg Deripaska, Chairman of Supervisory Board of Basic Element; Kirill Dmitriyev, CEO of the Russian Direct Investment Fund (RDIF); and Andrei Kostin, President and Chairman of the Management Board of VTB Bank.