No. 187

  USRCC Business Newsletter
USRCC Activities
The 8th Annual Welcome Reception
Honoring Russian and CIS Delegations to the 
Breakbulk Americas  2018

On October 3, 2018, the USRCC hosted its 8th Annual Welcome Reception Honoring Russian and CIS Delegations to Breakbulk Americas 2018. The event took place in Four Season Hotel, Houston TX. 

The reception was attended by more than 80 business representatives including  leading experts in shipping, transportation and logistics, real estate development, suppliers, investors,  executives from oil and gas industry, and Government officials. Among others, the attendees included representatives from the Port of Philadelphia, Antwerp Port Authority, Port of Houston, Radiant Maritime India Ltd., PENN Warehousing and Distribution,  NUCO Logistics, Inc., GTG Technology Group,  FR8AGENT Logistics,  Jones, UNI International, NEK, Atlantic RO RO, CISN Shipping Group, Amrus Logistics, Bahri Logistics, NOV, Wolseley Industrial Group, and many others.

The audience was greeted by Hon. Alexander Pisarev, Consul General of the Russian Federation and Mr. Will Whitehouse, Senior Manager, Trade Development, Port of Houston.

This year's event also included educational session on the latest trends and developments in shipping and logistics. P resentations were made by Mr. Nikolay Belikov,   Operations Director, JSC "NEK" and Ashish Gadnis, Co-Founder and CEO, BanQu. 

Mr. Belikov provided the audience with an overview of the Eurasian Economic Union ("EAEU") and included  the information regarding current  EAEU membership, statistical trade data, highlighted key changes in EAEU Customs Code as well as  negative and positive aspects of the EAEU implementation.

Mr. Ashish Gadnis's presentation was focused on the blockchain technology in shipping.  Mr. Gadnis showed application of the blockchain technology in shipping and logistics, explained its impact on  efficiency and transparency of supply chain, including storage, delivery and payment, and presented new  solutions for businesses that traditional models were not able to provide. Due to the complexity of today's current supply chain, there was a lot of interest in how blockchain could transform the logistics industry. 

Closing remarks were made by Mr. Rick Shannon, President of Atlantic Ro Ro.  Mr. Shannon has more than 40 years in the transportation industry and he shared with the USRCC  members and guests his unique insight into U.S.-Russia business relations and opportunities.

Testimonial by Mr. Ashish Gadnis, Co-Founder and CEO, BanQu:

"The event was focused and relevant to the challenges faced by shipping, logistics companies and port authorities today! The impact of technologies like blockchain on them is not only relevant but is urgent. I found the event to be very relevant to BanQu as our mission is to provide transparency and traceability to the last mile for large companies that are trying to be both purpose driven and profitable".

The event would not be possible without generous sponsorship of NEK and Atlantic Ro Ro.

To view the event pictures, please visit our Facebook Page
USRCC Internship

The USRCC is looking for new team members!

 play a key role and the contributions they make impact the day-to-day functions of the chamber and shape the future of the relationship between Russia and the U.S.

There are many ways you can get involved with the USRCC. Whether you are an experienced leader or a student, there is a place for you. By volunteering you can be at the very centre of our high-profile events held in Houston, Chicago and New York City and interact with influential leaders in the U.S.-Russia trade and investment.
To learn more about the position  click here or contact us directly at info@usrussiacc.org   call 713.429.4680
USRCC Membership
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Renew your membership or join for the first time today!

For more information  click here 
Interested in learning more about our 2018 events?

To see a full list   click here                                                                                                                 
Members' News
Shell, Partners Announce $31 Billion LNG Canada Investment

Bloomberg.com, October 2, 2018: Royal Dutch Shell Plc  and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada -- the largest of its kind in years that will carve out the fastest route to Asia for North American gas.
LNG Canada -- comprised of Shell, Malaysia's  Petroliam Nasional Bhd Mitsubishi Corp. PetroChina Co.  and  Korea Gas Corp . - confirmed the expected final investment decision in the C$40 billion ($31 billion) project, according to a  statement  from Shell on Tuesday. Bloomberg News reported Sunday that the group had approved the investment and an announcement was imminent.  Read more...
Lukoil and Eni to sign contract on JV in Mexico next week

Tass.com, October 4, 2018: Lukoil and Italy's Eni will sign the final document on the creation of a consortium to work in Mexico next week, head of Lukoil Vagit Alekperov told reporters on the Russian Energy Week.
"The joint venture comprises four blocks that we and they (Eni - TASS) won at the last tenders. There are no reserves there but these are promising four blocks. Of course, our company is interested in creating such a consortium; we will be operators on one of the blocks and Eni will operate other three. The shares in the JV are being discussed and most likely that the final document on the creation of this consortium will be signed next week, "he said.   Read more...
Gazprom and OMV Signed a Memorandum on Strategic Cooperation

Oilvoice.com, October 4, 2018: Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the 8th St. Petersburg International Gas Forum a Memorandum on Strategic Cooperation.
The document envisages the creation of a Joint Coordinating Committee on collaboration in the natural gas sector, both upstream and downstream, science and technology as well as staff training.
"Today, we continue to work toward the strengthening of Russian-Austrian relationship in the gas sector in the long term. 
The Week in Review
Russian oil production jumps to post-Soviet high

Rt.com, October 3, 2018: Russia is ramping up crude oil output after OPEC and other countries agreed to ease production curbs. In September, Russia produced a record amount of oil in its modern history.
The country's production rose to 11.36 million barrels per day (bpd) in September and exceeded the record high 11.247 million bpd hit in October 2016, Russian Energy Ministry said. The previous record served as Russia's baseline for a deal with OPEC to reduce production.  Read more...
Russian Export Center opens representative office in India

Outlookindia.com, October 4, 2018: Aiming to boost trade and strengthen cooperation between businesses, Russian Export Center Thursday announced the opening of its first representative office in India in Mumbai.
"I am assured that opening of a representative office of REC in India will further aid in the development of trade and economic relations between the countries and establishment of partnership relations with potential importers," General Director of the Russian Export Center Andrey Slepnev said.   Read more...
Insight: Kazan looking to bolster helicopter business

Shephardmedia.com, October 4, 2018: The last couple of years have proven to be tough years for Russia's rotorcraft industry, with a serious slump in sales, deliveries and revenues; Kazan Helicopters was among the manufacturers which suffered the most from the crisis. Now  the future is beginning to look up, with a good growth expected in both the military and civil businesses.
The company has a rotorcraft manufacturing complex situated in the city of Kazan, the capital of Russia's Republic of Tatarstan.
It deals with the full production cycle, manufacturing the fuselage and rotor systems and the performing of the final assembly and ground/flight checks of three types of helicopters: Mi-8/17; Mi-38; and the Ansat.   Read more..
Rosatom in Talks on Building Several Dozens of NPP Units in Countries - CEO

Sputniknews.com, October 3, 2018: The Russian State Nuclear Energy Corporation Rosatom is negotiating possible construction of several dozens of nuclear power plant (NPP) units in different countries, Rosatom CEO Alexey Likhachev said on Wednesday.
"Negotiations are underway on several dozen [NPP units]," Likhachev said at the panel session of the Russian Energy Week forum.
Earlier, Russian President Vladimir Putin stated that Rosatom would soon start the construction of two power units of the Paks-2 nuclear power plant (NPP), this nuclear power plant already produces 40 percent of the electricity consumed in Hungary.   Read more...
Morocco, Russia agree to boost agricultural cooperation

Xinhuanet.com, October 4, 2018: Morocco and Russia agreed on Thursday to boost cooperation in agriculture.  Aziz Akhannouch, Morocco's minister of agriculture, fisheries, rural development, water and forests, and Russian Minister of Agriculture Dmitry Patrushev discussed ways to develop bilateral cooperation in agriculture on the sidelines of the 7th session of the Moroccan-Russian Joint Economic, Scientific and Technical Cooperation Committee.
Russia attaches great importance to the evolution of the seed market in Morocco, Akhannouch said, adding that Morocco is willing to promote the export of several agricultural products, including vegetables and fruits to Russia.   Read more...
India, Russia to sign economic agreements, discuss rupee-rouble payment mechanism

Thehindubusinessline.com, October 4, 2018: India and Russia will look to forge stronger economic and strategic partnership through enhanced ties in areas such as energy, digital economy, defence, space technology, start-ups and infrastructure besides discussing the feasibility of a rupee-rouble payment mechanism during Russian President Vladimir Putin's visit.
The two sides are expected to take forward a proposed multi-billion deal for the S-400 surface-to-air missile system but fresh warning by the US cautioning its allies that transactions with Russia could trigger economic sanctions against the transacting country may complicate matters, a government official said.   Read more...
Russia works on visa-free regime with Caribbean countries

Tass.com, October 4, 2018: Russia is preparing an agreement on the mutual exchange of visa requirements with the Caribbean states, said Alexander Shchetinin, Director of the Latin American Department at the Russian Foreign Ministry, in his speech at an expert discussion in the Valdai Discussion Club on Thursday.
Russia already signed an agreement on the mutual abolishment of visas with 24 out of 33 Latin American states, he said. "We will continue this work. We've got whole South America visa-free, along with almost all Central America, and we are working on the Caribbean states now," the diplomat said.   

Newsweek.com, October 2, 2018: Russia and China have both expressed interest in building a base on the moon, and Moscow's space chief said the two may pool their resources to make the ambitious project a reality.
Dmitry Rogozin, director general of Russia's Roscosmos State Space Corp. and the former deputy defense minister, said that the Russian and Chinese space programs were considering working jointly to establish a lunar station. As Russia prepares to meet its 2021 deadline for the country's first unmanned lunar mission, a growing relationship with China has presented new opportunities as Moscow's ties to the U.S. continue to worsen.
"China is a serious partner. I don't rule out that as soon as we agree on the outlines of our lunar program with the Americans, it is our manned lunar program.   Read more...
Houston - Tyumen Sister Cities
The Honorary Consul of the Republic of Korea was assigned in the Tyumen region

En.admtyumen.ru, October 2, 2018: Igor Samkaev became the Honorary Consul of the Republic of Korea in the Tyumen region. The patent was awarded on September 4, in Moscow, subject to the decision of the Ministry of Foreign Affairs of the Republic of Korea.
The Honorary Consul will attend the matters of development of relations between South Korea and the Tyumen region, exchange of experience and personnel, support the organization of forums and meetings at the various levels. The fields of interest of the Honorary Consul include the protection of the rights and interests of citizens of the Republic of Korea, including natural and legal persons, and the cooperation with the government of the region.  Read more...
CIS Business News
Belarus encouraged to produce building materials in Russia's Irkutsk

Eng.belta.by, October 4, 2018: OblastRussia's Irkutsk Oblast is interested in setting up a Belarus-Russia joint venture to produce building materials, Irkutsk Oblast Governor Sergei Levchenko told the media in Irkutsk on 4 October, BelTA has learned. According to Sergei Levchenko, Belarusian development companies enjoy high reputation for their professional excellence. However, for them to gain a foothold in Irkutsk Oblast they need to produce building materials locally. It does not make economic sense to bring them from Belarus.  Read more...
Kazakhstan, Russia to change conditions of petroleum products supply

Azernews.az, October 3, 2018: Kazakhstan and Russia plan to sign a protocol of changes to the bilateral agreement on fuel supplies, which will allow Astana to start exporting light oil products, Kazakh Energy Minister Kanat Bozumbayev said within the framework of the oil forum.
In the course of the Russian Energy Week forum, a protocol on amending the agreement on cooperation in the fuel and energy complex will be signed on October 3 in Moscow, according to Bozumbayev.
A source in the government of Kazakhstan told Reuters that the parties should exclude clauses banning the export of light oil products from Kazakhstan, but at the same time Astana could lose preferential deliveries of oil products from Russia on an indicative balance.    Read more...
Azerbaijani exporters to receive support for their products' recognition in Russia

Em.trend.az, October 4, 2018: Azerbaijani exporters will be provided every possible support for the recognition of their products in the Russian market and increasing their sales, Chairman of the Azerbaijan-Russia Business Council Samad Gurbanov said.
He made the remarks Oct. 4 at a regular meeting of the Azerbaijan-Russia Business Council at the Baku Business Center, Azerbaijan's Economy Ministry said in a message.
The event was attended by about 40 entrepreneurs and representatives of companies operating in the spheres of food industry, agriculture, construction, logistics and other fields.   Read more...
US-Russia Related News in Russian
Новости недели
Россия и Саудовская Аравия готовы создать СП в нефтесервисе и нефтехими

Tass.ru, October 4, 2018: Министр энергетики Саудовской Аравии Халед аль-Фалех ждет визита своего российского коллеги Александра Новака в Эр-Рияд, чтобы реализовать планы по совместным инвестициям в энергетике. Об этом он сообщил журналистам в кулуарах Российской энергетической недели.
"Я бы хотел попросить господина Новака посетить королевство, чтобы мы могли достичь прогресса в наших совместных инвестициях между нашими компаниями. Saudi Aramco и несколько российских компаний здесь (на РЭН - прим. ТАСС) обсудили совместные инвестиции в нефтесервис, нефтехимию. Надеюсь, что, когда он приедет в Саудовскую Аравию в следующий раз, мы сможем осуществить эти инвестиции и запустить несколько проектов", - сказал аль-Фалех.   Read more...

1k.com. ua, 4 октября, 2018: Доходы России от экспорта нефти в январе-августе 2018 года выросли на 35,5% по сравнению с соответствующим периодом прошлого года - до 82,4 миллиарда долларов, свидетельствуют данные Федеральной таможенной службы (ФТС).
Общий объем экспорта нефти за указанный период составил 169,18 миллиона тонн (снижение на 1%).
При этом в августе Россия нарастила экспорт нефти на 3,2% по сравнению с июлем - до 21,7 миллиона тонн. Доходы выросли на 1,5% - до 11 миллиардов долларов.   Читать далее...
Россия планирует в ближайшие годы нарастить добычу рыбы на 10%

Tass.ru, 3 октября, 2018: Росрыболовство планирует в 2018 году перейти рубеж добычи водных биоресурсов в 5 млн т и в ближайшие три-пять лет нарастить добычу еще на 10%, заявил в четверг на пленарном заседании XIII Международного конгресса рыбаков во Владивостоке заместитель руководителя Федерального агентства по рыболовству (Росрыболовство) Петр Савчук.
"Традиционный "драйвер" развития отрасли - уровень добычи. По итогам 2018 года мы ожидаем превзойти рубеж в 5 млн т, а в течение ближайших трех-пяти лет нарастить показатель еще на 10% до 5,5 млн т, главным образом за счет освоения массовых подходов сардины иваси и скумбрии, а также наращивания присутствия в районах мирового океана", - сказал Савчук.   Читать далее...
НОВАТЭК и Росатом обсуждают строительство 4-х ледоколов на СПГ

Neftegaz.ru, 3 октября, 2018: НОВАТЭК и Росатом в середине сентября 2018 г. подписали меморандум о формировании совместного предприятия (СП) для создания флота ледоколов на сжиженном природном газе (СПГ).
Сейчас компания принимает решение о строительстве 4х ледоколов, которые будут обслуживать территорию Обской губы и Карского моря
Документ закрепляет намерения сторон по сотрудничеству в области совместной разработки, финансирования и реализации проекта по созданию флота ледоколов на СПГ для обеспечения ледокольной проводкой судов арктических СПГ-проектов НОВАТЭКа в замерзающих акваториях Северного морского пути ( СМП ), а также строительства судов портового флота и снабжения.   Читать далее...
Экспорт необработанных алмазов из России в первом полугодии вырос

1sn.ru, 5 октября, 2018: Экспорт необработанных алмазов из РФ в первом полугодии 2018 года составил 27,06 млн карат, что на 2,3% выше, чем годом ранее, следует из опубликованных Минфином данных сертификатов Кимберлийского процесса.
В частности, во втором квартале этого года экспорт составил 13,42 млн карат, что на 9,3% выше показателя аналогичного периода прошлого года (12,3 млн карат), сообщает  Finmarket.
"АЛРОСА", контролирующая на данный момент около 90% российской алмазодобычи, в первом полугодии реализовала 22,4 млн карат алмазов (на 8% меньше результата января-июня 2017 года).
Добыча алмазов в России за первое полугодие, по данным Минфина, составила 20,19 млн карат, что на 3% меньше показателя годичной давности.   Читать далее...
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The U.S.-Russia Chamber of Commerce (USRCC)  is  a 501(c)(6) no t for  profit  corporation with its headquarters  in Houston, Texas,  and offices in the Midwest and the Northeast. The USRCC  was established in 2009 to promote  trade and investment  between  the  Russia n Federation  and the U.S. A.  
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