No. 190

  USRCC Business Newsletter
USRCC Activities
Interested in learning more about our 2018 events?

To see a full list   click here                                                                                                                 
New Member Spotlight

ELEMENT is an independent, privately owned group of companies active in trading and blending of physical oil and refined oil products as well as in the acquisition, development and operation of US and European oil storage, logistics and refining assets. ELEMENT creates trading, logistics and financial solutions for its international customer base and targets niche markets to capture opportunities with healthy physical trading margins across the barrel.
The company's Board of Directors consists of senior people with strategic vision, a diversified global network and a breadth of experience in trading and finance.
ELEMENT's values are based on partnership, long-term relationships, fairness and environmental & social responsibility. The ELEMENT Group including all its subsidiaries counts about 100 employees with strong complementary backgrounds operating out of 6 offices in Europe & the US.

Please visit   www.element-americas.com  for more information.
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Members' News
Shell adds new, deep-water production with latest FPSO in Brazil

Prnewswire.com, October 24, 2018: New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. Operated by Petrobras, P-69 is a standardized vessel that can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas daily.  It will ramp up production through eight producing and seven injection wells.  Read more...
Gazprom to build TurkStream's second land section in 2019

Hurriyetdailynews.com, October 25, 2018: Russian energy giant  Gazprom is planning to start the construction of the overland section of the  TurkStream second gas pipeline in  2019Gazprom's deputy chairman announced on Oct. 25. Alexander Medvedev, speaking to the  Gazprom corporate magazine, said the company aims to transfer a record volume of 200 billion cubic meters (bcm) of gas by the end of this year, up from the 148.2 bcm exported in the first nine months of 2018.  Read more...
The Week in Review
Saudi Arabia to invest in Russian-Chinese wealth fund

Rt.com, October 25, 2018: Riyadh is planning to provide major investments into the Russian Direct Investment Fund (RDIF) with the fund expected to be renamed, according to the head of RDIF, Kirill Dmitriev.  "In the near future, we will announce that Saudi Arabia is investing in RCIF and the fund will be renamed as the Russian-Chinese-Saudi Fund," Dmitriev said at the Future Investment Initiative (FII), Saudi Arabia's international investment forum.  Read more...
Nation's trade with Russia grows fastest in first three quarters

Globaltimes.cn, October 25, 2018: In the first three quarters, among China's major trading partners, its trade with Russia has grown the fastest, Gao Feng, a spokesperson for the Chinese  Ministry of Commerce (MOFCOM) told a press briefing on Thursday. The bilateral trade volume between China and Russia has reached $77.15 billion in the first three quarters, growing 25.7 percent year-on-year. And it is expected that the bilateral trade volume could reach $100 billion this year, setting a historical high.  Read more...
Cooperation with Rosatom to provide new workplaces for Serbia, Vucic says

Tass.com, October 23, 2018: Cooperation with Russia's Rosatom will open new prospects and provide workplaces for Serbia, Serbian President Aleksandar Vucic  tweetedon Tuesday after a meeting with Rosatom Deputy Director General Nikolai Spassky. "I am confident that cooperation with Rosatom will bring new chances in the future and new workplaces for the Serbian economy," the Serbian president wrote.  Read more...
Metallurgy Russia 2019: International trade fair set for Moscow

Pm-review.com, October 24, 2108: Metallurgy Russia 2019 - the International Metallurgy Technology, Processes and Metal Products Trade Fair, will take place at the Expocentre Fairgrounds in Moscow, Russia, May 14-17, 2019.  Organised by  Messe Düsseldorf GmbH and  Metal-Expo, the trade fair last year hosted around two-hundred exhibiting companies from seventeen countries, including foundries, industrial equipment manufacturers, technology suppliers and engineering solutions providers.  Read more...
Turkey's Antalya becomes most popular destination among Russian air passengers in 2018

Tass.com, October 24, 2018: The Turkish resort city of Antalya became the most popular foreign destination among Russian airline passengers in January-August 2018. This is according to the data voiced at the Online Travel 3.0 conference, the Association of Tour Operators of Russia (ATOR) said. In the reporting period, passenger traffic from Moscow to Antalya grew by 50%, from St. Petersburg to Antalya - by 34%. Earlier, ATOR forecast that about 5.5 mln Russians will go on vacation to Turkey in 2018, which is 17% more than in 2017.  Read more...
Zambian Nuclear Reactor's Construction With Russia's Support to Begin in 2019

Sputniknews.com, October 25, 2018: The construction of a nuclear research reactor in Zambia with Russia's assistance is expected to begin in 2019, Shadreck Luwita, Zambia's ambassador to Russia, told Sputnik following the Southern African Development Community (SADC) Investment Forum in Moscow.  "To construct a research reactor, there are a lot of processes which are involved, including the international atomic energy approvals as well as a legal framework, which is being considered in this sitting of the Zambian parliament. So once a legislation is put in place by parliament, that will pave way for actual works to commence in 2019 in earnest," Luwita said.  Read more...
SADC, Russia to sign MoU at investment forum

Southerntimesafrica.com, October 22, 2018: Southern African Development Community (SADC) and Russia would sign a new Memorandum of Understanding during an investment forum planned for October 23 in South Africa aimed at creating a unified regional platform to share with potential Russian businesses information on investment opportunities and investment climate in the SADC region. The Memorandum of Understanding envisages strengthening ties in a broad range of fields and it further shows that SADC remains comparatively as one of Russia's key regional partners in Africa.  Read more...
Egypt receives over 120 Russian business delegations in 2017/18

Dailynewsegypt.com, October 21, 2018: Egypt has received over 120 Russian business delegations in order to implement joint projects in the areas of oil and gas exploration, nuclear energy, railway transport, metallurgy, automotive production, agricultural machinery, construction, pharmaceuticals, and banking, in both 2017 and 2018, said the Head of Trade Representation of Russia in Egypt, Nikolai Aslanov. "The Trade Representation of Russia in Egypt has organized and conducted visits from 40 business delegations of Russian companies to Egypt, representing more than 70 companies during the period from January to August 2018," added Aslanov in a recent report that Daily News Egypt received a copy of.  Read more...
Houston - Tyumen Sister Cities
YIT starts a new residential project in Tyumen, Russia

Yitgroup.com, October 24, 2018: YIT has started construction of a new residential project in the city of Tyumen in Russia. Located in the city centre the approximately one-hectare plot will see the construction of two 17- and 21-storey residential buildings and a car park. Named City Zen, the project will consist of 292 apartments, most of which will be two- and three-room apartments. Sweden-based Semrén & Månsson Architects designed the buildings. Read more...
CIS Business News
Russia, Uzbekistan Collaborate on Blockchain Adoption

Cryptovest.com, October 24, 2018: Russia and Uzbekistan are working together at the national level to implement blockchain solutions for various use cases. Also, the municipality of Tashkent will adopt blockchain services provided by two Russian companies. The Russian National Intellectual Property Transactions Coordination Center (IPChain) and the municipal authorities of Tashkent, the capital city of Uzbekistan, signed a memorandum of understanding (MOU) to collaborate on copyright protection by leveraging blockchain technology, local media agency TASS  reported last week. The partnership aims to ensure the protection of intellectual property rights and secure patent records with the help of distributed ledger technology (DLT).  Read more...
Trade turnover between Russia and Kazakhstan in January-August 2018 grew by 8.3%

Tass.com, October 25, 2018: Russia and Kazakhstan for 8 months of 2018 increased trade by 8.3%, to $11 bln, according to Director of the department of international cooperation of the Ministry of National Economy of Kazakhstan Kairat Torebaev. "In general, trade turnover with Russia is quite good, last year our trade increased by 25%. This year, only in 8 months, we increased it by 8.3% and reached over $11 bln," he said.  Read more...
Russian sugar producers interested in increasing supplies to Azerbaijan

Azernews.az, October 24, 2018: Russian sugar producers are interested in increasing the supply of their products to Azerbaijan. Board Chairman of the Union of Sugar Producers of Russia (Soyuzrossakhar) Andrey Bodin told Trend that to date, friendly contacts between Russian and Azerbaijani manufacturers have been established at a high level. "Russia and Azerbaijan have established professional business ties, including friendly relations between sugar producers in Russia and Azerbaijan. We are actively cooperating with Azerbaijan's largest sugar producer Azersun," said Bodin.  Read more...
Armenia to restore equipment production sector with Russia's support

Aysor.am, October 23, 2018: While creating a common market it is necessary to take care for it to have not only raw products but high technological as well, consultant to Russian president Sergey Glazev said at the briefing with reporters after Eurasian Week forum works. He said Armenia is considered a developed country in post-soviet territory where devices, computing equipment, high-technological machine building base were being produced for many years.  Read more...
US-Russia Related News in Russian
Новости недели
Как корпорация Paiger внедряется в Татарстан, и почему в Китае все будут говорить о нашей Республике

Tida.tatarstan.ru, 22 октября, 2018: Взаимный интерес Китая и Республики Татарстан стремительно растет. Сегодня, 22 октября 2018 года, в Агентстве инвестиционного развития Республики Татарстан состоялись переговоры с делегацией китайской корпорации Paiger (HK) Industrial Co., Ltd. «Большое спасибо, что пригласили. Мы приехали вчера и сразу же прониклись красотой города. Сегодня же после вашей красочной презентации экономики и инвестиционного климата Татарстана мы уже ощутили возможности Республики и, по правде говоря, вы оправдали наши ожидания», - поделился в зале переговоров председатель правления Paiger Group Чэнь Юань.  Читать далее...
По итогам 2018 года экспорт продукции лесопромышленного комплекса России достигнет 12 млрд долларов

Msk.kp.ru, 24 октября, 2018: ЛПК - одна из ведущих отраслей страны, наряду с металлургией и химической промышленностью. 22 октября в московском выставочном комплексе «Экспоцентр» стартовал девятый международный форум «Лес и человек». Рабочую программу форума открыла Панельная дискуссия «Российский лесной сектор в мире», посвященная обсуждению и поиску новых «точек роста» лесопромышленного комплекса России.  Читать далее...
За 8 месяцев т.г. Россия на 60% увеличила экспорт злаков

Apk-inform.com, 23 октября, 2018: По итогам января-августа т.г. Россия экспортировала 35,6 млн. тонн злаков, что на 55,9% превышает показатель аналогичного периода годом ранее. Об этом сообщил Росстат.  Основу российского зернового экспорта в указанные месяцы составляли пшеница и меслин - 27,78 млн. тонн, что на 65,7% превосходит показатель января-августа 2017 г.  Читать далее...
Россия готова наращивать экспорт сои в Китай

Kazakh-zerno.kz, 24 октября, 2018: Состоялось 22-е заседание российской части Межправительственной Российско-Китайской комиссии (МПК) по подготовке регулярных встреч глав правительств. Как сообщает собкор ИА « Казах-Зерно», по вопросам растениеводческой продукции выступил заместитель Министра сельского хозяйства России Сергей Левин. Он, в частности, отметил, что - соевая продукция для Китая очень важна, - страна ежегодно закупает порядка 95 млн тонн сои. В ближайшей перспективе КНР ожидает от России поставку 10 млн тонн с последующим увеличением объемов до 20 млн тонн.  Читать далее...
Казахстан открыл первое представительство в России, чтобы увеличить экспорт

Sputniknews.kz, 24 октября, 2018: Первое зарубежное представительство экспортной страховой компании KazakhExport открылось в Казани, столице Татарстана. Республика Татарстан является субъектом Российской Федерации. Официальное открытие приурочено к 20-му заседанию Межправительственной комиссии по сотрудничеству между Казахстаном и Россией.  Читать далее...
В Сколково стартовала программа обучения «Системное управление медучреждением»

Medvestnik.ru, 25 октября, 2018: В Московской школе управления СКОЛКОВО приступили к реализации образовательной программы для директоров и главных врачей медицинских учреждений «Системное управление медучреждением». Об этом сообщил директор Центра развития здравоохранения Московской школы управления СКОЛКОВО Юрий Крестинский 24 октября на заседании Экспертного совета по VBHC (ценностно-ориентированное здравоохранение).  Читать далее...

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 Executive Partners





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.  
The information contained in this newsletter is provided for general information purposes only and does not constitute legal or other professional advice on any subject matter. USRCC does not accept any responsibility for any loss that may arise from reliance on information contained in this newsletter. The views and opinions expressed in this publication are those of the authors. They do not reflect the opinions or views of the USRCC or its members.  Links within this newsletter lead to other websites, including those operated and maintained by third parties. The linked sites are not part of the USRCC newsletter. USRCC includes these links solely as a convenience to the newsletter subscribers, and the presence of such links does not imply a responsibility for the linked site and its operator. USRCC cannot certify the accuracy of the material provided by the original  source .