No. 241

  USRCC Business Newsletter
USRCC Activities
We are very excited to announce that 2019 marks the USRCC's 10th anniversary !

The 10th Anniversary will be a year-long celebration commemorating the USRCC's 10 years of existence. Join us in celebration at our events and support us in continuing our mission! 

The 2019 events will feature high caliber speakers, bring together the most influential key business leaders, experts and decision makers, and will provide our members and stakeholders with the perfect educational and networking opportunities. 

We are looking forward to another successful year! 
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Members' News
Turkish Airlines Announces Its 4th Airbus A350 Route

Simpleflying.com, October 14, 2019: Turkish Airlines has revealed that its fourth brand new A350 will be flying from Istanbul, Turkey to Seoul in Korea, replacing the A330 currently operating that route. This follows three other A350 routes announced by the carrier;  London, Dubai , and Los Angeles.  Turkish Airlines  is expecting to take ownership of a new Airbus A350-900 later next year and plans to operate it on their popular Turkey to South Korea route, departing Istanbul's new International Airport and arriving at Seoul's Incheon International Airport respectively.  Read more...
Lukoil Awarded 5% Stake in Abu Dhabi Gas Concession

Russiabusinesstoday.com, October 16, 2019:A subsidiary of Russian energy company   Lukoil has been awarded a 5% stake in Abu Dhabi's Ghasha ultra-sour gas concession, marking the first time a Russian company is taking part in the emirate's upstream activities,   WAM news agency reports.  Lukoil will pay the Abu Dhabi National Oil Company ( ADNOC ) $190 million as a signing fee for the stake in a concession expected to produce up to 1.5 billion cubic feet per day of gas and 120,000 barrels per day of crude and high-value condensate by 2025.  Read more...
The Week in Review
Russia and UAE plan to discuss orders and sales of Aurus cars in November

Tass.com, October 16, 2019:  The Russian Ministry of Industry and Trade also noted "huge interest" of the Middle Eastern countries in the Aurus brand. He and  the Tawazun Economic Council are planning to discuss orders and planned sales of Aurus line of executive-class vehicles in November, the ministry's press service told TASS.
 "The visit of the President of Russia to the UAE, undoubtedly, gave an additional impetus to the development of cooperation and sparked special interest in the brand. Therefore, together with Tawazun, specific actions are being worked out to develop Aurus for the coming year. With regard to orders for cars and planned sales volumes, we will discuss it in more detail with colleagues from Tawazun (participates in the Aurus project - TASS) at the next Aurus board of directors meeting, which will be held in Abu Dhabi in late November," the ministry said.  Read more...
Saudi Aramco, RDIF Buy Rusano's 30.76% Stake in Novomet

Russiabusinesstoday.com, October 16. 2019:  The world's largest oil producer, state-owned   Saudi Aramco , has signed a share purchase agreement to acquire a 30.76% stake in Russian manufacturer of electrical submersible pumps  Novomet , Newsko.ru  reports The stake, which Aramco is buyin together with the Saudi sovereign wealth fund, Public Investment Fund (PIF), and the Russian Direct Investment Fund (RDIF), was previously held by Russia's state-run tech company  Rusnano . Read more...
Russia Creates Aircraft Leasing Company with German, Saudi Help

Russiabusinesstoday.com, October 15. 2019: A consortium of investors, including Russian, Saudi wealth funds and German investment KGAL group, has announced the creation of an aircraft leasing company for Russian airlines,   RBC reported.  The Russian Direct Investment Fund ( RDIF ), the Public Investment Fund ( PIF ) of Saudi Arabia and Germany's   KGAL , have announced the creation of ROAL - a company strategically focused on becoming "a leader in aircraft leasing in Russia."   Read more...
Russia's Pizza King Set for Global Expansion With Help of Cloud Technology

Russiabusinesstoday.com, October 14, 2019: Fyodor Ovchinnikov, the freshly crowned franchise czar of Russia is betting beyond his country and into global expansion with the help of cloud technology,   Bloomberg writes in an analysis of the rise of the billionaire's company,   Dodo Pizza.   From a single basement oven in his native Syktyvkar in the Far North, the failed bookseller and serial blogger has turned Dodo into one of Europe's fastest-growing restaurant chains, leapfrogging Papa John's, Domino's and Pizza Hut in his home market in just eight years, the news outlet writes . Read more...
Chinese Chemical Giant to Build $13bn Gas Plant in Russia's Arctic

Russiabusinesstoday.com, October 14, 2019 :A subsidiary company of China National Chemical Engineering (Group) Co. Ltd. (
CNCEC ), has signed an agreement with a Russian company to build a natural gas processing and chemical plant in the country,   Xinhua  reported.  The construction in a small town near Russia's shoreline of the Gulf of Finland is planned to be finished by 2024, the company said.  Read more...
Russia-UAE Non-oil Trade Grows 36% to $14bn

Russiabusinesstoday.com, October 17, 2019 The value of non-oil trade between the UAE and Russia has reached $14.1 billion in the past five years, with the figure standing at $3.4 billion in 2018 - a 36% year-on-year (YoY) growth compared to a year earlier, WAM   reportedAbdullah Al Saleh, undersecretary at the UAE's Ministry of Economy for Foreign Trade Affairs said that more than 3,000 Russian companies were operating in the UAE, mainly in sectors such as real estate, manufacturing, trade, and telecoms, with 576 trademarks and 25 registered commercial agencies Read more...
Houston-Tyumen Sister Cities
Days of Kyrgyz Republic held in Russia's Tyumen Oblast

Kabar.kg, Ocotber 14, 2019:  As part of the visit of the Governmental delegation of the Kyrgyz Republic to Tyumen, events under the conventional name "Days of the Kyrgyz Republic in Tyumen Oblast", dedicated to the 10th anniversary of the Birimdik (Unity)Tyumen Regional Public Organization (TRPO) of Kyrgyz compatriots, were held on Oct. 10-12, 2019.  The press service of the Kyrgyz Foreign Ministry reported that the event was organized with the support of the Government of Tyumen Oblast and the assistance of the Consulate General of the Kyrgyz Republic in Yekaterinburg.  As part of the celebration of the Day of the Kyrgyz Republic, a solemn concert was held with the participation of the creative team of the Kyrgyz National Philharmonic Society named after Toktogul Satylganov . Read more...
CIS Business News
BP vice president talks importance of digitalization in oil & gas sector

En.trend.az, October 16, 2019:  The digitalization process is important in order to timely respond to challenges typical for oil production, Vice President of BP Production for the Azerbaijan, Georgia, Turkey region John Stephenson said during the Annual Caspian Technical Conference of the Society of Petroleum Engineers (SPE) in Baku,   Trend   reports Oct. 16 from the event.
"The processes of operation on oil platforms indicate that we need to function on a global scale, applying new trends in our actions to develop new promising wells and monitor them," said John Stephenson.  Read more...
Belarus, Russia's Arkhangelsk Oblast to step up cooperation

Eng.belta.by, October 15, 2019:  Place your own text here. Metafile high record infrared data patch encapsulated, proxy, transmission, harmonic. Cascading coordinated patch broadband distributed sampling connectivity recognition analog, element. Encapsulated data, arrray cache developer element. Record, fragmentation sampling remote phaselock ethernet services, sampling reflective. Developer sampling sequential indeterminate anomoly port femtosecond transponder. Device digital extended disk overflow resistor, capacitance. Encapsulated transmission harmonic echo dithering arrray system device high, bus backbone, debugged read-only indeterminate. Read more...
Belarusian furniture manufacturers intend to step up exports to EU

Eng.belta.by, October 16, 2019: The companies affiliated with Bellesbumprom intend to build up furniture exports to the European Union, Yuri Nazarov, chairman of the Belarusian timber, woodworking, pulp and paper industry concern Bellesbumprom, told the media on the sidelines of the Furniture 2019 expo in Minsk on 16 October, BelTA has learned. "The share of the Russian market in our furniture export is declining but it still remains a premium and most important market for us. We are now working to step up export to the EU. We are past the time of one-time deliveries to the European market. We are starting to work on the systemic basis, with retail chains. Thus, the Eurasian Economic Union and the European Union are our priorities in trade," said Yuri Nazarov.  Read more...
US-Russia Related News in Russian
Новости недели
Форум «Мой бизнес» пройдет в Казани

Kazan24.ru, 17 Октября 2019 г: Мероприятие соберет около 9 тысяч участников.  24 октября в казанском дворце спорта «Татнефть Арена» в рамках федерального проекта «Популяризация предпринимательства» состоится всероссийский форум «Мой бизнес», сообщает пресс-служба Минэкономики РТ.  Мероприятие соберет около 9 тысяч человек, среди них: начинающие предприниматели и представители бизнес-элиты страны, а также руководители и ведущие эксперты профильных министерств и ведомств.  Спикерами Форума станут: российская спортсменка, чемпионка Европы и мира, известная телеведущая и бизнес-леди  Ляйсан Утяшева ; совладелец ресторанного холдинга RESTart Vasilchuk Brothers  Алексей Васильчук ; ведущий специалист по переговорам и личным продажам  Сергей Азимов ; эксперт в сфере управляемой коммуникации  Илья Степанов ; ведущий эксперт по скриптам продаж, сооснователь компании Hyper-Script.ru  Настасья Белочкина  и другие.  Читать далее...
Началось заполнение газом первой нитки «Турецкого потока»

Iz.ru, 18 Октября 2019 г: Первую нитку газопровода «Турецкий поток» начали заполнять природным газом - это завершающий этап испытаний системы перед вводом газопровода в эксплуатацию. 
Испорченный газомер: чего ждет Украина от запуска «Северного потока - 2» 
В Киеве испугались полной потери газового транзита 
«Заполнение газом системы газопроводов является значительным шагом к началу фактических поставок газа в Турцию и Юго-Восточную Европу по новой системе морских газопроводов», - цитирует сообщение оператора проекта  «РИА Новости»  18 октября.  4 октября заместитель начальника департамента внешнеэкономической деятельности «Газпрома» Дмитрий Хандога заявил, что обе нитки газопровода  будут готовы до конца года 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 center 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 .