No. 249

  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! 

The USRCC invites you to attend the reception in honor of the Russian Nonprofit Delegation
The USRCC is honored to welcome participants of  the Russian Nonprofit Delegation under the auspices of the US Department of State's Visitor Leadership Program, December 13- 16, 2019
   Monday, December 16th, 2019 | 6:00 pm - 8:00 pm 
The St. Regis Houston 
   The Remington Private Dining Room 
   1919 Briar Oaks Lane, 
     Houston, Texas
    *Hor d'oeuvres will be served*
 USRCC Members - free/Non-Members - $30
The Delegation Representatives Include:
Director 'Takiye Dela' ('The Way Things Are') Online Information Portal PR Specialist
Director of Information Service, Cancer Prevention Foundation
PR Director, Charity Fund 'Dom S Mayakom' (House with a Lighthouse) 
Head, of Charity Department, VKontakte Social Network
Director, 'Informing and Educating' Project, 'Vera' Charity Fund Assisting Hospices 
Head, PR Department, Charity Fund AdVita 
Director, 'Vera' Charity Fund Assisting Hospices
Communications Director, Konstantin Khabenskiy Charity Fund
Executive Director, Charity Fund named after Astafyev
PR Specialist, Foundation Cancer Prevention Foundation
Please follow the registration link here

USRCC Membership
Are you taking advantage of your  USRCC Member Benefits?

Renew your membership or join for the first time today!

For more information  click here 
Members' News
LUKOIL TO FINANCE CONSTRUCTION OF SCIENTIFIC AND EDUCATIONAL FACILITIES IN KOGALYM, December 11, 2019:   President of LUKOIL Vagit Alekperov, Mayor of Kogalym (Khanty-Mansi Autonomous District - Yugra) Nikolay Palchikov and Rector of the Perm National Research Polytechnic University (PNRPU) Anatoly Tashkinov have signed a tripartite Cooperation Agreement today in Moscow. The document provides for the cooperation of the parties in supporting science and education in Kogalym for that purpose a branch of PNRPU will be established in the town. This will facilitate the development of a modern science and education environment, including training of engineering staff for oil and gas industry in line with advanced international standards. The university plans to invite both Russian and foreign professors to teach at the branch.  Read more...
ExxonMobil gift to CitySquare contributes toward Fight against Poverty in the Dallas region, December 13, 2019:   Darren Woods, ExxonMobil chairman and chief executive officer, today presented the company's annual holiday gift of $50,000 to CitySquare to help advance the organization's efforts to fight poverty in the Dallas/Fort Worth area. The contribution marks the 14th annual ExxonMobil Chairman's Holiday Gift, which benefits and highlights a deserving nonprofit organization in the North Texas region . Read more...  

The Week in Review
Another year, another record: Russia & China project trade to hit $110bn this year, December 13, 2019:  Beijing expects trade turnover with Moscow to surpass $110 billion in 2019, setting a new record for trade volume between the two countries, according to a Chinese Ministry of Commerce (MOC) forecast.  From January to November, mutual trade between Russia and China stood at 100.32 billion, which is 3.1 percent more than in the same period last year. A new record could be set if the trend persists, the ministry's spokesman, Gao Feng, said at a news conference on Thursday.  Read more...
Russia Aims to Supply 6-16 Sukhoi SSJ100 Passenger Jets to Pakistan, December 11, 2019:  Russia has been talking to India as well about supplying SSJ100 jets amid rising demands for passenger planes in one of the world's fastest growing aviation markets. The opportunities to sell the Russian planes in foreign markets have brightened as the share of US components in the plane has dipped to less than 10 percent. Expanding its economic co-operation with Islamabad, Russia is studying the possibility of exporting its SSJ100 passenger jets, made by Russia's Sukhoi Civil Aircraft Company, to Pakistan. The talk about delivering 6-16 civilian planes will continue next year as well.   Read more...
Press review: Lavrov, Trump hash over boosting business ties and arms control proposals, December 12, 2019US President Donald Trump said at his recent talks with Russian Foreign Minister Sergey Lavrov that he wished to increase trade with Russia, Kommersant writes, citing a source close to the Russian delegation. The White House occupant did not explain how exactly this could be done amid Washington's sanctions against Moscow. However, over the past years, Russian-US economic ties have been really improving.  Read more...
Gazprom Promises Shareholders Higher Dividends within Three Years, December 13, 2019:  Russia's state-run gas giant  Gazprom  said on Thursday its management board had approved a new dividend policy, recommending increasing dividend payments to at least 50% of net profit within three years, RBC   reports .
If adjusted net debt to EBITDA exceeds a ratio of 2.5, the board may decide to reduce the size of dividend payments, the company said. The move will allow Gazprom to pay out three times higher dividends than the average payments over the past 10 years.  Read more..., December 13, 2019: T he Russian Central Bank decided to raise the key rate to 7.75%: The ruble began to strengthen against the dollar and the euro on the Moscow Exchange after the Russian Central Bank decided to raise the key rate by 25 basis points to 7.75%. Thus, the dollar fell by 7 kopecks to 66.37 rubles. Nevertheless, the dollar rate is 0.2% higher than at the close of trading the day before.  The euro dropped by 10.2 kopecks to 74.95 rubles, which is 0.37% lower than on Thursday.  Read more...
Absolute unit: World's most powerful icebreaker begins sea trials in the Baltics, December 13, 2019:  Built to ensure Russia's success in the Arctic, the flagship of a new line of nuclear icebreakers took to the sea near St Petersburg. The Arktika vessel is set to become the largest and most powerful icebreaker in the world.  The sea trials will verify how the actual ship complies with its design characteristics, while also testing the reliability of its equipment and systems.  The massive icebreaker was built for Russia's atomic agency, Rosatom, at the Baltic Shipyard in St Petersburg. The Arktika will be using diesel engines during its first tests. The ship is planned to go into service sometime next year Read more...
  Blockchain Technology Revolutionizing Russian Banking and Securities, December 12, 2019: Russia's leading banking institution, Sberbank, and MTS, a major mobile operator, completed successfully a full-cycle security deal using smart contracts - from bond issue to full execution of the issuer's obligations to the investor, East-West Digital News (EWDN) reportsThe MTS commercial bonds were organized and purchased by Sberbank's corporate and investment banking business. Their nominal cost - 750mn rubles, or nearly €10mn - was redeemed.  Read more...
Houston - Tyumen Sister Cities
LA journey to Russia's Siberian oil frontier, December 11, 2019Production here started in 2009. It is a crucial project for the Russian-British joint venture, as it seeks to make up for a drop in output from its other, maturing fields.  It is a constant battle against the elements: temperatures of minus 30C or less in winter, swamplands that make the area only accessible by helicopter for most of the year and a complex geological make-up of the soil which makes drilling here very difficult.  Read more...
CIS Business News

Kazakh PM visits US and UK, oversees signing of multiple agreements,  December 13, 2019:  A Kazakh Prime Minister Askar Mamin recently visited the United States and the United Kingdom to negotiate agreements on venture capital, digital technologies and healthcare, reports 
Mamin, as part of his visit to the United States, met Dec. 11 in San Francisco with the heads of global innovation, digital development, venture financing and energy companies.  He met with the World Economic Forum's (WEF) Centre for the Fourth Industrial Revolution (CFIR) leadership and discussed with WEF Managing Director Richard Samans cooperation in regulation of innovative technologies. As a follow up, the CFIR and Astana International Financial Centre (AIFC) signed a strategic partnership agreement, which will develop the Internet of Things (IoT). This will allow for the opening in Kazakhstan in 2020 of WEF Affiliate Centre for the Fourth Industrial Revolution, which will provide state support for innovative projects and latest technologies development.  Read more..., December 13, 2019: The Cooperation Council between the European Union (EU) and Tajikistan held its 8th meeting on December 10 in Brussels. The meeting was chaired by Tajikistan's Minister of Foreign Affairs, Mr Sirojiddin Muhriddin. The EU delegation was chaired by Mr Goran Grlić Radman, Croatia's Minister of Foreign and European Affairs, on behalf of Mr Josep Borrell Fontelles, the new EU High Representative for Foreign Affairs and Security Policy.  Read more...
US-Russia Related News in Russian
Новости недели
«Нафтогаз» заявил о предварительных договоренностях c РФ по транзиту газа, 13 Декабря 2019: И сполнительный директор украинского «Нафтогаза»   Юрий Витренко заявил, что предварительные договоренности по транзиту газа из России через Украину есть, сообщает   РИА «Новости» При этом он отметил, что стороны продолжают обсуждать конкретику.  «Есть предварительные договоренности, и мы продолжаем их обсуждать. Конечного варианта нет», - заявил он.   Читать далее
Победители конкурса "Цифровой прорыв" получили премию на RIW-2019, 13 Декабря, 2019: П етербургская команда разработчиков IT-решений "Спираль" получила специальную награду премии "Цифровые вершины", организованной в рамках прошедшей 12-13 декабря в   Москве Российской недели интернета (RIW-2019).  Премия "Цифровые вершины" - конкурс российских разработчиков, которые создают IT-решения для повышения эффективности бизнеса и государственных структур. На премии были представлены и лучшие разработки победителей конкурса "Цифровой прорыв" - одного из флагманских проектов президентской платформы "Россия - страна возможностей". Команда "Спираль" - одна из победивших в этом конкурсе - награждена на RIW за лучшее ИТ-решение "Цифрового прорыва" 2019 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 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   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 .