No. 259
  USRCC Business Newsletter
USRCC Activities

USRCC Young Professionals Committee

The U.S.-Russia Chamber of Commerce  
invites you to attend 

The 3d Annual Young Professionals 
Speed Mentoring Session & 
Networking Event 

Speed Mentoring is a great opportunity for young professionals ages 
21-40 to get advice from a number of experienced professionals in the most time-efficient manner.

What are the benefits for you?
An objective analysis of your professional strengths and weaknesses, the chance to ask questions outside your current employment, build connections and get insight into the industry of your interest or a career change.


Annie Yang

Economic Development Director, Harris County, Texas. Full bio is available here 
Ronald Sullivan

Managing Director
Gazprom Marketing and Trading USA.  Full bio is available  here 

Tom Ford
Senior Vice President at Moody Rambin, Office Tenant Representation. Full bio is available here 

Jason Brummerhop

Senior Vice President and Relationship Manager in Global Trade Solutions for the Global Banking team of Amegy Bank Full bio is available  here
Kevin Pennell

Partner in Pennell Law Firm PLLC. 
Full bio is available  here

USRCC Members - $15 /Non-Members - $30

When: Thursday, February 27, 2020
6:00 pm - 8:00 pm

Where:  10800 Richmond Ave. Houston TX 77042 
Richmond Park Westchase (former Neighbors Health building)

*Parking Instructions:
Free parking is available on premises. Please use west gate to park in the garage.

Some tips for you
Bring a lot of business cards.
Dress code: business casual.

The U.S. -Russia Chamber of Commerce in partnership with the U.S. Commercial Service 
invites you to join this rare opportunity to learn

      "Doing Business with Russia: 
Risks and Rewards"

When:  Wednesday, March 4, 2020 | 7:30 am - 09:30 am 
Where:Petroleum Club of Houston - Aramco Room
Address: 1201 Louisiana Street, 35th Floor, Houston, Texas 77002

Cost: USRCC members - Free  N on-members -   $30.00

Over 1,000 American firms of all sizes continue to do business in Russia, including Boeing, GE, United Technologies, Honeywell, 3M, John Deere, Procter & Gamble, ExxonMobil, Chevron, and others. Hundreds of Houston based companies are engaged with Russian businesses.
Houston is responsible for 20 percent of the overall U.S.-Russia trade. In addition to the energy sector, several other industries hold considerable opportunities for US companies in Russia, including agriculture, chemicals, IT, machinery, healthcare, and metals. During the seminar, participants will be provided with an overview of the current business climate in Russia and the available resources to assist them.

Seminar Speakers


James Golsen
Commercial Counselor - Senior Commercial Officer  Embassy of the United States of America in Moscow.  Full bio is available  here
Tanner Johnson
Russia Desk Officer - Office of Russia, Ukraine & Eurasia U.S. International Trade Administration (ITA).  Full bio is available  here

Seminar Agenda

7:30am - 8:00am
Registration and Networking
8:00am - 8:05am
Opening Remarks - Nyamusi Igambi, Director, U.S. Commercial Service - Houston
8:05am - 8:10am
Welcome Remarks and Overview on Doing Business in Russia -   Andrew   Pidgirsky, Partner, Lewis Brisbois Bisgaard & Smith
8:10am - 8:40am
"American Business in Russia-What's Next? A View from the U.S. Embassy in Moscow", - James Golsen, Commercial Counselor and Senior Commercial Officer, Embassy of the United States of America in Russia
8:40am - 9:10am
"Current Considerations in U.S.-Russia Trade", - Tanner Johnson, Russia Desk Officer, Office of Russia, Ukraine & Eurasia, U.S. International Trade Administration
9:10am - 09:30am
Q&A session


Government of Moscow jointly with the U.S.-Russia  Chamber of Commerce 
invites you to attend a reception marking 
Moscow - Houston Partnership

Government of Moscow Delegation lead by 
Sergey Cheremin
Minister of the Moscow Government, Head  of the 
Department for External Economic and International Relations of Moscow

Mr.Cheremin is responsible for managing key aspects of international cooperation of Moscow. In this capacity he oversees all international projects and programs in the city and abroad.  By staying true to the mission of promoting Moscow-Houston partnership, the Government of Moscow is excited to be a part of the Houston Livestock Show and Rodeo by having Moscow booth.
Born in the  city of Kislovodsk. Graduated magna cum laude from the Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, Ph.D. (Economics). Studied at the City University of New York.  From 2013 elected as a P resident of the Moscow Golf Federation.  From 2013 appointed (2018 reappointed) as a minister of the Moscow Government, Head of the Department for Foreign Economic and International Relations of the city of Moscow.  Full bio is available  here 

                Moscow city presentation  begins at 4 pm and will be
by the reception.

The Delegation Representatives Include:

Ilya Kuzmin
Deputy Head of Department for External Economic and International Relations of Moscow. Full bio is available here
Vyacheslav Manuylov 
Head of the International Relations Division

Ekaterina Savina-Makhorskaya
Leading specialist of the International Relations  Division
Wednesday, March 4, 2020 |  4:00 pm - 8:00 pm

Houston City Hall, Legacy Room
Address: 901 Bagby St, Houston, TX 77002
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
Gazprom looking to maintain and strengthen its leadership position in Europe while expanding into Asia

Gazprom.com, February 20, 2020: The Gazprom Managment Committee  took note of the information about the Company's international marketing  strategy. It was highlighted that Gazprom is the largest gas supplier to  Europe . In December, the Company started  delivering pipeline gas to China. In addition,  LNG  from the Gazprom Group's portfolio is being supplied to the Asia-Pacific region and elsewhere.  Gazprom's marketing strategy is aimed at maintaining and strengthening the Company's leadership position in the European market, as well as at scaling up its presence in Asia-Pacific and across the globe. The Company's competitive advantages include a vast resource base sufficient for providing reliable gas supplies to the domestic and foreign markets for many decades to come; a well-developed gas transmission system in Russia and a robust network of export routes; its own Electronic Trading Platform and e-trading capabilities; and a track record of strong partnerships with international energy companies.  Read more...
Baker Hughes Announces January 2020 Rig Counts

Investors.bakerhughes.com , February 17, 2020:   Baker Hughes  (NYSE: BKR) announced today that the  Baker Hughes  international rig count for  January 2020  was 1,078, down 26 from the 1,104 counted in  December 2019 , and up 54 from the 1,024 counted in  January 2019 . The international offshore rig count for  January 2020  was 245, down 12 from the 257 counted in  December 2019 , and up 3 from the 242 counted in  January 2019. Read more..
The Week in Review
Russia's keeps stockpiling gold as bullion prices continue to surge

Russianbusinesstoday.com, Februry 20, 2020: Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January.  The country's total gold holdings amounted to 73.2 million troy ounces (2,276.8 tons) as of February 1, and are worth around $116 billion, according to the latest data from the Central Bank of Russia (CBR).  The bullion stockpile comes at a time of gold price skyrocketing to a 7-year high, as traders have turned to traditional safe havens amid the coronavirus outbreak. The precious metal soared to $1619.20 per ounce on Thursday.   Read more..
Wildberries Owner Becomes Russia's Richest Woman

Russiabusinesstoday.com, February 20, 2020: For the first time in more than a decade, the owner of online retail store Wildberries, Tatyana Bakalchuk, has surpassed Yelena Baturina to reach the top spot among Russia's wealthiest women, Forbes Russia reported.  44-year-old Bakalchuk, the founder and head of the private online clothing retailer, and Baturina, the wife of former Moscow mayor Yuriy Lyzhkov,  cemented  their status as Russia's only women billionaires last year Read more...
Russian-Qatari cooperation in oil, gas sector to expand, says envoy to Doha

Tass.com, February 13, 2020:  Russia's Ambassador to Qatar Nurmahmad Kholov expects the cooperation between Moscow and Doha in the oil and gas sector to expand.  "Russia and Qatar actively cooperate in the oil and gas sector, including the field of hydrocarbons trade, experience and know how sharing," the diplomat said in an interview with TASS on Thursday.  Read more...  
Russians Buying More Property in Turkey, Official Data Shows
Miratorg Becomes First Russian Company to Export Beef to Brazil

Russiabusinesstoday.com , February 18, 2020: One of Russia's biggest meat producers, Miratorg , has announced that the first delivery of 13 tons of beef will soon be supplied to Brazil, marking the first time ever that Russian beef is being exported to the South American country, Sputnik Brazil reported. The company says the product will be distributed among Brazil's hotel chains and restaurants.  Read more...
Trafigura to end relations with Rosneft Trading by mid-May due to sanctions

Tass.com, February 19, 2020:   Trafigura will meet requirements of the US Treasury Department that imposed sanctions on Rosneft Trading within 90 days provided, the Swiss-based trader said in a comment to TASS on Wednesday.  "Trafigura is aware of the addition by the US authorities of certain Rosneft entities to the Venezuela related designations and the associated general license. Trafigura complies with all applicable sanctions and will comply with the requirements of these latest rules within the wind-down timeline that has been set by the general license," a company's spokesperson said.   Read more..
Houston - Tyumen Sister Cities
Tyumen Companies Increase Their Cross-Border Sales

En.admtyumen.ru , February 17, 2020: Leonid Ostroumov, Director of the regional Department for Investment Policy and State Support of Entrepreneurship, reviewed the export performance of the companies in the Tyumen Region at the press conference held on the 11th of December in the Tyumen technology park."The foreign trade turnover is generally stable. We will have the complete data for 2019 in the beginning of 2020, but we can already see a minor increase in the volumes for the last 6 months. The volume of exports of Tyumen companies' goods has amounted to $1.27 billion, which is $200 million more than in the same period of 2018. The data show that the exporters that began their commercial activities last year continue operating and are ramping up sales of their products. That is why, the forecasts are positive," Mr. Ostroumov noted.  Read more.. 
CIS Business News
Belarus looks forward to receiving two tankers of oil via Lithuania

Belarus.by, February 20, 2020:   Belarus  looks forward to receiving two  tankers  full of  oil  that will be transshipped in  Lithuania , the press service of the Belarusian state petrochemical concern Belneftekhim told BelTA.  "We can confirm information about the tankers. Details will be revealed later," the source noted Read more..

Timesca.com, February 18, 2020: Foreign investors pumped $10 billion into the real sector of Belarusian economy (apart from banks) in 2019, BelTA learned from the National Statistics Committee. Among the main investors in Belarus were economic entities of Russia (45.1% of the total), the United Kingdom of Great Britain and Northern Ireland (18%) and Cyprus (7.6%).FDI made up $7.2 billion, or 72.3% of the total foreign investments.  Read more...
Ilham Aliyev holds expanding meeting with Italian counterpart

Azernews.az, February 19. 2020:  An official welcome ceremony has been held for President of the Republic of Azerbaijan Ilham Aliyev, who is in the Italian Republic for a state visit. Accompanied by the cavalry, President Aliyev arrived at the Quirinale Palace in Rome. A ceremonial guard of honor was arranged for the Azerbaijani president. President of Italy Sergio Mattarella and his daughter Laura Mattarella welcomed President Aliyev and First Lady Mehriban Aliyeva.   Read more..
US-Russia Related News in Russian
Новости недели
Инвестировать в стартапы с российскими корнями стало выгоднее, чем в американские.

Iz.ru, Февраль  18, 2020:  Инвестировать в стартапы с российскими корнями стало выгоднее, чем в американские. К концу традиционного для венчурного бизнеса восьмилетнего цикла партнеры наиболее эффективных негосударственных фондов из РФ, которые в основном инвестируют в такие проекты, как минимум окупают вложенные средства. К такому выводу пришла компания Leta Capital, с ее подсчетами ознакомились «Известия».  Партнерам же американских фондов возвращается около 60% вложений. Такая эффективность - следствие того, что молодые отечественные компании недооценены прежде всего из-за геополитической ситуаций в мире и настороженного отношения к капиталу российского происхождения, отмечают эксперты. В то же время оценка американских стартапов зачастую завышена.  Читать далее...
Подробнее на «БИЗНЕС Online»: https://www.business-gazeta.ru/article/45
Подробнее s-gazeta.ru/arti
Бизнес-омбудсмен и ЦБ намерены создать сервис о нововведениях в банковской сфере

Tass.ru, Февраль 21, 2020:  Новый сервис информирования предпринимателей об изменениях в банковской сфере может появиться в Москве. Такое предложение намерены проработать Банк России и уполномоченный по защите прав бизнеса столицы, сообщила в пятницу ТАСС бизнес-омбудсмен Москвы Татьяна Минеева.  По ее словам, предварительное соглашение достигнуто на встрече с руководителем службы по защите прав потребителей и обеспечению доступности финансовых услуг Банка России Михаилом Мамутой.  Читать далее...

The USRCC is looking for new team members!

Volunteers  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 .