May 2020 | ISSUE No. 273| USRCC Business Newsletter
The U.S.-Russia Chamber of Commerce 
Invites You to Attend
The 10th Annual Welcome Reception
Honoring Russian and CIS Delegations 
to the Breakbulk Americas 2020

Breakbulk Americas has been the established hub for the project cargo and breakbulk industry for more than 30 years. Based in Houston, it hosts more than 5,000 professionals from across the industrial supply chain based primarily in Canada, U.S. and Latin America, including the America’s largest EPCs and oil & gas companies. The conference provides shippers with the opportunity to meet and develop relationships with the leading specialized carriers, forwarders, ports, terminals and packers who have the expertise and resources to handle oversized cargoes with unique handling requirements.

U.S.-Russia Chamber of Commerce invites you to join the welcoming Russian and CIS delegations to the  10th Annual Breakbulk Americas Reception . This annual event draws decision makers in U.S.- Russia trade and investment, including senior representatives from major shipping and logistics companies, leaders in the oil and gas industry, government officials, elected officials and more. 

Wednesday, November 4, 2020 
6:00 PM - 8:00 PM 
Four Seasons Hotel, Whitney Room 
1300 Lamar Street, Houston, TX 77010

USRCC Members - $30/Non-Members - $60
Please note: Refunds will not be issued after November the 2nd, 2020
For sponsorship opportunities please contact: 

The U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive, Suite 133, Houston, TX 77042 
Phone:  713.429.4680  Email:
USRCC Membership
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Member's News
Lukoil Installs Accommodation Platform Jacket at V.I. Grayfer Field, May 25, 2020: LUKOIL completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field in the Caspian Sea. The offshore operations involved 110 workers and nine vessels. The facility was brought to the offshore installation site via the Volga-Caspian Shipping Canal. After the floatover and grounding, the substructures were fixed with ten piles of 56 meters in length each and with a total weight of 1 700 tonnes. Read more...
Progress of Amur GPP Construction Project Reaches 61.9 per cent, May 28, 2020:   The Gazprom  Management Committee  took note of the information about the status of the  Amur Gas Processing Plant  (GPP) construction project. The GPP is one of the largest infrastructure projects of the Company in Russia's Far East. The plant will process multi-component natural gas received via the  Power of Siberia  gas pipeline from the Yakutia and Irkutsk gas production centers. Valuable components extracted in the course of processing will be used as feedstock for the petrochemical and other industries. Read more...
Proposed 3D Imaging Standard Will Focus on Robotic Assembly Applications, May 27, 2020:   A proposed ASTM International standard is intended to focus on robotic assembly applications. ASTM’s 3D imaging systems committee ( E57 ) is developing the proposed standard ( WK72962 ), which should be the first in a series of standards on 3D, or depth perception, systems. Read more...
This Week in Review
Oil Demand Recovered by 20% in May Against April - Russian Energy Minister, May 25, 2020:  Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said on Monday, cited by the Ministry. "Despite the grave situation, the industry continues working. We also see that motor gasoline prices remain flat year-to-date and diesel fuel prices increased by just 1.5% from the year-start," the Minister noted. Read more...
U.S. Senators Weigh Additional Sanctions on Russia's Nord Stream 2, May 28, 2020:  Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays. U.S. sanctions legislation originally sponsored by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, in December halted work by Swiss-Dutch company Allseas on the pipeline that aims to boost Russia’s gas exports under the Baltic Sea to Germany. Read more...
Russian Oil Companies Discussing Idea of Prolonging May Quotas Under OPEC+ Deal by Another 2 Months - Source, May 26, 2020:  Russian oil companies are discussing the proposal from OPEC+ partners on prolonging by two months the May-June oil output reduction quotas under the OPEC+ deal, a source familiar with the discussion told Interfax on Tuesday evening. Heads of oil companies met with Russian Energy Minister Alexander Novak on Tuesday to discuss the OPEC+ deal's possible future after June. Read more...
Russian Banks Import Most Dollars Since 2014 Crisis, May 26, 2020:  Russian banks bought their highest volume of U.S. dollars since the 2014 crisis in March amid unprecedented volatility on the global financial markets. Data from the Central Bank, first reported by the RBC news website, shows Russian banks imported almost $5 billion in U.S. dollars, and another 1 billion in euros, during March. Read more...
Russia Plans to Build a Replacement for the International Space Station, Won’t Allow Moon Privatization – Space Agency Chief, May 25, 2020:   Russia is planning to create its own orbital space station and winged, crewed spacecraft, according to Dmitry Rogozin, Director General of Russia’s space agency Roscosmos. Speaking to Radio Komsomolskaya Pravda, Rogozin explained how the International Space Station (ISS) is due to operate for another seven-to-ten years, and, as a world leader in the space industry, Russia should be at the forefront of whatever comes next. Read more...
Majority of Russian Businessmen Negatively Estimate Economy: Survey, May 27, 2020:   Two-thirds of interviewed entrepreneurs negatively estimate the state of the Russian economy, according to a survey included in the annual report by Russia’s Presidential Commissioner for the protection of entrepreneurs’ rights Boris Titov to President Vladimir Putin,  TASS  reported. Read more...
Houston-Tyumen Sister Cities
Second International Online "Azerbaijan-Tyumen" B2B Forum Held, May 22, 2020:   Organized with the support of the Small and Medium Business Development Agency of Azerbaijan, Governor of Tyumen region, All-Russian Non-Governmental Organization of Small and Medium Business “Opora Russia” and the Caspian European Club, the second international online ‘Azerbaijan-Tyumen’ B2B forum has explored issues and challenges facing companies during the COVID-19 coronavirus pandemic. Companies’ suggestions and a possibility of activation of cooperation in the post-pandemic period were also discussed. Read more...
CIS Business News
British Investors Consider Plan to Create Caspian Digital Hub in Aktau, May 26, 2020:   Kazakh officials, Kazakh Invest, and Kazakhstan Investment Development Fund (KIDF) are planning an investment strategy for the Caspian Digital Hub Kazakh-Azerbaijani project. The Caspian Digital Hub is an extension to the TransCaspian Fiber Optic project  launched  in November 2019. Read more...
World Bank Considering Financial Support for Belarusian SMEs, May 26, 2020:  The World Bank is considering granting financial support to small and medium businesses in Belarus, BelTA learned from Alex Kremer, World Bank Country Manager for Belarus, during the presentation of the World Bank's latest economic update for Belarus on 26 May. Read more...
No Alternative to Renewable Energy, May 26, 2020:   Azerbaijan intends to further develop alternative energy sphere gradually by increasing the share of renewables in electricity generation, Azerbaijani MP, Doctor of Economics, Professor Rufat Guliyev told, Trend reports. In this regard, the MP highlighted Yeni Yashma wind farm inaugurated in October 2018 in Khizi district, which is the largest one in the South Caucasus. Read more...
US-Russia Related News in Russia
Новости недели
Сенаторы Предложили Меры По Поддержке Экономики В Новых Условиях, Май 23, 2020:   Члены Совета Федерации предложили перечень мероприятий по совершенствованию законодательства в связи с реализацией мер, которые направлены на обеспечение работы и дальнейшего развития экономики и социальной сферы в новых условиях. Документ с предложениями имеется в распоряжении РБК. Всего в списке представлены 44 законодательных предложения. Читать далее...
Глава Минэкономразвития Рассказал О Сроках Восстановления Экономики, Май 26, 2020:   По словам министра, начался процесс открытия экономики. Так, индекс закрытости экономики в России из-за ограничений в связи с пандемией начал снижаться и сейчас составил 19%. Для сравнения, в апреле этот показатель фиксировался на уровне 28% - такое количество рабочих мест так или иначе было подвергнуто ограничениям, сказал Решетников. Читать далее...
Доля Несырьевого Экспорта Из России В Марте Составила 41%, Май 25, 2020:   Доля несырьевого неэнергетического экспорта (ННЭ) в общем объеме экспорта из РФ в первом квартале 2020 года выросла почти на 5% к аналогичному периоду прошлого года, достигнув в марте 41% от всего объема зарубежных поставок, сообщает Российский экспортный центр. При этом, относительно февраля ННЭ в марте вырос на 13%, преимущественно за счет учеличения экспорта продукции АПК и металлов. Читать далее...
Fitch Ухудшило Прогноз По Падению ВВП РФ В 2020 Году До 5% С 3,3%, Май 26, 2020:   Международное рейтинговое агентство Fitch ухудшило прогноз по снижению ВВП России по итогам 2020 года до 5%, говорится в сообщении агентства. В апреле Fitch ожидало снижения российского ВВП на 3,3% в текущем году. Читать далее...
Инвесторы Уходят из Рисковых Активов, Май 23, 2020:   Данные Emerging Portfolio Fund Research (EPFR) свидетельствуют о снижении спроса на российские акции со стороны международных инвесторов. По оценке “Ъ”, основанной на данных отчетов Bank of America и BCS Global Markets (учитывают данные EPFR), за неделю, закончившуюся 20 мая, инвесторы вывели из российских фондов $160 млн, это на треть выше показателя предшествующий недели и максимальный результат со второй половины апреля. 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 
or contact us directly at   
call 713.429.4680
 USRCC Executive Partners 
U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive
Suite 133
Houston, TX 77042

The U.S.-Russia Chamber of Commerce (USRCC) is a 501(c)(6) not 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 .

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