June 2020 | ISSUE No. 275| USRCC Business Newsletter
The U.S.-Russia Chamber of Commerce and
USRCC Young Professionals Committee invite you to attend

The 4th Annual Senior Executive Knowledge Sharing Series
Live Webinar with
Chief Legal Officer & Board Member
This live webinar will allow you :

•      to adopt the best practices from the high-level Executive;
•      to discuss the strategies to build a successful career;
•      to talk about integration of technologies, future of the workplace, new ways of doing business.

Join this engaging opportunity to discussion and learn how
to improve your skills, knowledge, and attitude
to reach your personal and professional goals and advance your career!
Will Marsh  was the Chief Legal Officer at Baker Hughes since the merger of Baker Hughes with the GE Oil & Gas business in 2017 through April 2020.  Prior to his that, Marsh served as Vice President and General Counsel of Baker Hughes Incorporated starting in February 2013.

Marsh joined Baker Hughes in 1998 and has served in various executive, legal, compliance and corporate roles, including Vice President of Legal, Western Hemisphere from May 2009 to February 2013 and Director of Enterprise Risk Strategies from March 2006 to May 2009.

Marsh is currently a member of the BJ Services Board of Directors and was formerly a member of the Board of Directors of Peoples Utah Bancorp.

To read the full bio please click  here.
Audience: Young Professionals

Duration:  1 hour (40 minutes presentation and 20 minutes Q&A session).
Live Webinar Moderator:  Ilya Aranovich, USRCC YP Committee Chairman,
Director Business Strategy - Refining and Gasification, Lummus Technology,
McDermott International Inc.

Thursday, June 25th, 2020  |    12:00 PM - 1:00 PM
USRCC Members - free/Non-Members - $10
Please note: Refunds will not be issued after June the 23rd, 2020
Please register online at the link above by noon (CST) Tuesday, June 23rd, 2020.

After registering, details on how to access the webinar will be provided via email.

Please direct your questions for the Q&A session in advance to e.mirodzhi@usrussiacc.org
The U.S.-Russia Chamber of Commerce in the partnership with 
the U.S. Commercial Service invites you to attend

U.S. Ambassador to the Russian Federation Honorable John J. Sullivan 
Key Note Presentation and 
Texas - Urals Regional Virtual Trade Mission and Business Dialogue 

Tuesday, June 30th, 2020 
Houston - 8am CST | Moscow - 4pm MST | Yekaterinburg - 6pm YST
USRCC Members - free / Non-members - $30  
Please register online at the link above by noon (CST) Friday, June 26, 2020. 
After registering, details on how to access the virtual trade mission will be provided via email.
Please note: Refunds will not be issued after June 26, 2020. 
The USRCC and the U.S. Commercial Service joint Virtual Trade Mission and Business Dialogue (the “VTM”) is a reliable and convenient alternative in-person trade missions. By organizing VTM, USRCC is building efficient interaction between the U.S. and Russia business communities. Conducted in a webinar format, VTM provides USRCC members and partners with a unique opportunity for business introduction, presentations, and connections in a particular region that they may be interested in doing business. 
Honorable John J. Sullivan was nominated as the U.S. Ambassador to the Russian Federation by President Donald J. Trump on October 11, 2019; confirmed by the Senate on December 12, 2019; and sworn in by Secretary of State Mike Pompeo on December 23, 2019. Ambassador Sullivan previously served as Deputy Secretary of State from May 24, 2017, until December 21, 2019. He served as acting Secretary of State from April 1 to April 26, 2018. 

Prior to joining the Department of State, Ambassador Sullivan was a partner in Mayer Brown LLP, and co-chair of the law firm’s national security practice. From 2010 to 2016, he was the Chairman of the U.S.-Iraq Business Dialogue, a governmental advisory committee on United States economic relations with Iraq. 

To read the full bio click  here.
James Golsen
Commercial Counselor - Senior
Commercial Officer Embassy of the United States of America
in Moscow

To read the full bio click  here.
Amy Storrow
Consul General in Yekaterinburg,
United States

To read the full bio click  here.
Michael Treyger
Deputy Director, Business and
Community Development,
Economic Development and
Tourism, Office of the Governor,
State of Texas

To read the full bio click  here.
• Government Leaders from Urals Region: Mr. Aleksandr Kozlov, Minister of Economic Development; Mrs. Elena Artukh, Sverdlovskiy Ombudswoman, and other government representatives;
• Sverdlovsk Oblast Union of Industrialists and Entrepreneurs;
• Chambers: the Ural Chamber of Commerce and Industry, the South Urals Chamber of Commerce and Industry, the Perm Chamber of Commerce and Industry, the Tyumen Chamber of Commerce and Industry, the Chamber of Commerce and Industry of the Khanty-Mansiysk Autonomous Okrug, the Chamber of Commerce and Industry of the Yamalo-Nenets Autonomous Okrug, the Central Siberian Chamber of Commerce and Industry in Krasnoyarsk, and the Kurgan Chamber of Commerce and Industry.
Ural Federal District is one of the eight federal districts of Russia. Its population was more than 12 million according to the 2010 Census. In 2006, the Ural district provided 90% of Russian natural gas production, 68% of oil, and 42% of metal products. Industrial production per capita in the district is about 2.5 times higher than the average value throughout Russia. 

Its major branches are fuel mining and production (53%), metallurgy (24%) and metal processing, and engineering (8.8%). The latter two are specially developed in Chelyabinsk and Sverdlovsk Oblast which, between them, constitute 83% of Russian metallurgy and 73% of metal processing and engineering. 
According to the rating of the Ministry of Transport of the Russian Federation the "Koltsovo" international airport is the largest one among the regional airports of Russia. The region ranks third in terms of the number of diplomatic missions. Ekaterinburg (the administrative center of the district) hosts significant international events and top-level meetings on an ongoing basis. Currently, Ekaterinburg is competing to host World Expo 2025. 
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: info@usrussiacc.org
USRCC Membership
Are you taking advantage of your USRCC Member Benefits?

The U.S.-Russia Chamber of Commerce provides a variety of Membership options to fit your business needs and goals. Renew your membership or join for the first time today!

For more information   click here
Member's News
Lukoil Begins Construction of a Center for Core and Reservoir Fluids Research in Perm

Lukoil.com, June 11, 2020: LUKOIL has begun the construction of a high-tech innovative experimental Center for Core and Reservoir Fluids Research in the city of Perm. The Center will focus on creating innovative technologies and technologies of oil recovery enhancement based on multifaceted and specific core research. There are plans to apply the results of the research at the LUKOIL oil production enterprises in Volga-Ural and Timan-Pechora provinces, as well as abroad. Read more...
Gazprom Reduces Greenhouse Gas Emissions in 2019

Gazprom.com, June 10, 2020:  Last year, Gazprom achieved all of its Corporate Environmental Targets. The Company saved 3.3 billion cubic meters of gas, 330.3 million kWh of electricity, and 252,700 Gcal of heat. At the same time, gas production rose by 0.5 per cent to 500.1 billion cubic meters. Compared to 2018, the Gazprom Group cut its air emissions by 31,300 tons, its water consumption by 358.8 million cubic meters, and its waste generation by 218,000 tons. Read more...
Rosneft Allocated 80 Billion Rubles for Environmental Protection over 2 Years

Rosneft.com, June 5, 2020:   On June 5th Rosneft celebrates World Environment Day. One of the main priorities of the Company is environmental protection and development of environmental technologies. Over the past two years, Rosneft’s green investments amounted to 80 billion rubles. Read more...
This Week in Review
Russia’s Cheapest Crisis Ever: Country Still Accumulating Cash Despite Covid-19 & Oil Price Shock

Rt.com, June 10, 2020:   So far, the coronavirus is proving to be the cheapest crisis Russia has ever experienced, and despite the huge economic shock the economy has received, Russia Inc is already back in profit. Despite an oil price shock, a two-month lockdown of the entire Russian economy, a 20 percent devaluation of the ruble and an economic bailout package worth 10 percent of GDP, Russia managed to increase its hard currency reserves by $3.8 billion between January 1 and May 31. Read more...
Coronavirus Pushes Bank Profits to Record Low

Themoscowtimes.com, June 11, 2020:   Profits in the Russian banking sector slid to a record low in May, Central Bank chief Elvira Nabiullina said Wednesday. Banks made just 500 million rubles ($7 million) last month, Nabiullina told a State Duma committee, with net profit for the year so far coming in at 561 billion rubles ($8 billion). Read more...
Rosneft Says No Change to Dividend Policy Despite Lower State Stake

Reuters.com, June 7, 2020:   Russia’s largest oil producer Rosneft (ROSN.MM) said on Sunday it planned to maintain a dividend policy of paying out half of its net profit despite the state lowering its stake in the company to below 50%. Rosneft plans to continue developing offshore fields in Russia but does not plan to start any new offshore projects until after oil prices recover, it said in a statement to Reuters. Read more...
Russia to Allocate Extra $217 Mln to Support Domestic Developments

Tass.com, June 11, 2020:  The Russian government will allocate additional 15 bln rubles ($217 mln) to support promising domestic developments, in particular projects to combat the coronavirus, Prime Minister Mikhail Mishustin said at a cabinet meeting on Thursday. Read more...
Russia to Buy $1.5bn Worth of Pipes to Develop Arctic Projects

Russiabusinesstoday.com, June 8, 2020:   Russia’s energy major Gazprom has announced a record tender to purchase almost 100 billion rubles worth of pipes ($1.5 billion) for its natural gas projects, including the Power of Siberia mega pipeline, Russia Today reported.
Deliveries are expected to start this year and continue till the end of 2022, according to the data published on state trading platforms. Read more...
Russian Energy Ministry Admits OPEC+ Quotas Extension If Market Situation Allows

Tass.com, June 8, 2020:   Extension of the current OPEC+ quotas to August will depend on the market recovery, oil reserves and compliance of all member-states with the agreement, Russian Energy Minister Alexander Novak told an OPEC+ press conference on Monday. Read more...
Houston-Tyumen Sister Cities
An Online Lecture on the Professions of the Future will be Held in Tyumen

Tymen.kp.ru, June 12, 2020:   In Tyumen, a vocational guidance lecture “Professions of the present and future” will be held, to participate in which students of city schools are invited. The lecture will begin on June 16 at 3 p.m. and will be held for one and a half hours online. The lecture will be led by Anton Yarkin, head of the Tyumen Oblast Advanced Training Center, curator of the international project to popularize Science Slam. Read more...
CIS Business News
Kazakhstan Plans to Ramp Up Investment Into Economy, Build High Value Industry 

Astanatimes.com, June 9, 2020:   Kazakhstan plans to bring the share of investments in the country’s gross domestic product (GDP) to 30 percent in the next five years, said Kazakh Minister of National Economy Ruslan Dalenov. Dalenov said new approaches were determined to attract investments in a “new reality” and also to ensure that conditions are in place for strategic investment in priority sectors of the economy. Read more...
Belarusian, Russian Energy Ministers Discuss Cooperation in Natural Gas Trade

Eng.belta.by, June 9, 2020:  Belarusian Energy Minister Viktor Karankevich has held negotiations with his Russian counterpart Aleksandr Novak via a videoconference, BelTA has learned. Viktor Karankevich and Aleksandr Novak discussed topical aspects of Belarus-Russia cooperation in the sphere of natural gas, the Russian Federation Energy Ministry said. Read more...
Azerbaijan Approves Tax Benefits to Businesses amid COVID-19

Azernews.az, June 3, 2020:   President Ilham Aliyev has approved the amendments to the Tax Code, providing for tax benefits for businesses amid coronavirus pandemic, the president’s press service reported on June 2. According to the amendments to the Tax Code, starting from January 1, 2020, property and land taxes for hotels and other tourism facilities, activities of tour operators and travel agencies, catering, road passenger transportation within the country, including taxi activities, are fully exempt from payment for a year. Read more...
US-Russia Related News in Russia
Новости недели
Структура «Росатома» Обсудила Покупку Космодрома «Морской старт» у S7

Rbc.ru, Июнь 10, 2020:   Компания S7 ведет переговоры о продаже плавучего космодрома «Морской старт» с дочерней структурой «Росатома», об этом сообщило агентство ТАСС со ссылкой на два источника в бизнес-кругах. Информацию о переговорах подтвердил источник РБК, близкий к одной из сторон. Читать далее...
Чиновники Изменят Правила Государственно-Частного Партнерства

Vedomosti.ru, Июнь 8, 2020:   Инвесторы дождались изменений в законы о концессиях и государственно-частном партнерстве (ГЧП). Минэкономразвития закончило подготовку такого законопроекта и направило его на согласование другим ведомствам, а также для обсуждения экспертам. «Ведомости» ознакомились с его копией, ее подлинность подтвердили несколько участников экспертного совета по развитию ГЧП при Минэкономразвития. Читать далее...
Средняя Цена Экспорта Газа "Газпрома" в Апреле Приблизилась к Порогу Рентабельности

Interfax.ru, Июнь 10, 2020:   Средняя цена экспорта газа "Газпрома" в апреле 2020 года снизилась к марту 2020 года еще на 13% - до $109 за тысячу кубометров, следует из данных ФТС России. В январе 2020 года средняя цена по экспортному портфелю "Газпрома" была $162, в феврале - $143, в марте - $125 . Читать далее...
ТПП Предложила Минэкономразвития Дополнить Нацплан Восстановления Экономики 11 Мерами

Tass.ru, Июнь 11, 2020:   Глава Торгово-промышленной палаты (ТПП) России Сергей Катырин направил письмо министру экономического развития РФ Максиму Решетникову с просьбой рассмотреть 11 предложений организации для включения в общенациональный план восстановления экономики. Письмо имеется в распоряжении ТАСС, его подлинность подтвердили в пресс-службе палаты. Читать далее...
Дефицит Бюджета РФ в Январе-Мае Превысил 409 Млрд Руб.

Finmarket.ru, Июнь 11, 2020:   Федеральный бюджет РФ в январе-мае 2020 года был исполнен с дефицитом 409,117 млрд рублей, говорится в сообщении Минфина о предварительной оценке исполнения бюджета. Размер дефицита к объему ВВП в материалах министерства не приводится. Читать далее...
В Конгрессе США Предложили Ввести Новые Санкции Против России

Ria.ru, Июнь 10, 2020:   Рабочая группа крупнейшего объединения внутри республиканской фракции в палате представителей распространила в среду доклад, в котором содержатся предложения по новым санкциям против России. Необходимость ужесточить ограничения в документе объясняют тем, что Россия в последнее десятилетие утверждает свою роль в качестве глобальной державы "с ярко выраженным намерением подорвать мировой порядок под руководством США". 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 info@usrussiacc.org   
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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