July 2020 | ISSUE No. 278| USRCC Business Newsletter
U.S.-Russia Chamber of Commerce wishes you
happy 4th of July and a great weekend!
USRCC Activities
Tuesday, June 30, 2020
On June 30, 2020 , the USRCC in partnership with the U.S. Commercial Service hosted a webinar with the  U.S. Ambassador to the Russian Federation Honorable John J. Sullivan and the Russian Ambassador to the U.S. Honorable Anatoly I. Antonov who provided key note presentations and addressed trade related questions from about 140 webinar attendees representing US and Russian companies from oil and gas, finance, logistics and transportation, manufacturing, aerospace, and other industries. Webinar also featured Texas - Urals Regional Virtual Trade Mission and Business Dialogue, which included the following speakers:  Michael Treyger, Deputy Director, Business and Community Development, Economic Development and Tourism, Office of the Governor, State of Texas; Aleksey Orlov, First Deputy Governor, Sverdlovsk Region; Andrey Panteleyev, Deputy Governor, Tyumen Oblast; Viktor Koksharov, Rector, Ural Federal University (UrFU); Paul A. Pavlou, PhD Dean, Cullen Distinguished Chair, C.T. Bauer College of Business, University of Houston; Andrey Besedin, President, Ural Chamber of Commerce and Industry; Dmitriy Kamerlokher, Owner, the Sibeko Group; Anton Druzhinin, Director Operations, CIS, IG Metran / Emerson LLC; Svetlana Strelnikova, Executive Director, SKB-Kontur; John W. Wallace, Chairman and Chief Executive Officer, DeGolyer and MacNaughton; Natasha Robarge, Vice President for Operations and Business Development,TechTrans International Inc. (TTI).

Speakers discussed business opportunities between the State of Texas and the Urals Region.
Honorable John J. Sullivan
U.S. Ambassador
to the Russian Federation

Amy Storrow
Consul General in Yekaterinburg,
United States

Andrey Panteleyev
Deputy Governor, 
Tyumen Oblast

Andrey Besedin
President, Ural Chamber of Commerce and Industry
Svetlana Strelnikova
Executive Director, SKB-Kontur
His Excellency Anatoly I. Antonov
Ambassador of the Russian Federation
to the United States of America
Michael Treyger
Deputy Director, Business and
Community Development,
Economic Development and
Tourism, Office of the Governor,
State of Texas
Viktor Koksharov
Rector, Ural Federal University (UrFU)

Dmitriy Kamerlokher
Owner of the Sibeko Group

John W. Wallace 
Chairman and Chief Executive Officer of DeGolyer and MacNaughton
James Golsen
Commercial Counselor - Senior
Commercial Officer Embassy of the United States of America 
in Moscow
Aleksey Orlov
First Deputy Governor, 
Sverdlovsk Region

Paul A. Pavlou
PhD Dean,
Cullen Distinguished Chair,
C.T. Bauer College of Business, 
University of Houston
Anton Druzhinin
Director Operations, CIS
(IG Metran / Emerson LLC)

Natasha Robarge
Vice President for Operations and Business Development at TechTrans International Inc. (TTI)
USRCC Activities
Thursday, June 25, 2020
On June 25, 2020 , the USRCC and its Young Professionals Committee hosted the 4th Annual Senior Executive Knowledge Sharing Series Live Webinar with William Marsh, Chief Legal Officer & Board Member, Baker Hughes.
William Marsh
Chief Legal Officer & Board Member,
Baker Hughes
This annual event was held using the on-line platform.  During the webinar Mr. Marsh addressed the new ways of doing business, future of the work place, business risks and opportunities in oil and gas industry, and the strategies to build a successful career.  About 30-40 attendees were able to get engaged in a lively Q&A session moderated by Ilya Aranovich, Young Professionals Committee Chair.
USRCC Upcoming Events
The U.S.-Russia Chamber of Commerce 
and its Technology & Innovation Committee 
invite you to attend


Digital Technology Advancements in the Aerospace Industry

Wednesday, July 15th, 2020 
11:30 am - 1:05 pm (CST)
Registration is complimentary

Please register online at the link above by Tuesday, July 14, 2020 (COB). 
Details to access the webinar will be provided via email upon registration.
The U.S. aerospace industry is the largest in the world and offers a skilled and educated workforce, extensive distribution systems, diverse offerings, and strong support at the local and national level for policy and promotion. U.S. aerospace manufacturers are very competitive internationally. In 2018, the industry contributed $151 billion in export sales to the U.S. economy. Its positive trade balance of nearly $88 billion that year was the largest trade surplus of any manufacturing industry, supporting high-wage jobs for hundreds of thousands of American workers. At the end of 2018, foreign direct investment (FDI) into the U.S. aerospace industry totaled nearly $22 billion.
Mr. Kenneth Scherwinski  is currently the president of CTRL2GO, Inc which is the U.S. office of a global technology company that creates digital solutions to improve management efficiency. Ken holds a BSEE and an MBA from the university of California, Irvine and started his career as an engineering draftsman in industrial and aerospace applications.  

To read the full bio click  here.
As the CTO of Tietronix Software,  Dr. Michel Izygon  is in charge of defining the technologies to be used in the support of the business strategy. Currently Tietronix Software Inc. is focused on delivering advanced software technologies services to NASA/Johnson Space Center as well as to commercial customers in the Medical device space, and Oil and Gas industry. 

To read the full bio click  here.
Fedor Antonov , CEO of Anisoprint, Ph.D. in Fundamental Mechanics, 10+ years of academic and industrial experience in design and optimization of composite materials and structures.
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, Gazprom Neft and Tatneft Joint Venture to Develop Hard-To-Recover Reserves in Volga-Ural Region

Lukoil.com, June 29, 2020: LUKOIL, Gazprom Neft and Tatneft have closed a deal to set up a joint venture to explore and produce hard-to-recover hydrocarbons in the Orenburg Region. Partners agreed to share technologies and innovations to develop conventional oil reserves and work upon economically viable technologies for commercial development of hard-to-recover reserves at two license areas in the Volga-Ural region. Read more...
S&P, Moody’s and Fitch Affirm Gazprom’s Long-Term Investment-Grade Ratings

Gazprom.com, June 26, 2020:  In May-June 2020, international ratings agencies S&P Global Ratings, Moody's Investors Service and Fitch Ratings affirmed Gazprom's long-term credit ratings as part of their annual reviews. As before, all these ratings are investment-grade with a stable outlook. The S&P (ВВВ-) and Fitch (BBB) ratings correspond to the sovereign credit rating of the Russian Federation, while the rating assigned by Moody's (Baa2) is a notch higher. Read more...
Emerson’s New Aluminum Cylinder Boosts Machine Speeds and Cuts Downtime

Emerson.com, June 29, 2020:   Machine builders and their end-user manufacturers can increase machine speeds and reliability with the new AVENTICS™  TM5 TaskMaster™ aluminum cylinder  from Emerson. The National Fluid Power Association (NFPA)-compatible pneumatic cylinder reduces cost, energy consumption, equipment wear and downtime. With its rugged aluminum body construction and a steel piston rod, the TM5 TaskMaster features Emerson’s state-of-the-art pneumatic cushioning technology that allows an ideal cushion adjustment to slow down the piston to a stop by the time it reaches the endcap. Read more...
ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research and Energy Solutions

Exxonmobil.com, July 2, 2020:   The new, five-year agreement builds on ExxonMobil’s participation in Princeton’s E-filliates Partnership, which began in 2015. E-filliates is a corporate membership program administered by the Andlinger Center and aims to help accelerate research, development and deployment of energy and environmental technologies through academia and industry partnerships. Read more...
This Week in Review
No entry: Russia Extends Covid-19 Foreigner Ban until August

Rt.com, July 2, 2020:  If you’ve been waiting to fly to Russia, you’d better stop holding your breath. On Thursday, the country’s Federal Air Transport Agency announced that Covid-related international flight restrictions have been extended – again. Just days after Russian Foreign Minister Sergey Lavrov said “I don't know” when asked about the borders opening, we all now have some extra information – definitely not in July. Read more...
Toughening of US Export Restrictions Won't Affect Russian Market, Says Industry Minister

Tass.com, June 30, 2020:  More stringent export restrictions introduced by the United States against Russia the day before will not affect the national radio electronic market, Minister of Industry Denis Manturov said on Tuesday. Read more...
Russia’s Kurchatov Research Center Develops Power Unit for Lunar Base

Russiabusinesstoday.com, July 1, 2020:  The Kurchatov Institute National Research Center has obtained a patent for the system capable of converting thermal energy into electric power, including for a lunar base, according to the invention’s description released by the Federal Institute of Industrial Property on Tuesday,  TASS  informed. Read more...
Russia to More than Double State Borrowing in 2020

Reuters.com, July 2, 2020:   Russia plans to more than double its state borrowing this year to fund a rising budget deficit, with spending increasing to overcome the coronavirus crisis, aggravated by low oil prices, Deputy Finance Minister Vladimir Kolychev said. The economy is on track to shrink by nearly 6% in 2020, taking a hit from the coronavirus-related lockdowns and a global agreement to cut oil output. Read more...
Russia’s Top Firms Criticize Government’s Coronavirus Support Package

Themoscowtimes.com, July 2, 2020:   Some of Russia’s largest companies have complained about excessive bureaucracy and administrative hurdles in their attempts to access emergency financial support to deal with business losses from the coronavirus, Russian daily Kommersant reported Thursday. Read more...
Minister Sees Russian GDP Recovering to 2019 Level by Q4 2021, then Growing 3%

Interfax.com, June 30, 2020:  Russia's economy might recover to the average level of 2019 by the fourth quarter of 2021, and subsequently it is expected to see steady growth of around 3% per year, Economic Development Minister Maxim Reshetnikov said at a meeting on the labor market situation chaired by Prime Minister Mikhail Mishustin. "The national plan presumes that by the fourth quarter of 2021 we will return to the average annual GDP of 2019 and thus fulfill the objective of economic recovery," Reshetnikov said. Read more...
Houston-Tyumen Sister Cities
Belarus, Russia's Tyumen Oblast to Advance Cooperation in Production Sector

Eng.belta.by, June 30, 2020:   Prospects of advancing mutually beneficial partnership in various branches of the production sector were discussed at a session of the working group on trade, economic, scientific, and technical cooperation between Belarus and Russia's Tyumen Oblast, the press service of the Belarusian Energy Ministry told BelTA. Read more...
CIS Business News
Astana Finance Days Conference Tackles Global Economic Downturn, Discusses Mitigation Strategies

Astanatimes.com, June 29, 2020: The third annual Astana Finance Days (AFD) five-day conference began on June 29 with virtual discussions, webinars and live panel sessions on support mechanisms to reverse the economic repercussions of the global lockdown. The third conference was named: “Markets in a Disrupted World” and as the name implies, was set up to discuss the global economy, fintech, capital markets, Astana International Financial Center (AIFC) law, Islamic finance, as well as the development of human capital. Read more...
Shipments of U.S. oil to Belarus to Continue via Long-Term Program

Eng.belta.by, June 30, 2020:   U.S. oil has been shipped to Belarus not as a one-time event. The shipments will continue as part of a long-term program, BelTA learned from Belarusian Minister of Foreign Affairs Vladimir Makei. Vladimir Makei said that as Belarus looks for oil suppliers, the country primarily takes into account principles of economic advisability. Read more...
Demand from Azerbaijani Banks at CBA's Foreign Exchange Auction Increases

Azernews.az, June 30, 2020:   The Central Bank of Azerbaijan (CBA) held a foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), during which Azerbaijani banks acquired $50.8 million,  Trend  reports on June 30 citing CBA. According to CBA, demand from the banks at the auction increased by 22.1 percent or by $9.2 million compared to the previous auction. Read more...
US-Russia Related News in Russia
◾ Новости недели
Новак Спрогнозировал Восстановление Спроса на Углеводороды в Мире Только к Концу 2021 г.

Interfax.ru, Июль 2, 2020:   Спрос на углеводороды в мире восстановится на докризисный уровень не ранее конца 2021 года, и это еще оптимистичный сценарий, сообщил министр энергетики РФ Александр Новак на международной конференции "Глобальная энергетика и международные политические риски", организованной дискуссионным клубом "Валдай". Читать далее...
Промышленники Хотят Выйти из Списков Получателей Господдержки

Kommersant.ru, Июль 2, 2020:   Представители целого ряда компаний, включенных в список системообразующих в условиях пандемии, пожаловались “Ъ” на неудобства, которые создает этот статус. Сейчас в перечне более 1335 организаций, 43% из которых относятся к промышленности, 14% — к транспорту, 8% — к ТЭКу. Читать далее...
Экспорт Компаний Среднего Бизнеса в РФ во Время Пандемии Вырос на 10,7%

Tass.ru, Июнь 29, 2020:   Средние предприятия в России нарастили экспорт в апреле текущего года на 10,7% по сравнению с тем же месяцем годом ранее. Об этом сообщили в понедельник ТАСС в аналитической службе международной аудиторско-консалтинговой сети FinExpertiza. Читать далее...
США Ужесточили Ограничения для Экспорта в Россию

Rbc.ru, Июнь 30, 2020:   США в очередной раз ужесточили правила экспортного контроля в отношении поставок товаров в Россию. 29 июня вступили в силу два новых правила Бюро промышленности и безопасности (BIS) Министерства торговли США, которые еще больше ограничивают потенциальный экспорт чувствительных технологий в Россию (а также в Китай и Венесуэлу). Читать далее...
Введение Квот на Госзакупку Российской Продукции не Приведет к Ограничениям для Закупки 99% Импортных Товаров - Артемьев

Finmarket.ru, Июнь 30, 2020:   Введение механизма квотирования закупок госзаказчиками и госкомпаниями продукции российского (евразийского) производства не приведет к ограничениям на закупку 99% импортных товаров, заявил глава Федеральной антимонопольной службы (ФАС) России Игорь Артемьев в ходе брифинга Ассоциации европейского бизнеса."Для 99% импортной продукции ограничений из-за введения механизма квотирования не будет, - сказал Артемьев. - Больших изменений тут не произойдет". Читать далее...
В Минфине Объяснили, Почему Стараются не Расходовать ФНБ

Ria.ru, Июль 2, 2020:   Минфин России накопил в Фонде национального благосостояния (ФНБ) более 12 триллионов рублей, однако для финансирования допрасходов предпочитает наращивать заимствования, а не тратить средства фонда, поскольку видит риски, в том числе для стабильности рубля, сообщил замминистра финансов Владимир Колычев. Объем фонда на 1 июня составлял 12,161 триллиона рублей. 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 .

Copyright 2017. All Rights Reserved.