July 2020 | ISSUE No. 279| USRCC Business Newsletter

◾ USRCC Upcoming Events

The U.S.-Russia Chamber of Commerce  and its Technology & Innovation Committee  invite you to attend THE WEBINAR  Digital Technology Advancements in the Aerospace Industry

EVENT DATE:  Wednesday, July 15th, 2020  11:30 am - 1:05 pm (CST)

CLICK HERE TO REGISTER

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.

AGENDA:

SPEAKERS:

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.

Nathan Holyoak  is a Systems Engineer currently working for Northrop Grumman Corporation in the solid rocket motor division.  Nathan holds a B.S. and M.S. in Mechanical Engineering as well as an MBA. He has over a decade experience in process and product lifecycle management. He and his team began leveraging CAD solid models to improve design efficiencies and reduce product defects.  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.

Rick Murphy's proven leadership, market expertise, and results orientation come from over 34 years of engineering and software industry experience in the manufacturing (Aerospace, Automotive, etc.), chemical, Clinical Healthcare, and Life Science markets.  To read 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

CLICK HERE TO REGISTER

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 Started Using Associated Gas o Provide Electric Power for Drilling Lukoil.com, July 6, 2020: LUKOIL has successfully implemented oil-associated gas utilization project to be used as a source of energy for drilling at the Sredne-Nazymskoye field in KhMAO-Yugra. This technology resulted in reducing power consumption costs for drilling by 50% against that of diesel generators used before. Read more...

Jaguar E&P Selects Emerson to Enhance Onshore Exploration and Production Program Emerson.com, July 7, 2020:   Emerson announced today that Jaguar Exploración y Producción (Jaguar), an independent oil and gas company based in Mexico City, will use its exploration and production (E&P) software and services to maximize the potential of Jaguar’s onshore assets and projects. Jaguar plans to utilize Emerson’s  E&P software  solutions for  seismic and well data analysis ,  multi-survey seismic and geologic interpretation ,  petrophysical analysis  and  subsurface modeling  to improve performance, enhance operational certainty and support effective asset management. Read more...

New ASTM Standard Will Help Determine Presence of Metal in Fuels Astm.org, July 9, 2020:   A new ASTM International standard will be used to test for specific metals in crude oils. ASTM’s petroleum products, liquid fuels, and lubricants committee (D02) developed the new standard. The new standard (soon to be published as D8322) describes a test method using microwave plasma atomic emission spectrometry (MP-AES) to determine the presence of nickel, vanadium, iron, and other elements in crude oil and other heavy fuels. Read more...

◾ This Week in Review

Russia Leads Emerging Market Stock Rally to Hit Four-Month High Rt.com, July 6, 2020:  The MSCI index of developing-world stocks rose 1.8 percent on Monday to its highest level since February 26. The growth comes as strong economic data from emerging markets gave investors hope of an economic recovery. Chinese stocks were the biggest boost to the index, as the country’s business activity recovered steadily. Strong economic readings from China and the US last week had partially restored investors’ risk appetite. Read more...

Russia’s Air Service with CIS Countries May Restart in August, Expert Says Tass.com, July 9, 2020:  The air traffic between Russia and CIS countries may be resumed in August, President of the Russian Travel Industry Union Andrei Ignatyev said on Thursday at a press conference in the TASS’ Ural Regional Information Center. Read more...

Gazprom Establishes New Subsidiary Gazprom Vladivostok Russiabusinesstoday.com, July 8, 2020:  The parent company  Gazprom  has established a new subsidiary, Gazprom Vladivostok. It was headed by the former Deputy Chairman of the Management Committee, the head of the Gazprom administration, and now Mikhail Sereda, First Deputy General Director of Gazprom Export,  Interfax  reported. Read more...

Exclusive: Russia's Rosneft to Buy a Drilling Business from IDS: Letter Reuters.com, July 7, 2020:   Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs. The letter said Rosneft, using its Intellektualnye Sistemy affiliate, would take over or merge with telemetry specialist IDS Navigator, which helps operators guide drilling as a well progresses based on measurements communicated from below. Read more...

Russia Secures Lowest Number of Foreign Investment Projects Since 2014 Themoscowtimes.com, July 6, 2020:   Russia saw its lowest number of foreign investment projects last year since 2014, consultants EY have found. In total, they counted 191 deals across the country which secured foreign investment in 2019 — a 9% slump from 2019. More than half of all foreign investment went into industrial projects, with agricultural firms counting for more than a fifth of all projects which received foreign direct investment (FDI). Read more...

Manturov Speaks of Contract with U.S. on Supply of Russian Temperature Measurement Equipment Interfax.com, July 8, 2020:  Russia will supply temperature measurement terminals to the United States under a contract, Russian Industry and Trade Minister Denis Manturov said. Russia has supplied 600 ventilators to Uzbekistan, Serbia, Italy and Belarus amid the coronavirus pandemic, he said. "There is a contract on the sale of temperature measurement terminals to the United States," Manturov said in the Federation Council on Wednesday. Read more...

◾ Houston-Tyumen Sister Cities

Stepping Towards Stronger AI: Biomorphic Neuro Processor Developed in Russia Sputniknews.com, July 9, 2020:   Scientists from the University of Tyumen (UTMN) have presented the concept of a unique biomorphic neuro processor to the world scientific community, based on a new component of nanoelectronics - a composite memristor-diode crossbar, the UTMN press service reports. Read more...

◾ CIS Business News

World Bank Approves $500 million Loan to Kazakhstan to Develop Farming Astanatimes.com, July 7, 2020: The World Bank Executive Board has approved a $500 million loan to Kazakhstan to develop farming as part of the Sustainable Livestock Development Program meant to support sustainable, inclusive and competitive beef production in Kazakhstan. The funds, which will be disbursed based on the achievement of specific program results, will be used to support the nation’s state agriculture development program in improving veterinary services and animal registration systems, expand farmer-oriented service delivery and enhance agri-environmental policies over the next five years.   Read more...

New Projects in Innovative Development Program to Help Fuel Regional Economy Growth in Belarus Eng.belta.by, July 8, 2020:   New projects, which have been added to the government program on innovative development in 2016-2020 by presidential decree No.254, will help fuel economic growth in the regions, BelTA learned from Chairman of the State Science and Technology Committee Aleksandr Shumilin. Eight new projects in the spheres of healthcare, production sector and agribusiness have been added to the program. Read more...

Volume of Baku's Trade Turnover Drops Azernews.az, July 8, 2020:   The volume of trade turnover of Azerbaijan’s Baku declined by 1.6 percent from January through May 2020, compared to the same period of 2019, Trend reports citing the State Statistical Committee. According to report, the volume of food, beverages and tobacco products sold in the retail network in the capital increased by 4.1 percent over the year and totaled over 3.9 billion manat ($2.2 billion). Read more...

◾ US-Russia Related News in Russia ◾ Новости недели

Нефтехимические Компании Получат Господдержку в Размере Более ₽90 млрд Rbc.ru, Июль 7, 2020:   Правительство согласовало и внесло в Госдуму законопроект о поддержке нефтегазохимических заводов в России, который готовился почти два года. Это следует из базы данных Госдумы. Законопроект призван поддержать производителей, использующих в качестве сырья этан и сжиженный углеводородный газ (СУГ).   Читать далее...

Всемирный Банк Оценил Антикризисные Меры в России Kommersant.ru, Июль 7, 2020:   Хотя базовый среднесрочный прогноз Всемирного банка (ВБ) в отношении РФ был опубликован еще в начале июня, актуальный выпуск традиционного  доклада  банка об экономике России говорит о том, что его риски усугубились. Напомним, согласно прогнозу максимальный за последние 11 лет спад экономики на 6% 2020 года (МВФ минус 6,6%, ЦБ — минус 4–6%, Минэкономики — минус 4,8%) не будет окончательно компенсирован и в 2022 году на фоне двойного дефицита — бюджета и платежного баланса до 2021 года. Читать далее...

Выручка Малого и Среднего Бизнеса Упала на 26% Tass.ru, Июль 6, 2020:   Выручка малого и среднего бизнеса в сферах торговли и услуг в июне упала на 26% по сравнению с показателями 2019 года. Об этом свидетельствуют данные исследования ИТ-компании " Эвотор ", которое имеется в распоряжении ТАСС. Читать далее...

В Госдуме предложили расширить доступ к льготам для зарубежных инвесторов Rbc.ru, Июль 6, 2020:   В Госдуме предлагают расширить возможности для получения бизнесом налоговых преимуществ при выплатах за рубеж. Копия вносящего изменения в Налоговый кодекс законопроекта, который призван устранить технические сложности на пути таких перечислений, есть у РБК, его подлинность подтвердил источник, принимающий участие в разработке документа. Читать далее...

Профицит Торгового Баланса России в Январе-Мае Снизился на 40,4% 1prime.ru, Июль 7, 2020:   Положительное сальдо торгового баланса РФ в январе-мае текущего года снизилось на 40,4%, или на 32,3 миллиарда долларов по сравнению с аналогичным периодом 2019 года и составило 47,7 миллиарда долларов, сообщает Федеральная таможенная служба (ФТС). По данным таможенной статистики, в январе-мае 2020 года внешнеторговый оборот России составил 224 миллиарда долларов, сократившись на 17% в годовом выражении. Читать далее...

ОПЕК+ на Развилке: Почему России Придется Согласиться на Нефть по $35-45 за Баррель Forbes.ru, Июль 9, 2020:   Паника марта-апреля на нефтяном рынке  вроде бы осталась в прошлом, однако в реальности ситуация по-прежнему очень хрупкая и противоречивая. С одной стороны, уже полтора месяца цены на российскую нефть Urals находятся на уровне «$40 с небольшим», иногда даже заходя за линию цены отсечения ($42,4). И хотя в условиях падения экономики и пандемии коронавируса этот уровень уже не означает точки безубыточности российского бюджета, на фоне мартовских дней, когда цена уходила ниже $10, это просто праздник. Читать далее...

GET INVOLVED 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

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U.S.-Russia Chamber of Commerce 2900 Wilcrest Drive Suite 133 Houston, TX 77042 713-429-4680 info@usrussiacc.org http://www.usrussiacc.org

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.