July 2020 | ISSUE No. 283| USRCC Business Newsletter
USRCC Upcoming Events
U.S.-Russia Chamber of Commerce 
in the Summer NAPE 2020.
Summer NAPE goes virtual this time on the new NAPE Network — the platform for connecting the energy industry online — and you’ll want to be front and center to it all. 
Access the oil and gas prospects / producing properties, education, networking and dealmaking opportunities found only at NAPE — all at your fingertips.

Please find U.S.-Russia Chamber of Commerce at the Virtual Summer NAPE.
The virtual attendee pass includes 2-week access to all Summer NAPE content and NAPE Network features!
More information about Summer NAPE 2020 and registration for the event are available via link above.
Join us online and register now.
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
Shell Completes Sale of U.S. Appalachia Assets to National Fuel

Shell.com, July 31, 2020: SWEPI LP (“Shell”), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Appalachia shale gas position to Seneca Resources Company, LLC and NFG Midstream Covington, LLC, each of which are subsidiaries of National Fuel Gas Company (“NFG”). The consideration amount of $541 million, less closing adjustments, is paid fully in cash. The transaction has an effective date of January 1, 2020. Read more...
The ‘Coolest’ Internship in Commercial Real Estate

Moodyrambin.com, August 5, 2020: A young adult with a passion for HVAC gains first-time work experience with the help from APS Building ServicesSummerhouse Houston and Moody Rambin. When approached about the possibility of working with Davie, a young adult with Autism, Ron Brittain and Russell Griffin of APS Building Services jumped at the opportunity. Read more...  
Emerson and MHPS Collaborate on Power Industry Digital Transformation

Emerson.com, August 3, 2020: Emerson and Mitsubishi Hitachi Power Systems Americas (MHPS) are joining forces again to develop digital technologies, software and services to help utility customers drive operational excellence in North America. The companies will collaborate on digital solutions to optimize performance and reliability, enable predictive and AI-driven maintenance strategies, and automate operational decision-making. Read more...
This Week in Review
Aeroflot to Cancel Part of Previously Scheduled International Flights Until August 31

Tass.com, August 6, 2020: The development of hydrogen technologies has been increasingly put on the energy agenda recently. Europe’s ‘green’ initiatives are forcing natural gas suppliers to address improving environmental compatibility, and hydrogen may help them do that, experts polled by TASS believe. Read more...
Capacity of Russia's Seaports to Grow by over 300 mln Tonnes by 2024

Interfax.com, August 6, 2020: The capacity of ports in the Far Eastern, Northwestern, Volga-Caspian, and Azov-Black Sea basins of Russia will grow by more than 300 million tonnes over the next four years, Russian Deputy Prime Minister Marat Khusnullin said in an interview with Interfax on Thursday. "The development of ports in the Far Eastern, northwestern, Volga-Caspian, and Azov-Black Sea basins has been planned for the period through 2024. Four years from now, their capacity will have increased by more than 300 million tonnes," Khusnullin said. Read more...
Russia Continues Raising Fuel Oil Exports to United States

Reuters.com, August 6, 2020: Russia has continued increasing fuel exports to the United States, raising them by 16% in July from June, to 1.078 million tonnes, replacing crude oil supplies from Venezuela, Refinitiv Eikon and traders’ data showed on Thursday. Attractive pricing and lower freight rates have also supported demand for the Russian fuel oil. Read more...
Russia’s New Spacecraft Can Make Flights to Moon and Mars, Chief Designer Claims

Russiabusinesstoday.com, August 6, 2020: Russia’s Oryol latest spacecraft will be able to fly to asteroids and Mars as part of an inter-planetary system, Oryol Chief Designer Igor Khamits said in an interview with the Russian Space magazine published by the federal space agency RoscosmosTASS writes. Read more...
Siberian University Develops Way to Produce Artificial Blood Vessels for 90% Cheaper than Existing Method

Rt.com, August 5, 2020: Researchers at Russia’s Tomsk Polytechnic University have developed a cheap new technology for creating artificial vessels, which are used in the treatment of acute vein thrombosis. When treating thrombosis, doctors attempt to restore the functionality of blood vessels medically or surgically. If this proves impossible, the vessel is removed and replaced with an artificial one. The new method enables these man-made vessels to easily take root in the body while providing optimal blood flow. Read more...
Coronavirus Sends Income for Russia’s Entrepreneurs to Lowest Level On Record

Themoscowtimes.com, August 3, 2020: Russians’ earnings from business activity crashed to their lowest level this century during the second quarter as the coronavirus pandemic battered the country’s small and medium-sized businesses. Data from Russia’s federal statistics service Rosstat showed that just 3.5% of all household income came from so-called ‘entrepreneurial activity,’ a classification which covers money earned by small business owners as well as some rental income and other royalties. Read more...
Houston-Tyumen Sister Cities
Gazprom Neft Starts Developing New Production Cluster in Western Siberia

Steelguru.com, August 6, 2020: Gazprom Neft has begun its full-scale development of a major hydrocarbon cluster, with total potential resources estimated at 650 million tonnes of oil, covering license blocks in the Khanty-Mansi Autonomous Okrug and the Tyumen Oblast. One million tonnes of liquid hydrocarbons have been produced at the flagship asset on this project, the Alexander Zhagrin field in Yugra, in its first year under development. Read more...
CIS Business News
Astana Hub Announces Next Acceleration Program, Advances Social Innovation Startups

Astanatimes.com, August 5, 2020: The Astana Hub International Technopark of IT startups is accepting applications from startups for the Stream 8 acceleration program until August 15, reported the Astana Hub’s press service. The program lasts three months and gives the opportunity to teams who want to develop their project and work with mentors and trackers. Participation is free. The main task of the startups is to attract potential investors to the development of their project. Read more...
Belarus, Uzbekistan Interested in Developing Cooperation in Mechanical Engineering

Eng.belta.by, August 3, 2020: Belarusian Ambassador to Uzbekistan Leonid Marinich met with top managers of OOO Krantas and AO Uzagroleasing, BelTA learned from the Belarusian diplomatic mission. During the meeting, the parties discussed ways to step up supplies of Belarusian mechanical engineering products to Uzbekistan, to develop cooperation with the Uzbek manufacturer on joint assembly of MTZ tractors and MAZ trucks. Read more...
Azerbaijani Entrepreneurs Receive Investment Capital within the EU-funded Project

Azernews.az, August 4, 2020: Thirty-nine women in Azerbaijan’s Nakhchivan Autonomous Republic received investment capital worth 25,200 manat ($14,823) within the project entitled "Empowering Women for Sustainable Development", which is funded by the European Union and partially by UNDP, Executive Director of the Azerbaijan Micro-finance Association (AMFA) Jhale Hajiyeva told Trend on June 16. Read more...
US-Russia Related News in Russia
◾ Новости недели
ЦБ Ждет как Минимум Синхронного с Миром Восстановления Российской Экономики

Kommersant.ru, Август 4, 2020: Восстановление экономики РФ до «доковидных» уровней будет, по прогнозу Банка России, происходить синхронно с остальным миром даже в случае сохранения текущих уровней цен на нефть. Из цифр и оценок «Доклада о денежно-кредитной политике» ЦБ следует, что возможно и несколько более быстрое, к 2022 году, восстановление показателей ВВП в сравнении со среднемировыми. Читать далее...
Бюджет Впервые с Начала Кризиса Получит Сверхдоход из-за Цены Нефти

Rbc.ru, Август 5, 2020: Минфин России с 7 августа по 4 сентября продаст на рынке из своих резервов иностранную валюту в эквиваленте 64,9 млрд руб. ($884 млн по текущему курсу). Ежедневный объем продажи составит в эквиваленте 3,1 млрд руб., говорится в сообщении ведомства. Минфин продает валюту со своих счетов в ЦБ с апреля, когда цена российской нефти Urals опускалась до минимальных с 1999 года $11 за баррель. Читать далее...
Международные Резервы России за Неделю Выросли на $9,1 млрд

Tass.ru, Август 6, 2020: Международные резервы РФ, по данным на 31 июля, увеличились по сравнению с показателем на 24 июля на 1,6% (или на $9,1 млрд) и составили $591,8 млрд. Об этом говорится в материалах Банка России. В регуляторе отметили, что рост произошел "под воздействием положительной курсовой переоценки и повышения цен на золото". Читать далее...
Валютную Выручку Разрешат не Возвращать в Россию

Vedomosti.ru, Август 7, 2020: Банк России готов к дальнейшей либерализации валютного законодательства. Регулятор предлагает поэтапно отменить репатриацию экспортной выручки в иностранной валюте и снять ограничения на ее зачисление на зарубежные счета экспортеров. Помимо этого предлагается упростить порядок взаимодействия бизнеса с уполномоченными банками при совершении валютных операций. Читать далее...
Деловая Активность в Сфере Услуг в России Рекордно Выросла с 2008 Года

Forbes.ru, Август 5, 2020: Индекс деловой активности (PMI) в сфере услуг России вырос за месяц на 10,7 балла и в июле 2020 года достиг 58,5 балла, что является максимальным показателем с июля 2008 года, свидетельствуют данные исследования IHS Markit. Темпы роста индекса также оказались рекордными за 12 лет. Значение индекса выше 50 пунктов указывает на рост деловой активности по сравнению с предыдущим месяцем, а ниже 50 — на общее снижение. 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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