August 2020 | ISSUE No. 286| USRCC Business Newsletter
USRCC Upcoming Events
There is no shortage of reasons why business investors choose the United States – from the business-friendly environment and quality of life considerations to specific technology, supply chain, infrastructure and workforce factors. The nation’s diversity and openness are what truly allow businesses from all countries and industries to find their place in the market – and thrive.

This event is targeted to assist foreign companies to learn about legal, tax, real estate, insurance, banking, operational, and economic development issues they should consider while starting operations in the U.S.A.

Tuesday, September 22nd, 2020 
Houston - 8am CST | Moscow - 4pm MST | Yekaterinburg - 6pm YST
Cost: free

Simultaneous translation into Russian language is included.
Registration deadline: noon (CST) Monday, September 21, 2020. 
Webinar details will be provided upon registration.
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.
Nyamusi K. Igambi
U.S. Commercial Service - Houston 

To read the full bio click here.
Andrew A. Pidgirsky
Lewis Brisbois Bisgaard & Smith LLP

To read the full bio click here.
Rolando Garcia, JD, CPA 
Doeren Mayhew CPAs

To read the full bio click here.
Oleg Efimochkin
Vice President, 
JPMorgan Chase Bank, N.A.

To read the full bio click here.
Mark H. Wood
Senior Vice President, 
Moody Rambin

To read the full bio click here.
Tom Ford
Vice President, 
Moody Rambin

To read the full bio click here.
J. R. Love, Jr., JD
Vice President, 
Brightline Insurance

To read the full bio click here.
Eric D. Geisler
Economic Incentive Services, LLC (EIS)

To read the full bio click here.
Piotr Galitzine
Former Chairman and CEO,

To read the full bio click here.
USRCC’s Logistics, Transportation and Customs Conference provides opportunities to learn more about transportation, distribution, logistics, customs, shipping, risk management, insurance and most currents customs regulations. 

This year Conference will cover logistics, transportation, and customs issues during COVID-19 as well as industry response and future outlook.

Friday, October 2nd, 2020 | 8 am CST
Cost: complimentary

Registration deadline: noon (CST) Thursday, October 1st, 2020.
Please note: Refunds will not be issued after September 30th, 2020.
Webinar details will be provided upon registration.
John A. Moseley 
Chief Commercial Officer, 
Port of Houston Authority

To read the full bio click here.
Rick Shannon 
Member of the Board of Directors,
Atlantic Ro-Ro Carriers, Inc.

To read the full bio click here.
Nikolai Belikov
Operations Director,

To read the full bio click here.
Matthew Borman
Deputy Assistant Secretary of Commerce,
US Department of Commerce, 
Bureau of Industry and Security

To read the full bio click here.
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
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 Modernization of its Yarega Field Production Facilities in the Republic of Komi, August 26, 2020: LUKOIL launched a priority project aimed at the modernization of Yarega field oil mines and related infrastructure. The project entails the first ever full reconstruction of all three Yarega oil mines, including modernization of both the surface and subterranean facilities. Reconstruction of pithead buildings, horizontal rock debris, sectional ventilation shafts, steam-injection and extraction wells, and underground complexes is planned. Read more...
Gazprom and Mongolian Government Sign Memorandum of Intent, August 25, 2020: A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ukhnaagiin Khurelsukh, Prime Minister of Mongolia, took place today via a video call. The parties discussed the prospects of cooperation on the project for pipeline gas supplies from Russia to China across Mongolia. Read more...
Libra Consortium Takes Final Investment Decision on Mero-3 FPSO in Brazil's Pre-salt, August 25, 2020: This is the third production system to be deployed in the Mero field, with final investment decisions to contract the Mero-1 and Mero-2 FPSOs already taken. Each unit has a daily operational capacity rate of 180,000 barrels of oil equivalent, with production coming online over the next four years. The Pioneiro de Libra FPSO (50,000 barrels of oil equivalent/day) has been producing at Mero since 2017 and is a key source of information for the consortium to aid further development and productivity of the field, reservoir and wells. Read more...  
This Week in Review
Russian GDP Could Fall 5%-6% in 2020, but Problems Have Already Peaked - Putin, August 27, 2020: The Russian economy could decline 5%-6% in 2020 but the problems in the economy have now peaked and recovery is under way, President Vladimir Putin said in an interview with the Rossiya-1 television channel (VGTRK) on Thursday. "The whole world economy has faced the serious consequences of this epidemic," Putin said, adding that the global economy might shrink around 5% in 2020. Read more...
Rostec’s Avtomatika Working on Alternative Zoom Conference Service, August 27, 2020: The Avtomatika company, part of the Rostec state corporation, is developing a cloud platform for secure video conferencing and intends to create a Russian alternative to the Zoom service, the company’s CEO Vladimir Kabanov said in an interview with TASS. Read more...
Russian Government Develops Ways to Subsidize Fuel Supplies to Far East, August 25, 2020: The Russian Federal Antimonopoly Service together with Russian Railways, are preparing a draft government decree on subsidizing fuel supplies to the Far East, the mechanism will improve the situation with the supply of the region, said deputy head of the FAS, State Secretary Andrei Tsarikovsky in an interview with TASS on Tuesday. Read more...
Worst of Coronavirus Impact on Russia’s Economy Over – Putin, August 27, 2020: Russian President Vladimir Putin says the country has already passed the peak of the economic problems caused by the Covid-19 pandemic, paving the way for economic recovery next year. In an interview with the Rossiya 24 TV channel, the president said the country’s key macroeconomic indicators are stable, despite the aftermath of the coronavirus crisis. Read more...
Russian Technology to Allow Charging Gadgets From Your Own Body, August 27, 2020: Researchers at the National University of Science and Technology MISiS have created a new type of thermocells, devices that convert heat into electricity. According to the authors of the study, this will make it possible to use environmental heat to create batteries for portable electronics, built into clothing for example. Read more...
Houston-Tyumen Sister Cities
Tyumen Oil and Gas Forum Can Be Visited Free of Charge, August 28, 2020: This year, you can get to the Tyumen Oil and Gas Forum free of charge by choosing the "Guest" format during registration . It allows you to visit the exhibition of innovative projects of the fuel and energy complex on any of the three days of the forum, as well as a number of open sessions on the second and third days. Read more...
CIS Business News
Kazakh Government Forecasts Kazakhstan to Have 2.8 Percent GDP Growth in 2021, August 26, 2020: The Kazakh Ministry of the National Economy has projected a 2.8 percent growth in real gross domestic product (GDP) in 2021, and 4.6 percent in 2025. This was announced by the National Economy Minister Ruslan Dalenov during an Aug. 25 government meeting. The ministry relied on a baseline scenario to calculate Kazakhstan’s economic development for 2021-2025. Read more...
Belarus Specifies Rules for Receiving Foreign Gratuitous Aid, August 28, 2020: Resolution No.502/4 of the Council of Ministers and the Belarus President Property Management Directorate as of 27 August 2020 has specified the way foreign gratuitous aid should be received, registered, handled, and utilized. The resolution was posted on the National Legal Internet Portal on 28 August, BelTA has learned. Read more...
Azerbaijan, Kazakhstan Mull Trans-Caspian International Transport Corridor Project, August 28, 2020: Azerbaijan and Central Asian country of Kazakhstan have discussed joint projects related to Trans-Caspian International Transport Corridor, Azerbaijan Railway company’s press service has reported. During the online meeting held between the two countries railway operators – Azerbaijan Railway and Kazakhstan Railway companies – the sides discussed the pilot project on creation of the digital corridor in the Trans Caspian International Transport Corridor, paperless execution of documents during cargo transportation on the route. Read more...
US-Russia Related News in Russia
◾ Новости недели
Прибыль «Роскосмоса» в 2019 Году Выросла на 56%, Август 25, 2020: 25 августа, состоялось заседание наблюдательного совета «Роскосмоса». На заседании был утвержден финансовый отчет госкорпорации за прошлый год. Чистая прибыль госкорпорации увеличилась на 56%. Точные цифры не приводятся. Исходя из данных годового отчета за 2018 год, в 2019 году чистая прибыль госкорпорации составила 15,15 млрд руб. Читать далее...
СМИ Узнали о Попытках «Роснефти» Изменить Схему Сдерживания Цен на Бензин, Август 28, 2020: «Роснефть» добивается от правительства изменения механизма демпфера, позволяющего сглаживать колебания цен на нефтепродукты на внутреннем рынке. Об этом со ссылкой на источники сообщает «Коммерсантъ». Из-за обвала цен на нефть на мировых рынках для нефтяников в этом году механизм демпфера оказался убыточным. Читать далее...
Кредитование Малого Бизнеса Выросло на Треть, Август 27, 2020: В июне 2020 г. малые и средние предприятия (МСП) привлекли 607 млрд руб. кредитов – на 35,7% больше, чем в мае, но на 10,8% меньше по сравнению с прошлогодним июнем. Об этом говорится в статистическом бюллетене Банка России по кредитованию субъектов малого и среднего предпринимательства. Читать далее...
Система Преференций Начала Работать для Инвесторов в Арктической Зоне России, Август 27, 2020: Федеральный закон о государственной поддержке предпринимательской деятельности в Арктической зоне России, предусматривающий преференции для резидентов территории, вступает в силу в пятницу. Он был подписан президентом РФ Владимиром Путиным 13 июля. Закон определяет границу Арктической зоны, куда полностью входят Мурманская область, Ненецкий автономный округ, Чукотский автономный округ, Ямало-Ненецкий автономный округ, а также ряд городов (Архангельск, Северодвинск, Норильск) и муниципалитетов. Читать далее...
"Газпром нефть" и Shell Намерены Развивать Трубопроводную Систему Салыма, Август 28, 2020: Ханты-Мансийский филиал Главгосэкспертизы России выдал положительное заключение на проектную документацию и результаты инженерных изысканий на развитие трубопроводной системы Ваделыпского и Западно-Салымского месторождений компании "Салым Петролеум Девелопмент", говорится в сообщении ведомства. 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 Russian 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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