September 2020 | ISSUE No. 289| 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.
Clif Edwards
Director of Logistics & 
Special Projects, 
Office of Commissioner 
Jack Cagle, 
Harris County Commissioner Precinct 4
Piotr Galitzine
Former Chairman and CEO,

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.
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.
Oleg Efimochkin
Vice President, 
JPMorgan Chase Bank, N.A.

To read the full bio click here.
John P. Dennis, III
Managing Partner,
WoodRock & Co.

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 current customs regulations. 

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

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

Registration deadline: noon (CST) Thursday, October 1st, 2020.
Webinar details will be provided upon registration.
John A. Moseley 
Chief Commercial Officer, 
Port Houston

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.
Matthew Borman
Deputy Assistant Secretary of Commerce,
US Department of Commerce, 
Bureau of Industry and Security

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

To read the full bio click here.
Anton Posner
Chief Executive Officer,
The Mercury Group

To read the full bio click here.
U.S.-Russia Chamber of Commerce 
participates in
SpaceCom Conference & Exposition

OCTOBER 19-29, 2020
SpaceCom Conference & Exposition is the unrivaled global space event designed for those serious about the immediate and long-term opportunities of space commercialization.

Join us for SpaceCom 2020 online providing eight days of unprecedented innovation, superior thought-leadership, and forward-thinking strategies all for FREE.
Top business leaders, investors, government agencies, engineers, scientists, and entrepreneurs unite to share strategic solutions, navigate challenges, boost intelligence, create partnerships, and collaborate as a worldwide force. 
USRCC Business Community Outreach
◾ USRCC - IRS Informational Collaboration
IRS announcement: Fourth quarter interest rates will remain the same for the calendar quarter beginning Oct. 1, 2020.
Resources for taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.​

Get information on coronavirus (COVID-19) tax relief available for individuals and families, small and large businesses, and tax-exempt organizations.

The IRS is now offering critical information in multiple languages. Select from the languages below to view the available information. 
Information about federal taxes - Russian
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 Executives Rated Among Russia’s Leading Managers of 2020, September 15, 2020: President of PJSC LUKOIL Vagit Alekperov, as well as several LUKOIL executives, made it into the annual TOP 1000 Russian Managers, a rating prepared by the Kommersant Publishing House and the Russian Managers Association. The TOP 1000 Russian Managers rating is issued annually since 2001. It sums up yearly operational results and identifies the most efficient managers in Russia. Read more...
ExxonMobil, National Math and Science Initiative Expand Education Programs to Permian-area Schools, September 17, 2020: Two core programs will come to the Permian region, including the College Readiness Program — a comprehensive, three-year program designed to increase student participation and performance in Advanced Placement® coursework in math, science, computer science and English. The second program, called Laying the Foundation, provides educators of 3rd through 12th grade students with hands-on training, strategies and resources to raise academic rigor and prepare students for advanced critical and creative thinking. Read more...
This Week in Review
Putin to Instruct Government to Appoint Gazprom as Single Gas Program Operator, September 16, 2020: President Vladimir Putin announced that he would instruct the government to deliver on the idea of appointing Gazprom as the single operator of gas supply and gasification programs, he said on Wednesday at a meeting with the head of Gazprom, Alexei Miller, TASS writes. Read more...
Russian Government to Terminate Mineral Extraction Tax Privileges, September 16, 2020: In order to increase budget revenue, the Russian government decided to cancel a number of mineral extraction tax (MET) benefits for extra-viscous oil fields and on the export duty on oil for mature fields. With the abolition of tax benefits, companies will be asked to switch to additional income tax (AIT), Finance Minister Anton Siuanov told reporters on Wednesday. Read more...
Recovery of Investment Demand in Russia not to be Quick, Optimization of Budget in 2021 Will Affect Investment Spending - Reshetnikov, September 15, 2020: Investment in fixed capital will fall 6.6% in Russia in 2020; recovery in 2021 will not be quick, among other things due to optimization of budget spending on investment, Economic Development Minister Maxim Reshetnikov said, presenting the adjusted macroeconomic forecast to the government. As reported, the Economic Development Ministry improved its forecast for investment in 2020 - minus 6.6% instead of the 10.4% forecast in June -, and expects investment growth of 3.9% in 2021, 5.3% in 2022, and 5.1% in 2023. Read more...
Russia's Novak Expects Full Global Oil Demand Recovery by Second Quarter Next Year, September 17, 2020: Russian Energy Minister Alexander Novak expects global oil demand to recover fully in the second quarter of 2021, he said on Thursday. Novak also said that the global oil demand recovery has slowed and that leading oil producers, a group known as OPEC+, should restore output gradually in line with the demand recovery so not to overheat the market. Read more...
Russia's Coronavirus Stimulus Fuels Property Boom, September 15, 2020: Government-backed mortgages designed to support the economy’s post-coronavirus recovery are fueling a boom in Russia’s property market. The number of mortgages issued in July and August was up more than 40% compared to the same period last year, Central Bank data shows, and prices for new builds have jumped significantly in a number of cities. Read more...
Houston-Tyumen Sister Cities
Unusual Behaviour of Water to Help Study Virus Spread Mechanism, September 14, 2020: Researchers at University of Tyumen (UTMN) have discovered that microdroplets levitating above the heated water surface can form structures and patterns with “forbidden” symmetry. The authors of the study believe that this phenomenon will help scientists better understand how bacteria and even viruses like SARS-CoV-2, which caused the COVID-19 pandemic, behave in aerosols. The study results were published in the Physical Chemistry Chemical Physics journal. Read more...
CIS Business News
Kazakhstan Launches 28 Projects Worth $477.6 million to Develop Industrial Potential of Country, September 15, 2020: Kazakhstan has launched 28 projects worth 204 billion tenge (US$477.6 million) through the first eight months of 2020 to begin rapidly developing and expanding the industrial sector of the country, said Minister of Industry and Infrastructural Development Beibut Atamkulov during a Sept. 15 government meeting. Read more...
Azerbaijan's Cargo Transportations via TRACECA Hit $24.2m, September 17, 2020: The volume of cargo transportation in the Azerbaijani sector of the Transport Corridor Europe-Caucasus-Asia (TRACECA) amounted to $24.2 million during the period of January-July 2020, local media reported with reference to the State Statistics Committee. According to the report, the volume of cargo transportation decreased by 18.3 percent compared to the same period of 2019. Read more...
Russia to Provide $1.5bn Loan to Belarus in Two Stages, September 17, 2020: Russia plans to provide Belarus with $1.5 billion loan in two stages, TASS quoted Russian Minister of Finance Anton Siluanov as saying. According to Anton Siluanov, $1 billion will be provided in 2020. $500 million of this amount will be issued as part of the Eurasian Fund for Stabilization and Development, and the other $500 million – as part of the interstate loan. The rest, $500 million, will be granted in 2021 as part of the interstate loan. Read more...
US-Russia Related News in Russia
◾ Новости недели
Россия в Июле Сохранила Вложения в Гособлигации США, Сентябрь 17, 2020: Россия в июле сохранила вложения в государственные ценные бумаги США на уровне прошлого месяца — в 5,87 миллиарда долларов, свидетельствуют данные американского минфина. Из общей суммы 3,178 миллиарда долларов приходится на долгосрочные бумаги и 2,7 миллиарда — на краткосрочные. РФ не входит в тридцатку крупнейших держателей американского долга. Читать далее...
Российский Госдолг Через Три Года Достигнет 21,3% ВВП, Сентябрь 16, 2020: Для поддержки экономики во время пандемического кризиса и покрытия дефицита федерального бюджета правительству России пришлось пойти на резкое увеличение госзаимствований — в результате уровень долга федерального правительства к концу 2023 года достигнет 21,3% ВВП, а расходы на его обслуживание возрастут практически вдвое, с 900 млрд руб. в 2020 году более чем до 1,6 трлн руб. в 2023 году. Читать далее...
Минэкономики Отлаживает Инвестконвейер, Сентябрь 15, 2020: Со следующего года Минэкономики готовится к массовому запуску новых инвестпроектов: всего в ведомство поступило уже около 1,6 тыс. заявок на заключение соглашений о защите и поощрении капвложений (СЗПК). Для запуска «инвестиционного конвейера» министерство планирует в этом году отработать механизм заключения СЗПК в ручном режиме, а в следующем — перевести его в электронный формат, скорректировав нормативно-правовую базу с учетом потребностей бизнеса. Читать далее...
Набиуллина Сообщила о Постепенном Восстановлении Прибыли Российских Банков, Сентябрь 18, 2020: Прибыль российских банков начала постепенно восстанавливаться после "просадки" в период пандемии COVID-19, сообщила председатель Банка России Эльвира Набиуллина на онлайн пресс-конференции по итогам заседания совета директоров регулятора. Читать далее...
Экономике РФ Прописали Этапы Пути, Сентябрь 14, 2020: Минэкономразвития РФ внесло в правительство уточненный макропрогноз, согласованный с Минфином, сообщил журналистам источник в министерстве, комментируя уточненный прогноз ведомства, который оно представило в четверг на правительственной бюджетной комиссии и который ляжет в основу бюджета. 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.

Copyright 2017. All Rights Reserved.