October 2020 | ISSUE No. 292| USRCC Business Newsletter
Chamber of Commerce
congratulates you with the Columbus Day
and wishes you
a great weekend!
◾ USRCC Activities
Friday, October 2, 2020: 4th Logistics, Transportation and Customs Conference "Projects During COVID-19: Challenges and Opportunities"
On October 2, 2020, the USRCC hosted its 4th Logistics, Transportation and Customs Conference "Projects During COVID-19: Challenges and Opportunities" in the webinar format. Over 110 registrants were engaged in this event, which covered logistics, transportation, and customs issues during COVID-19 as well as sanctions, industry response to current challenges and future outlook. 

The following speakers covered these topics and shared their experience with attendees: John A. Moseley, Chief Commercial Officer, Port Houston; Rick Shannon, Member of the Board of Directors, Atlantic Ro-Ro Carriers, Inc.; Eileen Albanese, Director of National Security and Technology Transfer Controls, Bureau of Industry and Security, U.S. Department of Commerce; Nikolai Belikov, Operations Director, "NEK" JSC; Anton Posner, Chief Executive Officer, The Mercury Group.

John Moseley provided participants with Port Houston prospective and COVID-19 impact and emphasized continuous growth of the U.S.-Russia trade. Rick Shannon shared Atlantic Ro-Ro Carriers experience of 25 years in being a leading U.S.-Russia shipping company and addressed COVID-19 related shipping challenges. Eileen Albanese updated audience on the 2020 U.S. sanctions on Russia. Nikolai Belikov made a detailed presentation about Eurasian Economic Union challenges and opportunities, and Anton Posner addressed dry bulk trade and freight related issues.

The Conference ended with a lively Q&A session moderated by U.S.-Russia Chamber of Commerce. The attendees presented questions about import and export opportunities, trade blockchain implementation, U.S. sanctions and export compliance challenges, as well as U.S.-Russia trade outlook and top trading commodities with Russia and Eurasian Union customs, compliance and trading realities.

The event received very good feedback from the attendees reflecting on the coverage of all logistics and customs questions and COVID-19 impact on transportation and high caliber of the speakers and presentations. 

"The event was very informative and provided fresh outlook on the Logistics and Transportation industry and the US-Russian Trade relations. The lineup of the speakers was excellent." Oleg Efimochkin, Vice President, Middle Market Banking, JPMorgan Chase Bank, N.A.

"Being a new member Chamber, we found the event informative on doing business in Russia. We look forward to other opportunities the Chamber has to offer.” Matthew Bailey, Senior Application Engineer, Optimized Gas Treating, Inc.

◾ USRCC Upcoming Events
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 Membership
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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 Starts Construction Works at Second Stage of Volgograd Solar Power Plant

Lukoil.com, October 5, 2020: LUKOIL entered the construction phase of the second stage of the solar power plant (SPP) project that is currently underway on the premises of LUKOIL's Volgograd Refinery. The installed capacity of the second stage will total 20 MW that will allow increasing the SPP's total capacity up to 30 MW. As in case of the first stage of the project, the generation facilities will be constructed at the territory of the refinery unused for its core operations. The launch of the second stage generation facilities is set for the end of 2021. Read more...
ExxonMobil Plans Reduction to European Staffing Levels

Exxonmobil.com, October 5, 2020: Proposed changes are subject to local information and consultation processes as applicable in each country and result from insight gained through reorganizations and work-process changes made over the past several years to improve efficiency and reduce costs. The impact of COVID-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work. Read more...
Sulzer GTC’s Senior Vice President Receives Hydrocarbon Processing Lifetime Achievement Award

Sulzer.com, October 6, 2020: The 2020 edition saw Lee Nichols, Editor-in-Chief/Associate Publisher at HP, presenting the Lifetime Achievement Award to Joseph C. Gentry for his outstanding personal contribution to the industry. With over 38 years of experience in chemical engineering, he has worked in all areas of separation technology, licensing and business development for the oil and gas sector. Mr. Gentry is one of the founders of Sulzer GTC and has been praised for his vision, experience and dedication. Read more...
This Week in Review
Elon Musk Praises Roscosmos Efforts for Reusable Rocket

Russiabusinesstoday.com, October 6, 2020: Russia’s State Space Agency Roscosmos has made the right decision to develop a reusable rocket, SpaceX founder Elon Musk said on Tuesday, TASS reported. “It’s a step in the right direction,” Musk twitted, commenting on the material released by TASS on Monday on Russia’s plans to develop the Amur methane-fueled rocket with a reusable first stage. Read more...
Belarus Resumed Supplies of Oil Products to Russia

Russiabusinesstoday.com, October 8, 2020: The Belarusian Oil Company (BNK) has resumed supplies of oil products to Russia since October 1, the company’s Deputy Director General Sergei Kamornikov said on Wednesday, TASS writes. According to him, by the end of the year, BNK sees the possibility of supplying about 50,000 tonnes of oil products to Russia every month. Kamornikov explained that the relatively small volume is explained by BNK’s long-term supply obligations to Ukraine, Poland and the Baltic countries. Read more...
Russia, US Manage to Build Up Trade Despite Pandemic — Putin

Tass.com, October 7, 2020: Russia and the United States managed to build up trade, despite the pandemic, Russian President Vladimir Putin said in an interview with Rossiya 24 TV channel. Putin noted that Moscow and Washington have yet to implement a number of "modest" joint projects - to create a business council, an expert council, and so on. Read more...
Kremlin Does Not See the Need for New Business Support Measures

Tass.com, October 7, 2020: The Kremlin sees no need for new business support measures on the back of the coronavirus pandemic because the economy is functioning now, presidential press secretary Dmitry Peskov told reporters on Wednesday. Read more...
Russia Expected to Register Second COVID-19 Vaccine on October 15: Developer

Reuters.com, October 9, 2020: Russia is expected to register a second potential vaccine against COVID-19 on Oct. 15, the vaccine’s developer said on Friday. The vaccine has been developed by Siberia’s Vector Institute, which completed early-stage human trials of the vaccine last month. Read more...
Advanced Science Against Cancer: Russian Scientists Pushing the Envelope

Sputniknews.com, October 8, 2020: According to the WHO, every fifth man and every sixth woman develop cancer. Today, it's becoming possible to treat even the most severe forms of this disease, liver cancer, stomach cancer, and brain cancer. Scientists at the National Nuclear Research University MEPhI (NRNU MEPhI) have spoken about their unique developments in this area. Read more...
Houston-Tyumen Sister Cities
The Battle of Startups Will Take Place in Tyumen at the End of October at the Infotech Forum

Ria.ru, October 5, 2020: The All-Russian selection of the best innovative business projects "Battle of Startups" will take place in Tyumen at the end of October within the framework of the Infotech forum, according to the Department of Investment Policy and State Support of Entrepreneurship of the Tyumen Region. Finalist projects will fight for victory on October 30, and on October 21-29, the forum participants will receive educational webinars and consultations with experts. Read more...
CIS Business News
Kazakhstan Seeks to Attract Nearly $12 Billion in Agribusiness Investment in Next Five Years

Astanatimes.com, October 9, 2020: Kazakhstan plans to attract nearly five trillion tenge (US$11.6 billion) of investments in agriculture in the next five years in an effort to boost export potential and saturate the domestic market, said Kazakh Agriculture Minister Saparkhan Omarov at an Oct. 6 government meeting. Read more...
Cabinet of Ministers Approves Procedure for Financing SMEs Dev't Projects

Azernews.az, October 7, 2020: The ‘Procedure for financing educational, scientific, and research projects related to the development of micro, small and medium-sized enterprises (SMEs) dated September 30, 2020, was approved by the decree of the Azerbaijani Cabinet of Ministers, the Small and Medium Business Development Agency of Azerbaijan told Trend. The agency said that this document determines the procedure for financing educational, scientific, and research projects related to the development of SMEs in the country. Read more...
Belarus Revises Power Industry Development Plan through 2025

Eng.belta.by, October 9, 2020: The government has revised the power industry development plan through 2025 taking into account the commissioning of the Belarusian nuclear power plant (BelNPP). The decision is envisaged in Council of Ministers' Decree No.582 of 6 October 2020. The document has been officially published on the National Legal Internet Portal, BelTA has learned. Read more...
US-Russia Related News in Russia
◾ Новости недели
В Нацпроекте Поддержки МСП Изменились Базовые Принципы

Kommersant.ru, Октябрь 5, 2020: Обновленный паспорт нацпроекта (НП) «Малое и среднее предпринимательство и поддержка предпринимательской инициативы» утвержден его проектным комитетом под руководством первого вице-премьера Андрея Белоусова 29 сентября. Теперь проект состоит из четырех федеральных проектов (ФП) под руководством куратора темы МСП в Минэкономики Татьяны Илюшниковой. Сама структура НП заметно изменилась: Минэкономики применяет в схеме поддержки МСП подход, аналогичный поддержке инноваций. Читать далее...
Кремль Не Увидел Необходимости в Новых Мерах Поддержки Бизнеса

Rbc.ru, Октябрь 7, 2020: В России пока нет необходимости вводить новые меры поддержки бизнеса, несмотря на распространение коронавируса. Об этом журналистам заявил пресс-секретарь президента Дмитрий Песков. Он пояснил, что помощь, о которой правительство объявило весной, была оказана на фоне остановки экономики. Читать далее...
Чистый Отток Капитала из России в Январе - Сентябре 2020 Года Вырос на 65,9%

Tass.ru, Октябрь 9, 2020: Чистый вывоз капитала из России частным сектором за январь - сентябрь 2020 года увеличился, по предварительной оценке ЦБ РФ, на 65,9% по сравнению с показателем за аналогичный период прошедшего года и составил $35,5 млрд. Об этом говорится в сообщении Банка России. По итогам девяти месяцев 2019 г. показатель находился на уровне $21,4 млрд. Читать далее...
Правительство Запускает Механизм Защиты Капиталовложений

Vedomosti.ru, Октябрь 9, 2020: Правительство запускает специальный институт соглашений о защите и поощрении капиталовложений (СЗПК), который гарантирует неизменность условий реализации инвестиционных проектов. Об этом в четверг заявил премьер-министр Михаил Мишустин в ходе заседания правительства. Читать далее...
Филиалам Иностранных Компаний Разрешат Получать Лицензии в РФ

Iz.ru, Октябрь 5, 2020: Филиалы зарубежных компаний — фармацевтических, медицинских, образовательных и так далее — планируется допустить к получению лицензий наравне с российским бизнесом. Об этом говорится в законопроекте Минэкономразвития. В общей сложности под ослабление барьеров на доступ к российскому рынку могут подпасть сразу 52 вида деятельности. В Минэке ожидают от новых правил притока зарубежных компаний. 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 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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