October 2020 | ISSUE No. 293| USRCC Business Newsletter
◾ USRCC Activities
Tuesday, October 13, 2020: Global Conversation with Sister Cities International
On October 13, 2020, the USRCC was engaged in Global Conversation with Sister Cities International - “Enlivening U.S. – Russia Engagement through the Sister Cities Network.” The Conversation was moderated by Bill Boerum, Chairman Emeritus of Sister Cities International and SCI’s Country Representative for Russia. Russian Ambassador to the United States Honorable Anatoly I. Antonov was the keynote speaker of the Conversation.

Over 30 representatives of the leadership team of Sister Cities International across the U.S. were invited to the Conversation, as well as over 60 U.S. partners of Russian cities, and a broader audience who are part of the newly initiated “Global Conversation” program. 

The USRCC provided with an overview of U.S.-Russia Chamber of Commerce and current status of the U.S.-Russia trade, as well as provided successful examples of the U.S.-Russia Sister Cities cooperation in the international trade, energy, technology, healthcare and education. The USRCC works in close cooperation with the Sister Cities partnership and manages the sister city relationship between Houston and Tyumen, Russia. The attendees were provided with the summary of Houston-Tyumen Sister Cities areas of cooperation and successful Sister Cities activities organized by the USRCC.

The Conversation was followed by lively Q&A session, where the attendees had the opportunity to discuss enlarging and enlivening the Sister Cities partnership network between the U.S. and Russia.  
◾ 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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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
Mercury Resources LLC Expanded into The Mercury Group

Mercuryresources.com, October 13, 2020: In August 2020, Mercury Resources LLC expanded into The Mercury Group, and incorporated trucking and over the road freight services to its suite of client products.
The Mercury Group has combined forces with Brian Kostef and major national asset-based trucking company Beemac Inc. to bring its clients state of the art, end-to-end transportation and logistics services. 
Mr. Kostef takes the helm as Managing Director of the new joint-venture - Mercury Transportation Solutions LLC (MTS). Mr. Kostef is bringing over 25 years of experience to MTS. Read more...
Lukoil to Continue Investment Projects in The Nizhny Novgorod Region

Lukoil.com, October 14, 2020: President of LUKOIL Vagit Alekperov and the Governor of Nizhny Novgorod region Gleb Nikitin had a meeting in Moscow today. They discussed current progress on the ongoing projects and prospects for the future development of cooperation between the company and the region. Read more...
Sulzer’s Processing Technology Enables Green Tire and Rubber Production

Sulzer.com, October 13, 2020: Sulzer has delivered a customized mass transfer solution to PT Enerco RPO Internasional’s grassroots plant for the production of treated distillate aromatic extract (TDAE) in Batam, Indonesia. The facility features the world’s largest agitated extraction column type KuhniTM (ECR), which has been designed and built by Sulzer. This piece of equipment plays a crucial role in the manufacture of eco-friendly rubber process oils (RPOs) for the tire and rubber sectors. Read more...
◾ USRCC Business Community Outreach
◾ USRCC - IRS Informational Collaboration
Please register for the Webinar "Foreign Tax Credit Common Issues" here
This Week in Review
Putin to Discuss Investment Development of Russia with Cabinet on Wednesday

Tass.com, October 13, 2020: Russian President Vladimir Putin will hold an ordinary meeting with Cabinet ministers, where achievement of investment development indicators will be discussed in particular, the Kremlin’s press service says on Tuesday. Minister of Economic Development Maxim Reshetnikov will present a report. Other current issues will also be discussed, the Kremlin says. Read more...
Basaltic Porphyry Deposit Is Discovered in Nenets Region

Russiabusinesstoday.com, October 11, 2020: A deposit of basaltic porphyry, which may be used in construction, was discovered in the Nenets Region, the regional administration’s press service said on Thursday, TASS writes. The Vostochnotointinsky deposit of basaltic porphyry is in the region’s north-east. Its industrial resources are estimated at about 3.5 million cubic meters. Read more...
One American, Two Russians Blast Off to International Space Station

Reuters.com, October 14, 2020: A Russian Soyuz spacecraft carrying a U.S. astronaut and two Russian cosmonauts successfully reached the International Space Station after blasting off from the Baikonur cosmodrome in Kazakhstan on Wednesday, live footage broadcast by Russia’s space agency Roscosmos showed. Read more...
Russia’s Budget Deficit Reaches $23.06 bln in in January-September

Tass.com, October 13, 2020: The deficit of the Russian federal budget in January - September, according to preliminary estimates, increased to 1.778 trillion rubles ($23.06 bln), the Ministry of Finance said on Tuesday. Russia’s budget deficit in January - August 2020 amounted to 1.69 trillion rubles ($21.92 bln). Read more...
Russia Approves Second Covid-19 Vaccine — Before Phase-III Trials Even Start

Forbes.com, October 14, 2020: Russia has granted regulatory approval to a second Covid-19 vaccine—even though the drug has yet to begin large scale Phase-III trials—two months after it greenlit another vaccine that experts expressed caution over due to lack of adequate safety and efficacy data. Read more...
RPT-Small Trading Firms Gain Rosneft Oil Product Exports After Sanctions

Reuters.com, October 13, 2020: Rosneft has sold more than a third of its seaborne oil product exports to small trading firms so far in 2020, shipping data and Reuters calculations show, in a shift from the Russian state oil giant’s strategy of sales to top trading houses and oil majors. Read more...
Houston-Tyumen Sister Cities
Program to boost Russian & UK Uni Links

Thepienews.com, October 14, 2020: The British Council has announced a new program to strengthen links between universities in Russia and the UK, and to facilitate joint science research projects. The organisation says that the aim of the program is to connect the next generation of science leaders by creating partnership and professional development opportunities. As part of the new alliance, Bangor University in Wales and University of Highlands and Islands in Scotland will work with two Siberian universities – Tyumen University and Nizhnevartovsk State University.  Read more...
CIS Business News
Kazakh Economy Showed Hopeful Signs of Revival in September, Says Economy Minister

Astanatimes.com, October 13, 2020: Minister of National Economy Ruslan Dalenov reported on the socio-economic situation during the first nine months of 2020 in an Oct. 13 government meeting. The economy revived in September as development trends for many industries reversed and went in a positive direction. Read more...
Azerbaijan Boosts Non-oil Sector by 10.8 pct in Jan-Sep

Azernews.az, October 16, 2020: The volume of production in Azerbaijan’s non-oil and gas sector increased 10.8 percent during the period between January and September in 2020, the State Statistics Committee has reported. During the reporting period. industrial enterprises and individual entrepreneurs working in this field produced industrial products for AZN 27.8 billion, which is by 4.5 percent less than in the corresponding period of 2019. Read more...
BelNPP First Power Unit 98% Ready

Eng.belta.by, October 16, 2020: The first power generating unit of the Belarusian nuclear power plant (BelNPP) is 98% ready, Belarus' Energy Minister Viktor Karankevich told the media at the E-Mobility 2020 Forum on 16 October, BelTA has learned. Construction and installation works on the second power unit of the plant are 75% complete. Individual testing of the basic technological equipment is underway. Read more...
US-Russia Related News in Russia
◾ Новости недели
Минфин Подготовил Поправки о Фиксированном Налоге для Владельцев Иностранных Компаний

Kommersant.ru, Октябрь 15, 2020: Минфин отправил правительству поправки, описывающие детали нового налогового режима для владельцев контролируемых иностранных компаний (КИК). Ранее сообщалось о том, что это будет фиксированный налог в 5 млн руб., в поправках же речь идет о сумме прибыли КИК, с которой будет исчисляться этот платеж — 38,5 млн руб. в 2020 году и 34 млн руб.— в 2021 году. Читать далее...
Минфин Отчитался о Покупке Акций «Аэрофлота» на ₽40,9 млрд из Средств ФНБ

Rbc.ru, Октябрь 15, 2020: За счет выделенных из Фонда национального благосостояния (ФНБ) средств Минфин приобрел более 682 млн дополнительно выпущенных акций компании «Аэрофлот». В сообщении ведомства, поступившем в РБК, говорится, что общая стоимость бумаг, купленных по 60 руб. за штуку, составила свыше 40,9 млрд руб. Читать далее...
Госдума Приняла Закон о Допуске ТПП в Регионах к Системе Поддержки МСП

Tass.ru, Октябрь 13, 2020: Госдума приняла во вторник в третьем, окончательном чтении законопроект, который призван допустить территориальные торгово-промышленные палаты (ТПП) к программам поддержки малого и среднего предпринимательства (МСП). Читать далее...
Малый и Средний Бизнес Получил 1 трлн Рублей Льготных Кредитов

Vedomosti.ru, Октябрь 13, 2020: С апреля, когда в стране был принят комплекс мер государственной поддержки бизнеса в связи с коронакризисом, ее объем для малых и средних предприятий (МСП) уже превысил 1 трлн руб., подсчитало Минэкономразвития (МЭР). Всего по итогам семи месяцев 2020 г. малому и среднему бизнесу (МСБ) было выдано 3,9 трлн руб., в том числе в виде льготных кредитов – 1 трлн. Читать далее...
В РФ Ускорят Внедрение Международных Стандартов

Finmarket.ru, Октябрь 16, 2020: России нужно переходить к модели ускоренного внедрения действующих международных стандартов путем их прямого применения, считает глава Росстандарта Алексей Абрамов. Об этом он заявил на коллегии ведомства, которая состоялась в рамках форума "Российская неделя стандартизации", приуроченного к 95-летию Росстандарта, пишет "Российская газета". 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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