October 2020 | ISSUE No. 295| USRCC Business Newsletter
◾ USRCC Upcoming Events

Energy industry is facing multiple challenges from energy demand to decarbonization and the lowering of the investment interest. What energy companies are facing due to low energy prices and COVID-19? What are their strategies to prepare for the future? What steps governments are taking to support energy industry? C-level energy executives and government officials will address these and other current questions in a moderated webinar panel format.
Tuesday, November 17th, 2020 | 8:00 am– 10:00 am CST
Members – complimentary Non-members - $35
Simultaneous translation into Russian language is included.

Registration deadline: noon (CST) Monday, November 16th, 2020.
Webinar details will be provided upon registration.
Refunds will not be issued after November 13th, 2020.
Mark Gyetvay

CFO & Deputy Chairman
of the Management Board,

To read the full bio click here.
Cederic Cremers

Executive Vice President and Country Chair Russia, Shell
Sandy Esslemont

and Chief Executive Officer,
Parker Drilling

To read the full bio click here.
USRCC's Bilateral Trade Report
The U.S.-Russia
Bilateral Trade Report
is available here.
The Report includes statistics by years and states according to the United States Census Bureau for the years 2010-2019, as well as of exports and imports to Russia according to the United States Census Bureau for the January 2020-March 2020.
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
Igor Sechin Makes Welcoming Address at CERAWeek International Conference of Energy Industry Leaders

Rosneft.com, October 26, 2020: Rosneft CEO Igor Sechin made an online welcoming address at the 39th annual CERAWeek Energy Industry Leaders Conference. During his address, Igor Sechin praised the level of the longstanding partnership between Rosneft and Indian companies. Rosneft has been actively promoting the integrated format for cooperation with Indian partners along the whole processing chain, from extraction to refining and oil product sales. Read more...
Russian Enterprises Expanding Capabilities for Manufacturing of Offshore Production Equipment

Gazprom.com, October 28, 2020: The Gazprom Board of Directors took note of the information on expanding the agreement of cooperation in import substitution of equipment, components, and spare parts for subsea production complexes, entered into by the Ministry of Industry and Trade of the Russian Federation and Gazprom in order to ensure the preferential use of domestic equipment in the projects for the pre-development of the Kirinskoye and Yuzhno-Kirinskoye gas and condensate fields. Read more...
Sulzer Expands its Tower Field Services Capabilities with a New Facility

Sulzer.com, October 27, 2020: Sulzer Chemtech is expanding its Tower Field Services (TFS) capabilities by moving into a new state-of-the-art facility on Tees Advanced Manufacturing Park (TeesAMP), Middlesbrough, U.K. This will enable the company to strengthen its repair, maintenance and corrosion protection services for processing equipment, columns, vessels and power plant boilers to meet growing market demand throughout Europe, Russia and Africa (ERA). Read more...
This Week in Review
Decline of Russia’s GDP may be below 4% by year end - PM

Tass.com, October 26, 2020: The decline in Russia's GDP by the end of the year may be less than 4%, Russian Prime Minister Mikhail Mishustin said on Monday. "We expect that the GDP decline will be about 4% for the year. There are various estimates, but we are fighting for less than 4%," he said. Read more...
Putin Says Russia not to Launch Nationwide Lockdown

1prime.biz, October 29, 2020: Russia does not plan to launch a nationwide lockdown because of the spread of the coronavirus disease, and the government understands clearly what to do, President Vladimir Putin said on Thursday at the Russia Calling! investment forum organized by VTB Capital.The anti-coronavirus measures introduced by some cities and municipalities are reasonable to protect people, but there are no shutdowns of business operations, Putin also said. Read more...
Equipment for Making COVID-19 Vaccines is Problem, Says Russian President

Russiabusinesstoday.com, October 29, 2020: President Vladimir Putin said on Thursday that Russia was facing challenges scaling up production of its main COVID-19 vaccine due to problems with equipment availability, but hoped to start mass vaccinations by the end of the year, according to Reuters. Russia is currently testing its main experimental vaccine, known as Sputnik V, on 40,000 people in Moscow and outside of the trial has already begun vaccinating frontline workers, but only in small numbers. Read more...
US Slaps Sanctions Against Russia’s Chemistry, Mechanics Institute

1prime.biz, October 26, 2020: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on October 23 designated Russian government research institution Central Scientific Research Institute of Chemistry and Mechanics (TsNIIKhM) pursuant to the Countering America’s Adversaries Through Sanctions Act (CAATSA) for its alleged connection to the destructive Triton malware. Read more...
Russian Scientists Discover How to Reduce Weight of Metal Structures

Sputniknews.com, October 27, 2020: As part of a research team, scientists at Moscow's National University of Science and Technology MISiS (NUST MISiS) have found a way to make metal structures lighter. This has become possible with new strong material and its welding properties. The research results were published in the Journal of Materials Processing Technology. Read more...
As Russia Eases Its Border Restrictions, Who Is Able to Enter?

Themoscowtimes.com, October 29, 2020: Russia has gradually moved to re-open its borders after grounding nearly all international flights this spring due to the coronavirus pandemic. Despite this, most foreigners are still not able to enter Russia, while foreign travel options for Russians also remain scarce. Read more...
Houston-Tyumen Sister Cities
Scientists: Average annual temperature in the Arctic has gone up almost 3 degrees since 1970

Arctic.ru, October 23, 2020: Experts from Tyumen State University have published the results of their geocryologic conditions monitoring carried out in the western sector of the Russian Arctic. The research was carried out in the typical and southern tundra, forest-tundra, and northern taiga. Experts noted that, along with an increase in average annual temperatures, the annual amount of precipitation had also risen by 5–10 percent. Scientists also recorded permafrost degradation in all the climatic zones, except the typical tundra. Read more...
CIS Business News
Kazakh Prime Minister, US Officials and Companies Discuss Further Cooperation at Kazakh-American Business Council

Astanatimes.com, October 27, 2020: The direct investments from the United States to Kazakhstan exceeded $53 billion or 15 percent of the total amount of attracted foreign capital since 1991, reported Kazakh Prime Minister Askar Mamin at the Oct. 26 online Kazakh-American Business Council at the US Chamber of Commerce. The United States is one of the largest economic, trade and investment partners of Kazakhstan. The Kazakh government intends to attract more US companies to the country. Read more...
State Oil Fund's Revenues Hit $3.6bn

Azernews.az, October 29, 2020: The revenues of the State Oil Fund of Azerbaijan in connection with the profitable oil and gas agreements amounted to AZN 6.2 billion ($3.6bn) during the period of January-September 2020, the fund has reported. The Fund’s revenues from profitable oil and gas sales amounted to AZN 5.4 billion ($3.1bn) during the reporting period. Read more...
Belarus, Russia to sign food trade projections for 2021 in December

Eng.belta.by, October 29, 2020: Belarus and Russia intend to sign food trade projections for the next year in December, the press service of the Belarusian Agriculture and Food Ministry told BelTA after Belarusian Agriculture and Food Minister Ivan Krupko met with Russian Agriculture Minister Dmitry Patrushev via a videoconference. Read more...
US-Russia Related News in Russia
◾ Новости недели
Восстановление Инвестактивности под Вопросом

Kommersant.ru, Октябрь 26, 2020: По оценкам предложения инвестиционных товаров в российской экономике в августе—сентябре 2020 года восстановление инвестактивности остановилось, сообщают в ЦМАКП. С поправкой на сезонность объем предложения инвесттоваров в сентябре не менялся, а в годовом выражении снизился на 4,2%. Следующая из этого оценка объема капвложений свидетельствует об их сокращении на 2,2% в годовом выражении после снижения на 1,6% в августе. Читать далее...
Малый и Средний Бизнес Получат Новые Отсрочки по Налогам

Iz.ru, Октябрь 29, 2020: Малый и средний бизнес получит новые отсрочки по налогам. Послабление планируют продлить до 1 апреля 2021 года. «Каникулы» предусмотрят для заведений общепита, организаторов выставок, компаний по оказанию услуг. Список отраслей, которым окажут помощь, может расшириться. Поддержку получат наиболее пострадавшие в период весеннего карантина из-за коронавируса компании. Читать далее...
Титов Предложил Ввести Налоговую Амнистию для Пострадавших от Пандемии МСП

Tass.ru, Октябрь 29, 2020: Уполномоченный при президенте РФ по защите прав предпринимателей Борис Титов предложил ввести налоговую амнистию для пострадавших из-за ситуации с пандемией коронавируса субъектов малого и среднего предпринимательства (МСП). Об этом он сообщил в четверг журналистам. Читать далее...
Мишустин Заявил о Выделении Регионам Дополнительно 300 млрд Рублей

Vedomosti.ru, Октябрь 30, 2020: Правительство решило выделить регионам дополнительно 300 млрд руб. на достижение национальных целей, 200 млрд руб. из них уже распределены между 75 субъектами, сообщил премьер-министр России Михаил Мишустин в ходе совещания с руководителями рабочих групп Госсовета.По его словам, для достижения национальных целей ежегодно в бюджете предусмотрено более 12 трлн руб. Читать далее...
Счетная Палата Впервые Составила Собственный Прогноз по Экономике России

Rbc.ru, Октябрь 28, 2020: После критики официального прогноза правительства за излишний оптимизм Счетная палата представила свою оценку развития российской экономики до 2023 года на фоне пандемии COVID-19. Государственные аудиторы впервые за историю существования Счетной палаты опубликовали сценарный прогноз основных показателей социально-экономического развития России, который оказался пессимистичнее оценок Минэкономразвития. 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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