December 2020 | ISSUE No. 300| USRCC Business Newsletter
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.
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Member's News
ExxonMobil to Prioritize Capital Investments on High-value Assets

Exxonmobil.com, November 30, 2020: ExxonMobil has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products. Read more...
Power of Siberia’s First Year: Reliable Operation, Increased Supplies, Above-target Amounts

Gazprom.com, December 2, 2020: December 2 marks a year since the start of first-ever pipeline supplies of Russian gas to China – via the Power of Siberia gas trunkline from the Chayandinskoye field. At present, Gazprom keeps ramping up its gas exports to China via Power of Siberia. For a second consecutive month, gas is being supplied in excess of the planned amounts as requested by the Chinese party. Read more...
LUKOIL’s Interactive Oil Pavilion Receives International Award

Lukoil.com, December 4, 2020: LUKOIL was announced winner of the ICCO Global Awards contest, one of the most prestigious international public relations events. The company received the award for the best project in the Broadcast category as a recognition of its efforts to promote the opening and day-to-day work of the interactive Oil Pavilion at Moscow's VDNKh. The pavilion is devoted to the past, present and future of Russian oil industry. A jury of international experts from 15 countries recognized innovative character and efficiency of media projects publicizing the permanent exhibition of the pavilion. Read more...
This Week in Review
Government Approves List of Technologies for Special Investment Contracts

1prime.biz, December 4, 2020: The Russian government has approved a list of modern technologies for special investment contracts companies will sign with the state, the government said in a statement on Friday. “Prime Minister Mikhail Mishustin has approved a list of modern technologies, on the basis of which special investment contracts will be signed. The decision will ensure the launch of a new mechanism of the producing economy development,” the statement read. Read more...
Global Demand for Petrochemical Products to Grow by 4%: Vladimir Putin

Russiabusinesstoday.com, December 2, 2020: Global demand for petrochemical products is expected to grow by about 4% annually, while the demand for oil will grow only by 1%, Russian President Vladimir Putin This announced on Tuesday, TASS reported. He was speaking at a meeting for the strategic development of the petrochemical industry. Read more...
US Presidential Election, COVID Vaccine Positively Impact Oil Market - Russian Deputy PM

Tass.com, December 3, 2020: Certainty with the results of the US presidential election and the creation of vaccines against coronavirus have a positive impact on the oil market. Nevertheless, there are still uncertainties: restrictive measures due to COVID-19 and a decrease in oil demand in winter, Russian Deputy Prime Minister Alexander Novak said in his welcoming speech at the OPEC+ ministerial meeting. Read more...
Gazprom Neft, Shell to Cooperate on Reducing Greenhouse Gas Emissions, Improving Air Transport Safety

Interfax.com, December 2, 2020: Gazprom Neft and Shell have agreed to expand cooperation in the areas of reducing greenhouse gas emissions and interacting in ensuring the safety of air transport, the Russian oil company said in a statement. Gazprom Neft Deputy CEO for Exploration and Production Vadim Yakovlev and Shell Country Chair Russia Cederic Cremers have signed two respective memorandums of intent. Read more...
Mass Vaccination Can Start Soon as Sputnik V Production is Growing to 2Mln Doses

Sputniknews.com, December 4, 2020: Russian authorities have announced that the production of Sputnik V is growing ahead of the launch of a vaccination campaign. Russian President Vladimir Putin has asked the government to launch mass vaccination against the coronavirus next week. Moscow Mayor Sergei Sobyanin has announced that vaccination stations will open in Moscow on Saturday. Medical personnel, social service workers, and teachers will be the first to have access to the vaccine. Read more...
Houston-Tyumen Sister Cities
Ambassador Stresses Role of Sister City Relations for Mending Russia-US Ties

Tass.com, November 30, 2020: The development of contacts between Russian and American people, including at the level of cities and regions, is a major task that can have its role in making better relations between the two countries, Russian Ambassador to the US Anatoly Antonov said in an article published by the San Francisco Examiner newspaper on Sunday. Read more...
Cooperation Agreement Was Signed by the Government of the Tyumen Region and Gazprom Nedra LLC

News.megatyumen.ru, December 3, 2020: On December 3, in Tyumen, a cooperation agreement was signed between the Government of the Tyumen Region and Gazprom Nedra LLC. The document was signed by the Governor of the Tyumen Region Alexander Moor and the General Director of Gazprom Nedra Vsevolod Cherepanov. Read more...
CIS Business News
Azerbaijan's Exports Hit $12.2bn in 2020

Azernews.az, December 3, 2020: The volume of Azerbaijan’s export amounted to $12.2 billion, including $1.4 billion in the non-oil sector, during the first ten months of 2020, the Center for Economic Reforms Analysis and Communication of Azerbaijan reported in its “Export Review” for November. During the period of January-October, non-oil goods worth $550.6 million were exported to Russia, $285.5 million to Turkey, $176 million to Switzerland, $109.1 million to Georgia and $34.7 million to China. Read more...
Belarus' Government Devises Approaches to Revitalize Struggling State-owned Companies

Eng.belta.by, December 2, 2020: The government has devised approaches to revitalize struggling state-owned companies, Belarusian Prime Minister Roman Golovchenko said at the House of Representatives' meeting as he spoke with the MPs about the government's program through 2025 on 2 December, BelTA has learned. Read more...
US-Russia Related News in Russia
◾ Новости недели
Минюст Предложил Ввести Статус Иноагента для Коммерческих Организаций

Interfax.ru, Декабрь 3, 2020: Министерство юстиции РФ предлагает применять статус "иностранный агент" не только к некоммерческим организациям (НКО), но и к коммерческим, в том числе к обществам с ограниченной ответственностью. Cейчас закон рассматривает получение иностранного финансирования как главный критерий иностранного агента. Читать далее...
«Роснефть» Нашла Новый Газ на Шельфе

Kommersant.ru, Декабрь 3, 2020: «Роснефть» открыла два газовых месторождения после бурения двух скважин в Карском море на Восточно-Приновоземельских участках — 1, 2, которые хотела разрабатывать вместе с американской ExxonMobil. Предварительно запасы оцениваются в 1,3 трлн кубометров, но на баланс они пока не поставлены. В 2014 году СП «Роснефти» и Exxon пробурило единственную скважину на Восточно-Приновоземельском участке-1, открыв месторождение Победа. Пока российские компании не смогли разработать ни одного газового месторождения на шельфе Арктики. Читать далее...
Чубайс Назначен Спецпредставителем Президента по Связям с Международными Организациями

Tass.ru, Декабрь 4, 2020: Президент России Владимир Путин назначил Анатолия Чубайса своим специальным представителем по связям с международными организациями для достижения целей устойчивого развития, сообщили в пятницу в пресс-службе Кремля. Чубайс в новой должности спецпредставителя президента не будет являться госслужащим и не войдет в штат сотрудников его администрации, пояснил пресс-секретарь главы государства Дмитрий Песков. Читать далее...
Новак Допустил Увеличение Россией Добычи Нефти на 125 тыс. б/с с Января

Iz.ru, Декабрь 3, 2020: Россия может увеличить добычу нефти на 125 тыс. б/с с января 2021 года, согласно новой квоте ОПЕК+, компании уже подтвердили готовность это сделать. Об этом в четверг, 3 декабря, заявил вице-премьер России Александр Новак по итогам заседания стран — участниц объединения. По его словам, РФ с мая исполняет сделку ОПЕК+ близко к 100%, в ноябре сохранялся примерно такой же уровень. Читать далее...
Мораторий на Проверки Малого Бизнеса Продлили до Конца 2021 года

Rbc.ru, Ноябрь 30, 2020: Правительство до конца 2021 года продлило мораторий на плановые проверки малого бизнеса. Об этом сообщил премьер-министр России Михаил Мишустин на совещании с заместителями, передает сайт кабмина. По словам Мишустина, именно этот сектор наиболее пострадал от распространения коронавирусной инфекции. Читать далее...
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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.  
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