January 2021 | ISSUE No. 306| USRCC Business Newsletter
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Member's News
Sulzer to Acquire Nordic Water – a Leading Supplier of Water Treatment Technology

Sulzer.com, January 11, 2020: Sulzer AG has signed a binding agreement to acquire Nordic Water for a purchase price of SEK 1.2bn (CHF 128m). Nordic Water is a leading provider of screening, sedimentation and filtration solutions for municipal and industrial water & wastewater applications. The acquisition strengthens Sulzer’s wastewater treatment offering by complementing its equipment portfolio and provides further access to the fast-growing clean water market. Read more...
40% Discount on Base Fare for All Cabins
from/to All TK Networks 
(Excluding domestic flights in Turkey and China)

Leiza Dolghih Recognized By D Magazine as Best Lawyer Under 40 for Fourth Consecutive Year

Lewisbrisbois.com, January 14, 2020: Dallas Partner Elisaveta "Leiza" Dolghih has been recognized by D Magazine as a Best Lawyer Under 40 in Labor & Employment Law for a fourth consecutive year. This award recognizes exceptional up-and-coming attorneys in the north region of Texas. To compile its 2021 list of Best Lawyers Under 40, D Magazine sought nominations from members of the Texas Bar, allowing them to nominate up to two lawyers outside of their firm and one within their firm. Attorneys who submitted nominations must have witnessed their peer-nominees’ work firsthand and determined that the work ranked among the best. Read more...
This Week in Review
US Removes VSMPO-Avisma from List of Export Restrictions

1prime.biz, January 15, 2021: The U.S. has removed Russian titanium giant VSMPO-Avisma from the list of end military users subject to supply restrictions, the Department of Commerce reported on Friday. On December 22, the Department of Commerce presented a list of the first 58 Chinese and 45 Russian companies, including VSMPO-Avisma, that were banned from exporting U.S. technologies to the military end-users. Read more...
'Spend as Much as You Can,' IMF Head Urges Governments Worldwide

Reuters.com, January 15, 2021: Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund said on Friday at Russia’s annual Gaidar economic forum. Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made clear her desire for governments to up their spending and that a synchronised approach internationally was best for growth. Read more...
Global Oil Demand to Recover in 2021 - Russia’s Deputy PM

Tass.com, January 14, 2021: The global oil demand will recover in 2021 but risks exist as well, Russian’s Deputy Prime Minister Alexander Novak told reporters on Thursday on the sidelines of the Gaidar Forum. "Positive indicators are in place. This is particularly related to proactive vaccination of the population in many countries and certification of new vaccine. It inspires optimism that the [oil] demand will grow. We expect it will start recovering in 2021," Novak said. Read more...
Rosneft Discovers Field in Yakutia with Reserves of More than 75 bcm Gas

Interfax.com, January 12, 2021: Taas-Yuryakh Neftegazodobycha, a subsidiary of Rosneft, has discovered a new major gas-condensate field as the result of drilling an exploration well at the Nizhnedzherbinsky license section in the Sakha Republic or Yakutia, Rosneft said in a statement. As a result, more than 75 billion cubic meters of gas and 1.4 million tonnes of condensate have been put on the balance sheet of the State Reserves Commission. Read more...
The Volume of the Russian National Wealth Fund Tops $183.93bn as Gold Overtakes Dollar Asset for First Time

Intellinews.com, January 15, 2021: The volume of the Russian National Wealth Fund in December 2020 increased by RUB89bn ($1.21bn) to reach RUB13.546 trillion ($183.93bn) as of January 1, the Ministry of Finance said on January 13. At the same time, the CBR stopped buying gold in 2020, as it is now comfortable with the amount in reserves, but the share of gold in Russia’s reserves has exceeded its US dollar assets for the first time as the CBR continues to dump US T-bills and other securities. Read more...
Russians Hold $180Bln Abroad – Tax Service

Themoscowtimes.com, January 15, 2021: Russians have $180 billion of assets stashed abroad, the country’s tax service said Thursday. The assets — worth 13 trillion rubles — are held in some 700,000 financial accounts based outside Russia, which are controlled by both organizations and individuals, Dmitry Volvach, Deputy Commissioner of the Federal Tax Service (FTS) said at the Gaider Forum in Moscow. Read more...
Houston-Tyumen Sister Cities
Tyumen Again Became One of the Most Popular Tourist Destinations - in January

Vsluh.ru, January 11, 2021: Analysts of the travel service OneTwoTrip told which air and rail routes in Russia will be popular in January 2021. Tyumen was one of them. Moscow has become the most popular city for tourists who decide to travel by train. The second place in the list is again in St. Petersburg, the third - in Nizhny Novgorod. Tyumen, Kazan, Yekaterinburg, Adler, Krasnodar, Khabarovsk and Sochi were also included in the rating of the most demanded railway directions. Read more...
CIS Business News
Kazakhstan’s MOST Business Incubator Launches Venture Fund for Best Technology Startups and Innovators

Astanatimes.com, January 13, 2021: Kazakhstan’s MOST Business Incubator launched a $10 million private venture fund in late December, the company’s press service reported. The MOST Ventures Fund I plans to invest in startups from Central Asia, Central and Eastern Europe, the Caucasus, and Siberia. It is expected to organize acceleration programs in the Investment Readiness Accelerator format for early stage startups for further investments and invest in best technology startups targeting global markets at Seed and Series A stages. Read more...
SOCAR, American Petroleum Institute Mull Cooperation 

Azernews.az, January 14, 2021: State Oil Company of Azerbaijan (SOCAR) and the American Petroleum Institute (API) signed a memorandum of cooperation on safety and quality of production processes on January 13. According to the memorandum, SOCAR’s structural units, management systems of processing, production and transportation facilities will be brought in line and certified in accordance with API standards. Read more...
Belarus' Development Bank to Lend up to $1.8m to Minsk National Airport for Investment Projects

Eng.belta.by, January 15, 2021: The Belarusian government and the Development Bank of the Republic of Belarus (DBRB) have agreed to lend Minsk National Airport $1.8 million to finance investment projects. The relevant Council of Ministers' Resolution No.9 of 14 January 2021 was published on the National Legal Internet Portal on 15 January, BelTA has learned. Read more...
US-Russia Related News in Russia
◾ Новости недели
«Газпром» Сообщил о Росте Спроса на Его Газ на Российском Рынке на 14,7%
Vedomosti.ru, Январь 15, 2021: «Газпром» сообщил о росте спроса на газ компании на российском рынке. В первые две недели года он увеличился на 14,7% по сравнению с аналогичным периодом 2020 г., рост составил 2,1 млрд куб. м. Читать далее...
"Лукойл" Обновит Долгосрочную Стратегию в 2021 году
1prime.ru, Январь 12, 2021: "Лукойл" в 2021 году проведет актуализацию долгосрочной стратегии и будет развивать систему углеродного менеджмента, сообщила компания. Совет директоров "Лукойла" во вторник подвел предварительные итоги деятельности компании в 2020 году и определил задачи на 2021 год по исполнению программы стратегического развития. Читать далее...
Bank of America Допустил Повышение Налогов в России

Kommersant.ru, Январь 13, 2021: Bank of America допускает рост налогов в ресурсных секторах России и подоходного налога в перспективе двух-трех лет, заявил главный экономист банка по России и СНГ Владимир Осаковский. Однако в 2021 году господин Осаковский ожидает «передышку». Читать далее...
«Остановить Санкции»: Советник Байдена Выдвинул Предложение по «Северному Потоку-2»

Gazeta.ru, Январь 15, 2020: Американские санкции против российского «Северного потока — 2» следует остановить. Такое мнение выразил Николас Бернс, который консультировал избранного президента США Джо Байдена по внешнеполитическим вопросам во время предвыборной кампании. По его мнению, это должно произойти параллельно с остановкой строительства газопровода, чтобы можно было провести консультации с ЕС.Читать далее...
Мораторий Сократил Число Корпоративных Банкротств в России

Rbc.ru, Январь 15, 2021: Количество решений о признании российских компаний банкротами в 2020 году сократилось почти на 20%, до 9 931 (по сравнению с 12 401 в предыдущем), сообщил государственный проект «Федресурс», ведущий Единый федеральный реестр сведений о банкротстве. Главной причиной меньшего числа корпоративных банкротств в прошлом году стал правительственный мораторий на внешние банкротства, объявленный в начале апреля на фоне пандемии коронавируса. Читать далее...
Число Действующих Нефтегазовых Буровых в Мире Упало до Минимума в 2020 году

Rbc.ru, Январь 11, 2021: Среднемесячное число действующих нефтяных и газовых буровых установок в мире в 2020 году упало до минимума с момента начала ведения расчетов в 1975 году, свидетельствуют данные американской нефтесервисной компании Baker Hughes. Показатель опустился до 1352 по сравнению с 2177 в 2019 году. 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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