January 2021 | ISSUE No. 307| USRCC Business Newsletter
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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!
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LUKOIL and Gazprom Discuss Progress in Joint Venture Founding
Lukoil.com, January 22, 2020: President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller have held a working meeting in Saint Petersburg today. The parties discussed current issues of cooperation between the two companies. Special attention was given to the project of developing the Vaneyvisskoye and Layavozhskoye fields and, in particular, to the progress in creating a joint venture to implement the project. Read more...
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Zvezda Shipyard Commences Construction of the Third MR-Type Product Carrier Tanker
Rosneft.com, January 15, 2020: The Zvezda Shipbuilding Complex has commenced the construction of the third MR-type product carrier tanker fuelled with gas. Cutting of the first hull details for the coming vessel started in hull production block using the new advanced plasma gas unit installed as part of the expansion of existing capacity of the shipyard’s main shop. Read more...
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SPDC Completes Sale of Interest in Oil Mining Lease 17 in Nigeria
Shell.com, January 15, 2020: The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m. A total of $453m was paid at completion with the balance to be paid over an agreed period. Read more...
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EuroChem, SUEK Set up Transport Co with 50,000 Railcars, 6 Ports
1prime.biz, January 18, 2021: Russian fertilizer producer EuroChem and Siberian Coal Energy Company (SUEK) are establishing a joint transport company and ceding more than 50,000 cargo railcars and six sea ports under its control, a representative of SUEK told PRIME on Monday. The company is to become one of the largest of Russian Railways' clients with a 115 million tonne per year cargo base. Read more...
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Russia Plans to Produce COVID-19 Vaccine Storable at Fridge Temperatures - Minister
Reuters.com, January 21, 2021: Russia plans to produce a form of its Sputnik V coronavirus vaccine that can be transported and stored at normal fridge temperatures as opposed to -18 Celsius, Health Minister Mikhail Murashko said on Thursday. Such a move could help Russia in the global vaccine race by making it cheaper to store and transport Sputnik V, easing the logistical challenges posed by needing a colder supply chain and making it easier for developing nations to handle. Read more...
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Russia’s 2020 Budget Executed with Deficit of 3.8% of GDP
Tass.com, January 21, 2021: Russia’s federal budget for 2020 was executed with a deficit of 3.8% of GDP, or 4.1 trillion rubles ($55.7 bln), Finance Minister Anton Siluanov told reporters. According to data published on the website of the Finance Ministry, budget revenues amounted to 18.72 trillion rubles ($254 bln), or 90.9% of the total amount of approved revenues. Read more...
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LNG Transshipment Complex to be Built in Jan 2023 in Kamchatka Subject to Completion of Dredging in Q1 2022 - Plan
Interfax.com, January 22, 2021: An offshore transshipment complex for liquefied natural gas (LNG), including federal property with a ship access channel and maritime navigation safety facilities, is set to be built in the Kamchatka territory in January 2023, according to the plan to implement the National Program for Socio-Economic Development of the Far East for the period until 2024 and until 2035, and Russia's Deputy Prime Minister Yuri Trutnev has agreed to the plan's implementation. Read more...
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Russia Sees Lowest Foreign Investment Since 1994
Themoscowtimes.com, January 15, 2021: Russia received its lowest level of foreign investment last year since the mid-1990s, data released by the Central Bank on Tuesday showed. Net inflows of foreign direct investment (FDI) came in at just $1.4 billion in 2020, as the economic fallout from the pandemic, travel restrictions and a slump in global energy prices heaped pressure on the world economy and darkened prospects for Russia’s crucial commodity industries. Read more...
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Russia Continues Ditching US Treasuries as Part of State de-Dollarization Policy
Russiabusinesstoday.com, January 20, 2021: The Russian central bank has continued getting rid of US Treasury bonds, with the share of investments in American debt shrinking 19.2 percent in November, according to the US Treasury Department. The statistics, commonly published with a three-month lag, show the share of Russian holdings totaled a modest $4.968 billion. Investments in short-term Treasury securities amounted to $3.4 billion, while holding of long-term obligations totaled $1.568 billion. Read more...
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◾ Houston-Tyumen Sister Cities
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Tyumen Region Took Second Place Among Regions with the Best Coronavirus Policy
Tumentoday.ru, January 22, 2021: The Tyumen region took second place in the top 10 Russian regions with the most effective policies to combat COVID-19. The authors of the rating highly appreciated the work of the Tyumen authorities in the framework of the high alert regime, as well as regular coverage of the current epidemiological situation in the official Telegram channel "Operational Headquarters Tyumen". Read more...
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Fitch Remains Optimistic, Forecasts Kazakhstan’s Budget Deficit to Narrow in 2021
Astanatimes.com, January 21, 2021: Kazakhstan’s fiscal deficit is expected to narrow to 2.1 percent of the country’s gross domestic product from the current 6.4 percent, said Fitch Rating analysts in their latest report devoted to the recent parliamentary elections in Kazakhstan. The forecast along with a balanced budget, they explained, is due to the “tapering down of pandemic-response measures and a rebound in revenue.” Read more...
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Investments in Azerbaijan’s Oil, Gas Sector Up in 2020
Azernews.az, January 22, 2021: The volume of investments in Azerbaijan's oil and gas sector increased by 0.3 percent in 2020, the State Statistics Committee has reported. However, investments in the non-oil and gas sector in the country decreased by 12.3 percent during the reported period. Read more...
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Belarusian Economy Ministry Talks About ‘projects of the future' with Massive Investments
Eng.belta.by, January 19, 2021: The Economy Ministry intends to implement five “projects of the future” by 2025, with their investments close to Br2 billion. Belarusian Economy Minister Aleksandr Chervyakov made the statement during a presentation of the main directions of Belarus' social and economic development program for the 2021-2025 period on 19 January, BelTA has learned. Read more...
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◾ US-Russia Related News in Russia
◾ Новости недели
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S&P Спрогнозировало Умеренные Санкции США Против России при Байдене
Rbc.ru, Январь 16, 2021: При новой администрации демократа Джо Байдена против России могут быть введены только умеренные новые санкции, следует из базового сценария прогноза международного рейтингового агентства S&P. С конца 2019 года американские законодатели предложили ряд законопроектов, предполагающих возможность дополнительных санкций в отношении государственного долга России, финансовых институтов и энергетических проектов, указали аналитики. Читать далее...
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Поставки Газа по «Северному потоку» в 2020 Году Выросли до 59,2 млрд куб. м
Vedomosti.ru, Январь 22, 2021: Поставки природного газа по газопроводу «Северный поток» в 2020 г. достигли максимума с начала запуска проекта и составили 59,2 млрд куб. м, сообщает оператор трубопровода Nord Stream. «Загрузка газопровода в 2020 году была выше показателя предыдущих лет, таким образом годовой объем транспортировки газа достиг исторически самого высокого уровня с начала эксплуатации», — говорится в сообщении. Читать далее...
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В ТПП России Предложили Создать Единый Реестр Лицензий и Разрешений для Бизнеса
Tass.ru, Январь 22, 2021: Торгово-промышленная палата (ТПП) России считает необходимым создать единый реестр разрешений и лицензий для бизнеса в рамках "регуляторной гильотины", сообщил в пятницу ТАСС директор департамента законотворческой деятельности ТПП Дмитрий Фадеев. Ранее в январе вице-премьер РФ Дмитрий Григоренко предложил президенту Владимиру Путину распространить принципы "регуляторной гильотины" на существующую в стране систему выдачи лицензий и разрешений для бизнеса. Читать далее...
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Россия Начнет Выпускать «Зеленый» Водород
Kommersant.ru, Январь 22, 2021: «Роснано» и «Энел Россия» (56,43% у итальянской Enel) намерены заняться совместным производством «зеленого» водорода в России (производится электролизом воды при помощи энергии, полученной из возобновляемых источников), следует из презентации «Роснано», опубликованной Telegram-каналом «Советбезрынка» (источники “Ъ” подтвердили подлинность). Именно «зеленый» водород, считающийся наиболее экологичным, получил приоритет в масштабной программе ЕС по переходу на это топливо. Читать далее...
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Внешний Долг РФ в 2020 Году Снизился на $21,3 млрд
Interfax.ru, Январь 21, 2020: Внешний долг РФ в 2020 году уменьшился на $21,3 млрд, или на 4,3% – до $470,1 млрд с $491,4 млрд, сообщается в информации, размещенной на сайте ЦБ РФ. Как отмечается в комментарии ЦБ РФ, снижение долговых обязательств перед нерезидентами наблюдалось по всем секторам экономики, при этом наиболее заметным стало уменьшение иностранной задолженности прочих секторов по привлеченным кредитам. Читать далее...
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Вложения Иностранцев в Российские Компании Упали Более чем в 20 Раз
Rbc.ru, Январь 19, 2021: Общий объем новых прямых иностранных инвестиций в российские нефинансовые компании по итогам 2020 года составил $1,4 млрд, что более чем в 20 раз меньше показателя 2019 года ($28,9 млрд), следует из данных Банка России по платежному балансу. В материалах ЦБ отмечается, что в первом и четвертом кварталах 2020 года наблюдался отток средств инвесторов, составивший $4,1 млрд и $0,9 млрд соответственно. Потери были компенсированы во втором—третьем кварталах ($5,9 млрд и $0,5 млрд), однако итоговый результат оказался наименьшим в XXI веке. Читать далее...
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GET INVOLVED
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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.
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To learn more about the position
call 713.429.4680
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U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive
Suite 133
Houston, TX 77042
713-429-4680
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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.
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.
Copyright 2017. All Rights Reserved.
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