February 2021 | ISSUE No. 310| USRCC Business Newsletter
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Member's News
Shell Accelerates Drive for Net-zero Emissions with Customer-first Strategy

Shell.com, February 11, 2020: Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019. Read more...
Syzran Refinery Wins “Leader of Environmental Protection in Russia – 2020” Contest

Rosneft.com, February 10, 2020: The Syzran Oil Refinery, an enterprise of Rosneft Oil Company’s refining complex, has been given the most significant award of the 16th Russian Contest “Leader of Environmental Protection in Russia – 2020” in the Best Environmental Policy in Refining nomination. The victory in the prestigious contest confirms the effectiveness of environment-oriented activities of the enterprise and demonstrates public recognition of its achievements in creating safe production conditions. Read more...
USRCC's Bilateral Trade Report
The Updated 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 Announcement
The USRCC Member is seeking
business representative in Russia

Here are the key requirements:

  • The company / individual should have the industry contacts in dealing with Sulphur plants, CO2 capture and/or academics;
  • The representative should have a working knowledge of the amine industry;
  • The representative should have the understanding of how business works in the Russian region;
  • The company / individual could have represented tray vendors, solvent suppliers, other software, or Engineering, Procurement and Construction company.

For more details please contact: info@usrussiacc.org
Please indicate in subject line "Russian Representative"
This Week in Review
Clinical Trials of Sputnik V Vaccine as Nasal Drops to Begin in April - Minister Manturov

Interfax.com, February 9, 2021: Clinical trials of the Sputnik V coronavirus vaccine in the form of nasal drops are due to begin in April, Russian Industry and Trade Minister Denis Manturov said in an interview with Interfax. "At the moment, the Gamaleya Institute and the Generium company are developing an intranasal form of the vaccine, whose clinical trials are due to begin in April for launching serial production in the later period," Manturov said. Read more...
Rusal Maintains Aluminum Output in 2020 at 3.755 Million Tonnes

Tass.com, February 8, 2021: Russian aluminum giant Rusal’s production in 2020 totaled 3.755 million tonnes of aluminum, which is almost the same level compared to 2019, according to the company's operating results published on Monday on the Hong Kong Stock Exchange. The company produced 3.757 million tonnes of aluminum in 2019, which is 0.1% higher than in 2020. Read more...
Russian National Projects Soften Investment Decline in Russia in 2020

Russiabusinesstoday.com, February 10, 2021: Implementation of national projects, in particular, measures within the framework of the Comprehensive Plan of the Backbone Infrastructure, could mitigate decline in investments in Russia in 2020, according to Head of the Center for Investment Analysis and Macroeconomic Research at the Center for Strategic Research (CSR) Daniil Nametkin. Russian Minister of Economic Development Maxim Reshetnikov announced on February 9 that the decline in investment in Russia at the end of 2020 is estimated at 4.3%, which is a “good result” in current conditions. Read more...
IMF Expects Russian Economy to Speed up Recovery in mid-2021

1prime.biz, February 9, 2021: The International Monetary Fund (IMF) expects recovery of the Russian economy to speed up in the middle of 2021 due to the weakening risks connected to the COVID-19 pandemic, the fund said in a report on Russia published on Tuesday. The pandemic’s second wave will slow down, the vaccines will appear, and reduction of oil production will shrink gradually under the OPEC+ oil deal. The Russian economy was more resilient in 2020 than the economies of other emerging states, and contracted only by 3.1% in the year. Read more...
Evraz Mine Starts Mining New Coal Seam after Investing 6 bln Rubles

Interfax.com, February 8, 2021: Raspadskaya Coal Company's Uskovskaya mine has launched the first longwall of Seam 48, the company, which manages the coal assets of Evraz Group, said. The seam has in-place reserves of 167 million tonnes of GZh rank coking coal, which is expected to be "enough for 25 years of stable operations" at the mine. Read more...
Going Digital Will Boost Rouble's Global Role, Russia Says

Reuters.com, February 11, 2021: A “digital rouble” could be a tool to make the Russian currency more global, a senior finance ministry official said on Thursday. Russia’s central bank first floated the idea of the digital rouble last October, saying it could be issued on top of existing cash and non-cash roubles to facilitate payments. Read more...
Houston-Tyumen Sister Cities
University of Tyumen: University of Tyumen and Russian Academy of Sciences Participate in the Russian-Iranian Project

Indiaeducationdiary.in, February 9, 2021: Three research institutions under the Russian Academy of Sciences and the X-BIO Institute of the University of Tyumen received a three-year grant for the joint project — Ticks (Acari) of the Caspian Sea Shores: Faunogenetic Relations and Community Structure. Olga Makarova, Head of the Synecology Laboratory of the A.N. Severtsov Institute of Ecology and Evolution of the Russian Academy of Sciences, will be the project manager of the Russian division. Read more...
CIS Business News
Azerbaijan Achieves Record Growth in Excise Incomes from Non-oil Sector in 2020

Azernews.az, February 11, 2021: Azerbaijan has achieved record growth in excise incomes from the non-oil sector in 2020, Economy Minister Mikayil Jabbarov wrote on his official Twitter page on February 11. The minister stated that the transparency in the field of excisable products results in the legalization of revenues and increase of income. Read more...
Kazakhstan Commits to Fulfilling Obligations Under OPEC Agreement

Astanatimes.com, February 8, 2021: Kazakhstan expressed its commitment to adhering to full conformity and to compensating for overproduction within its commitments to the Organization of Petroleum Exporting Countries agreement, said the Kazakh Ministry of Energy in a press statement referring to the Feb. 3 meeting of the OPEC Joint Ministerial Monitoring Committee. Read more...
Foreign Investments in Belarus at $8.7bn in 2020

Eng.belta.by, February 11, 2021: Foreign investors injected $8.7 billion into the real sector of Belarusian economy (apart from banks) in 2020, BelTA learned from the National Statistics Committee. Among the main investors in Belarus were economic entities of Russia (41.4% of the total), Cyprus (9.4%), Austria (7.4%), and the United Kingdom of Great Britain and Northern Ireland (6.8%). Foreign direct investments (FDI) made up $6 billion, or 69.2% of the total foreign investments. Read more...
US-Russia Related News in Russia
◾ Новости недели
В МИДе Выразили Надежду на Проведение Экономических Форумов в 2021 году

Rbc.ru, Февраль 9, 2021: В России рассчитывают, что эпидемическая обстановка по коронавирусу не станет препятствием для проведения в 2021 году Петербургского международного экономического форума (ПМЭФ), Восточного экономического форума (ВЭФ) и II Каспийского экономического форума. Об этом заявил заместитель министра иностранных дел России Александр Панкин, его слова передает ТАСС. Читать далее...
Власти Готовят Новые Меры Поддержки Пострадавших Отраслей
1prime.ru, Февраль 8, 2021: Президент России Владимир Путин предложил с 1 июня запустить специальные кредиты под 2% на поддержку занятости в компаниях из пострадавших от коронавируса отраслей. Срок погашения кредита — 1 апреля 2021 года. Если в течение всего срока действия кредитной программы предприятие будет сохранять занятость на уровне 90% и выше от своей нынешней штатной численности, то после истечения срока кредита сам кредит и проценты по нему будут полностью списаны, эти расходы возьмет на себя государство. Читать далее...
"ЛУКОЙЛ" Изучит Перспективу Получения Водорода из Газа
Interfax.ru, Февраль 11, 2021: "ЛУКОЙЛ" занимается изучением перспектив получения водорода из газа, сообщил в четверг заместитель гендиректора ООО "РИТЭК" ПАО "ЛУКОЙЛ" Виктор Дарищев. По словам Дарищева, эта работа проводится совместно с "ЛУКОЙЛ-Инжинирингом" и с привлечением научно-исследовательских подразделений. Читать далее...
Правительство Утвердило Правила Ведения Реестра Обязательных Требований для Бизнеса

Kommersant.ru, Февраль 9, 2021: Минцифры России к июлю создаст интернет-портал с обязательными требованиями для бизнеса. Российское правительство утвердило правила его ведения, они опубликованы на портале правовой информации. Минцифры, как оператор реестра, должен запустить его в опытную эксплуатацию до 1 марта. Предполагается, что с 1 июля заработает публичный интернет-портал с требованиями. Читать далее...
«Газпром» Запланировал Ввести «Северный поток – 2» в Эксплуатацию в Этом Году

Iz.ru, Февраль 11, 2020: «Газпром» собирается ввести в эксплуатацию строящийся газопровод «Северный поток – 2» в 2021 году. Ранее, 9 февраля, стало известно, что прокладку двух ниток газопровода в Дании, предпоследнем участке строительства трубопровода, планируется завершить до конца апреля. 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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