February 2021 | ISSUE No. 311| USRCC Business Newsletter
USRCC Membership
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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
Shell Sells Non-core Canadian Shale Assets to Crescent Point Energy

Shell.com, February 17, 2020: Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of $707 million (C$900 million). The transaction has an effective date of January 1, 2021. The consideration is comprised of $550 million in cash and 50 million shares (valued at $157 million) in Crescent Point Energy common stock (TSX:CPG). Subject to regulatory approvals, the transaction is expected to close in April 2021. Read more...
Gazprom Strengthening Its Gas Processing Business

Gazprom.com, February 17, 2020: The Gazprom Board of Directors expressed its approval of the Company’s ongoing efforts on expanding gas processing facilities and promoting cutting-edge technologies in the segment. It was noted that Gazprom is actively strengthening its gas processing business, primarily due to the growing share of multi-component gas in the Company’s production mix. Read more...
Lukoil to Save Water Resources in Komi Republic

Lukoil.com, February 18, 2020: As part of its effort to minimize impact on water bodies of the Komi Republic, LUKOIL commissioned new water treatment facilities and commenced closed loop steam generation at its oil mines in Yarega, Pervomaisky and Nizhny Domanik settlements. Earlier on, the company had already installed a water reuse system at Yarega field. The steam, injected in the subsurface, is condensed in water that is brought back together with produced oil. Read more...
USRCC Upcoming Events
The 11 Annual Welcome Reception Honoring Delegations 
from Russia, Kazakhstan and Azerbaijan 
at the Offshore Technology Conference (OTC 2021)
The USRCC's OTC Reception is attended by more than 300 international business professionals, including, leading experts from oil and gas/energy industry, investors, suppliers, and government officials.

The USRCC’s OTC Reception provides energy professionals the opportunity to meet and exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.

Tuesday, August 17, 2021 6:00 pm – 9:00 pm CST

Hotel ZAZA | Fountain Room 
5701 Main Street, Houston, TX 77005
USRCC Members - $50 | Non-members - $100

"Pay at the Door" Option will be available at: 
USRCC Members - $55 | Non-Members - $110

Registration deadline: COB Monday, August 16, 2021
Refunds will not be issued after August 13, 2021
2900 Wilcrest Drive, Suite 133, Houston, TX 77042
P: (713) 429-4680
info@usrussiacc.org www.usrussiacc.org
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
Russian Govt Working on Expanding EPT to Highly Depleted Fields with Superviscous Oil Reserves - Novak

Interfax.com, February 19, 2021: The Russian government is working on the possibility of expanding the excess profit tax (EPT) regime for the oil and gas sector to highly depleted fields with viscous and supervisous oil reserves, Deputy Prime Minister Alexander Novak wrote in a column for Energy Policy magazine. Novak said that in 2020, the tax legislation in the oil and gas production sphere had been amended, which had influenced the sector's economy. Read more...
Gazprom Neft Boosts Marine Fuel Sales by 3.5 Times in 2020

Tass.com, February 18, 2021: Gazpromneft Marine Bunker increased board to board sales of MARPOL compliant marine fuel by 3.5 times to 1.1 mln in 2020, the bunkering business operator of Gazprom Neft says on Thursday. Fuel sales in 2020 enabled the company to capture over 20% of low-sulfur and ultra low-sulfur bunker fuel in Russia. Read more...
Russia Re-Opens to Foreign Students, Easing Coronavirus Travel Ban

Russiabusinesstoday.com, February 18, 2021: Russia is re-opening its borders to foreign students who show two negative coronavirus tests and arrive from countries with flight resumption agreements in place, authorities said Tuesday. More than 300,000 international students are estimated to have been unable to enter Russia due to the pandemic. Russian universities resumed in-person courses earlier in February after nearly three months of remote learning during the fall semester. Read more...
Official Says Russia's Greenhouse Gas Emission Falls by 2% in 2020

1prime.biz, February 16, 2021: Russia’s greenhouse gas emissions decreased by about 2% in 2020 as the economy contracted, Deputy Director of the Global Climate and Environment Institute of the Federal Hydrometeorology and Environment Monitoring Service Alexander Nakhutin said on Tuesday. He said that the mineral resource sector contributes most to the greenhouse gas production. Power production from coal, oil, gas and other combustible fuel accounts for 79% of all emissions. Read more...
Russia's Far East Aims for Unexpected Climate Target: Net Zero by 2025

Reuters.com, February 19, 2021: Fossil fuel-rich Russia may not be known as a leader on climate action - but in the country’s remote far east, authorities have launched an unexpected experiment: an effort to try out carbon trading and reach net-zero planet-heating emissions by 2025. The government of the Russian island region of Sakhalin, in the Pacific Ocean north of Japan, is planning tax breaks, charging stations and dedicated parking lots for electric vehicles, alongside a ban on all petrol and diesel cars by 2035. Read more...
Russia Re-Opens to Foreigners with Work Visas

Themoscowtimes.com, February 19, 2021: Foreign nationals may now enter Russia for work purposes as long as their employer obtains permission ahead of time, according to a decree published by the Russian government Friday. The decree, which went into effect on Feb. 16, follows a nearly yearlong suspension on most foreign arrivals to Russia prompted by the coronavirus pandemic. Read more...
OFAC Enters Into $507,375 Settlement with BitPay, Inc. for Apparent Violations of Multiple Sanctions Programs Related to Digital Currency Transactions

Home.treasury.gov, February 18, 2021: BitPay, Inc. (“BitPay”), a private company based in Atlanta, Georgia, that offers a payment processing solution for merchants to accept digital currency as payment for goods and services, has agreed to remit $507,375 to settle its potential civil liability for 2,102 apparent violations of multiple sanctions programs. BitPay allowed persons who appear to have been located in the Crimea region of Ukraine, Cuba, North Korea, Iran, Sudan, and Syria to transact with merchants in the United States and elsewhere using digital currency on BitPay’s platform even though BitPay had location information, including Internet Protocol (IP) addresses and other location data, about those persons prior to effecting the transactions. Read more...
Houston-Tyumen Sister Cities
An Increase in Industrial Production is Recorded in the Tyumen Region

Tmn.aif.ru, February 19, 2021: At the end of 2020, a significant increase in industrial production is observed in the Tyumen region (121.5% against the level of 2019 in comparable prices). Manufacturing industries have a decisive influence on the dynamics of the industry (151.7% by 2019). The implementation of investment projects continues, with the largest volume of investments directed to the manufacturing sector, according to the regional department of economics. Read more...
CIS Business News
Azerbaijan Launches New Program on Innovative Startup Ecosystem

Azernews.az, February 17, 2021: Azerbaijan has launched a new program aimed to form an innovative startup ecosystem and infrastructure in the country’s economy amid the rapid development of technologies. The opening ceremony of the “Azerbaijan 500 ASAN Startup” program was held in the videoconference format on February 15. During the ceremony, it was noted that this program will help increase the knowledge and skills of local startups and their access to investors. Read more...
Shymkent Launches 20 MW Capacity Solar Power Plant Worth $15 Million

Astanatimes.com, February 17, 2021: A new 20 MW capacity solar power plant, the third in Shymkent, has started operating in the Aikol residential area, the Kazakh Invest National Company press service reported. The power plant covers the area of 50 hectares. The project, worth 6.2 billion tenge (US$14.7 million), has already attracted foreign investors. The city authorities and the Kazakh Invest National Company supported the implementation of the investment project. Read more...
Belarus, Russia sign agreement on transshipment of oil products

Eng.belta.by, February 19, 2021: Belarus and Russia signed an agreement on transshipment of Belarusian oil products via Russian ports. The document was signed by Belarus' Transport and Communications Minister Aleksei Avramenko and Russian Minister of Transport Vitaly Saveliyev in Moscow on 19 February, BelTA has learned. Read more...
US-Russia Related News in Russian
◾ Новости недели
НОВАТЭК Заявил о Планах Привлечь $11 млрд на Новый Проект

Rbc.ru, Февраль 18, 2021: НОВАТЭК рассчитывает завершить привлечение внешнего финансирования для своего второго производства СПГ «Арктик СПГ-2» в объеме примерно $11 млрд к концу первого полугодия 2021 года. Об этом 18 февраля заявил зампред правления компании Марк Джетвэй на телеконференции, посвященной финансовым результатам компании за прошлый год. Читать далее...
Минэкономразвития Обсуждает с Министерствами Дополнительные Меры Поддержки Бизнеса
Tass.ru, Февраль 19, 2021: Минэкономразвития России обсуждает внутри ведомства и с другими министерствами дополнительные меры поддержки бизнеса, в частности льготную кредитную поддержку, сообщили ТАСС в пресс-службе Минэкономразвития. В МЭР отметили, что правительство РФ при этом в первую очередь руководствуется целью сохранить занятость и поддержать рабочие места. Читать далее...
Минфин Подготовил Меры по Повышению Собираемости Налогов
Ria.ru, Февраль 19, 2021: Минфин России подготовил законопроект, содержащий меры поддержки некоторых пострадавших отраслей, а также меры по повышению эффективности налоговой системы и собираемости налогов без увеличения фискальной нагрузки для населения и бизнеса, говорится в сообщении министерства со ссылкой на замминистра финансов Алексея Сазанова. Читать далее...
Роснедра Могут Выставить на Продажу Новые Участки в ЯНАО

Kommersant.ru, Февраль 17, 2021: Роснедра планируют выставить в этом году на аукционы крупные Хараеганский и Логасъеганский участки в Ямало-Ненецком АО с общей ресурсной базой в 235 млн тонн нефти. По данным “Ъ”, они могут заинтересовать «Роснефть» и «Сургутнефтегаз», чьи активы расположены рядом. Однако затруднить продажу может то, что частично объекты расположены на особо охраняемых природных территориях (ООПТ) или затрагивают подъезды к ним. Но у «Роснефти» уже получалось добиться участков в схожих условиях по согласованию с местными властями. Читать далее...
Юридический Адрес Могут Заменить Электронным

Iz.ru, Февраль 19, 2020: В правительстве планируют упростить регистрацию бизнеса. Физический адрес заменят электронной почтой, это будет так называемый Business ID. Нововведение прорабатывают в Минэке, Минфине и ФНС. Инициатива позволит предпринимателям сэкономить. Особенно это выгодно небольшому бизнесу. 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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