February 2021 | ISSUE No. 312| USRCC Business Newsletter
USRCC Upcoming Events
USRCC Standardization Conference is a specialized technical conference that addresses common issues and challenges of standardization, certification and conformity assessment. 

USRCC in partnership with the Russian Union of Industrialists and Entrepreneurs (RSPP) and its Committee for Technical Regulation, Standardization and Compliance Standard, Rosstandart, American Society for Testing and Materials (ASTM International), American Society of Civil Engineers (ASCE), and the American Petroleum Institute (API) invites you to attend the 3rd Standardization Conference to discuss rules for obtaining licensed translations, standards development system, products certification rules, work in technical committees of U.S.A. standardizing bodies, and other related questions.

This Conference will provide attendees with a better understanding of the differences between the U.S.A. and Russian standardization systems, standards development processes and standards committees.
Tuesday, March 30th, 2021
9:00 am– 11:30 am CST (Houston) | 17:00 – 19:30 (Moscow)
Cost: complimentary
Simultaneous translation into Russian language is included.

Registration deadline: COB Monday, March 29th, 2021.
Webinar details will be provided upon registration.
Andrey N. Lotsmanov

First Deputy Chairman,
Russian Union of Industrialists and Entrepreneurs, Committee for Technical Regulation, Standardization and Compliance Assessment

To read the full bio click here
Andrew A. Pidgirsky

Lewis Brisbois Bisgaard & Smith LLP 

To read the full bio click here
Alexa S. Burr

Vice President, 
Segment Standards & Services, 
Global Industry Services, 

To read the full bio click here
Christopher Mahler

Derivative Programs, 
Conformity Assessment, 

To read the full bio click here
Vyacheslav A. Burmistrov

State Policy Department 
in the Field of Technical Regulation, Standardization 
and Ensuring the Uniformity 
of Measurements, 
Ministry of Industry and Trade 
of Russia
Anton P. Shalaev

Federal Agency for Technical Regulation and Metrology,

To read the full bio click here
Tricia Hock

Certification Operations,
Safety Equipment Institute
To read the full bio click here
Stephen F. Mawn

Technical Committee Operations,
ASTM International

To read the full bio click here
Pat A. Picariello, J.D., CStd, FSES

Developmental Operations,
ASTM International

To read the full bio click here
Mary Mikolajewski

Technical Committee Operations, 
ASTM International

To read the full bio click here
Sergey G. Muzychenko

Federal Autonomous Organization "Federal Center for Regulation, Standardization and Technical Assessment of Conformity in Construction" (FAA "FCS")

To read the full bio click here
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 Membership
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!

For more information click here.
Member's News
Alexey Miller Elected as Chairman of Gazprom Management Committee for Another 5-year Term

Gazprom.com, February 24, 2020: The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management Committee and unanimously resolved to reelect Alexey Miller as Chairman of the Management Committee for a 5-year term starting from May 31, 2021. Read more...
ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets

Exxonmobil.com, February 24, 2020: ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices. 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
Evraz Apeaks of Growing Interest of Companies in M&A in U.S. but Yet to See Interesting Propositions

Interfax.com, February 25, 2021: Evraz has drawn attention to growing interest of companies in M&A deals in the United States but has yet to see any propositions that would interest it. "We are now seeing, at least in the U.S., growing interest in M&A deals. We have yet to see this converted into something demanding consideration. It is rather a general backdrop suggesting that activity is returning here, but I do not see any specific cases," Evraz CEO and co-founder Alexander Frolov said on a conference call for reporters. Read more...
Putin Approves Launch of New Preferential Lending Program for Business

Tass.com, February 24, 2021: Russian President Vladimir Putin has approved launching a new annual lending program FOT 3.0 for the businessmen, Prime Minister Mikhail Mishustin said on Wednesday. Companies will get opportunities for growth. The business will not pay the principal and the loan interest under the new program during first six months, the prime minister noted. Read more...
Russia Approves its Third Coronavirus Vaccine CoviVac for Domestic Use, Production Launched Before Trials Complete

Intellinews.com, February 21, 2021: Russia has approved CoviVac, its third coronavirus vaccine, for domestic use, Prime Minister Mikhail Mishustin said on state TV, although large-scale clinical trials have not started yet. The CoviVac vaccine is based on a highly successful vaccine Russia developed to prevent polio and could be more effective against mutations of the coronavirus (COVID-19), as it is a “whole-virion” vaccine that uses a deactivated form of the actual coronavirus that has been stripped of its ability to replicate. Production the vaccine has already been launched, although its release is only planned for March after preliminary trials are complete. Read more...
High Oil, Weak Rouble to Boost Russian Finances Before Election but Pose Inflation Risks

Reuters.com, February 25, 2021: Rising oil prices and a weak rouble could boost Russian state coffers before a parliamentary election this autumn, giving the authorities more leeway for social spending despite the risk of fuelling inflation. This year’s budget deficit is forecast to come in at 2.4% of gross domestic product (GDP), but Russia could end up with a surplus and even pocket up to $25 billion in additional revenues from higher oil prices and a weak rouble, analysts say. Read more...
Rosneft Plans to Boost Share of Gas Output to 25% of Total Portfolio by End of 2022

Interfax.com, February 26, 2021: Rosneft plans to boost its share of gas production to 25% in the company's total portfolio by the end of 2022, the Russian state oil company said. "The launch of the gas projects of Rospan and the Cenomanian deposits at the Kharampurskoye field will allow the company to achieve a level close to 25% by the end of 2022, when taking into account the planned rise in oil and gas condensate production, which we expect when the restrictions have been lifted regarding the OPEC+ deal," Rosneft's First Vice President Didier Casimiro said during a press conference. Read more...
Russia’s Government Debt Rose 40% in 2020

Themoscowtimes.com, February 24, 2021: Russia’s state debt rose by 40% last year, as it sold trillions of rubles in bonds to prop up lost oil and gas revenues from the pandemic. The Audit Chamber, Russia’s government spending watchdog, said Wednesday state debt stood at 19 trillion rubles ($257 billion) at the end of 2020, equivalent to 17.8% of the country’s GDP. Read more...
Houston-Tyumen Sister Cities
Krasnodar, Surgut and Tyumen Surpassed Moscow and St. Petersburg in Terms of Comfort

Vedomosti.ru, February 24, 2021: Krasnodar, Surgut and Tyumen entered the top Russian cities in terms of comfort and affordability of life, according to a study by the Urbanika Institute for Territorial Planning, the results of which are cited by RBC . Thus, these cities are ahead of St. Petersburg and Moscow, which took the fourth and fifth lines of the rating, respectively. Read more...
CIS Business News
Azerbaijan to Encourage Participation of SMEs in Public Procurement

Azernews.az, February 25, 2021: Participation of small and medium sized enterprises in public procurement will be encouraged, Azerbaijan’s Economy Minister Mikayil Jabbarov wrote on his official Twitter page on February 24. The minister noted that in 2020, public procurement increased by 14.8 percent, compared to the 2019, reaching around AZN 6.6 billion ($3.8bn). Read more...
Kazakhstan’s Agricultural Industry Shows Positive Growth Despite Pandemic

Astanatimes.com, February 25, 2021: Kazakhstan is experiencing a positive growth trend in the agricultural industry, according to the reports available on the Prime Minister’s website on Primeminister.kz. Based on the preliminary results of 2020, the gross agricultural production increased by 5.6 percent and reached 6.3 trillion tenge (US$15 billion). The growth is mostly due to an increase in crop production of about 7.8 percent.  Read more...
Russian Exporters Tout Belarusian Commodity Exchange as Place to do Business

Eng.belta.by, February 26, 2021: Russia's Trade Representative of Russia to Belarus Yury Zolotarev and the head of the Smolensk Region Export Support Center Maksim Astapenkov called on the Novosibirsk business community to make a greater use of the Belarusian Universal Commodity Exchange (BUCE) in trade with Belarus during the online conference "Export to the EAEU countries" organized by the Ministries of Economic Development and Industry, BelTA learned from the BUCE press service. Read more...
US-Russia Related News in Russian
◾ Новости недели
Глава «Аэрофлота» Назвал Сроки Восстановления Рынка Авиаперевозок

Rbc.ru, Февраль 24, 2021: Согласно прогнозам внешних аналитиков и консультантов, рынок авиаперевозок может восстановиться в 2023–2024 годах, а в России — уже в 2022 году. Об этом в интервью РБК заявил гендиректор «Аэрофлота».По итогам 2020 года общий объем перевозок в России сократился на 47,5%, с 323 млн до 153,5 млн человек, сообщала пресс-служба Росавиации. Читать далее...
"Роснефть" и BP Работают над Пилотным Проектом по Сокращению Выбросов Метана
Tass.ru, Февраль 26, 2021: "Роснефть" и британская нефтегазовая компания BP работают над пилотным проектом по обнаружению и сокращению выбросов метана при факельном сжигании. Об этом сообщил журналистам советник вице-президента по промышленной безопасности, охране труда и экологии "Роснефти" Тайрон Калпи на пресс-конференции, посвященной презентанции плана по углеродному менеджменту. Читать далее...
В Совфеде Предложили Защитить Неопытных Инвесторов

Ria.ru, Февраль 25, 2020: Сенаторы предлагают защитить неквалифицированных инвесторов от возможных потерь в зарубежных онлайн-казино или на криптобиржах, заявил вице-спикер Совфеда Николай Журавлев. В Госдуму уже внесен законопроект, ограничивающий продажу сложных финансовых продуктов, в том числе структурных, неквалифицированным розничным инвесторам, не обладающим знаниями об особенностях и рисках таких сложных продуктов или опытом работы на финансовом рынке.Читать далее...
ExxonMobil Продаст Нефтедобывающие Активы в Северном Море
Interfax.ru, Февраль 26, 2021: ExxonMobil сообщила, что через свою структуру NEO Energy подписала соглашение с инвестиционной компанией HitecVision о продаже нефтедобывающих активов в северной и центральной частях Северного моря в Великобритании. Сделка оценивается более чем в $1 млрд и имеет потенциал к росту еще на $300 млн. Если ее одобрят регуляторы, он будет закрыта к середине 2021 года. Читать далее...
Путин Одобрил Продление Льготного Кредитования для Бизнеса

Kommersant.ru, Февраль 24, 2021: Премьер-министр России Михаил Мишустин сообщил, что президент Владимир Путин одобрил продление программы льготного кредитования бизнеса. При этом ставка теперь будет не 2%, а 3%. Глава правительства отметил, что некоторые отрасли еще не восстановились до докризисного уровня. 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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