April 2021 | ISSUE No. 317 | USRCC Business Newsletter
Dear USRCC Members and Partners,

We wish you Happy Easter!
May your Easter be filled with peace and happiness.
USRCC Activities
Tuesday, March 30, 2021: 3rd Standardization Conference
On Thursday, March 30th, the USRCC together with the Russian Union of Industrialists and Entrepreneurs (RSPP) and its Committee for Industrial Policy and Technical Regulation hosted its 3rd Standardization Conference.

Over 360 registrants from United States of America, Russia, Belarus, Kazakhstan, and other CIS countries attended the Conference. Rules for obtaining licensed translations, standards development system, products certification rules, work in technical committees of the U.S. standardization organizations, understanding of the differences between the U.S.A. and Russian standardization systems, standards development processes and standards committees, and other related questions were discussed.

The following panelists have made their presentations during the Conference:
  • Andrey N. Lotsmanov, Deputy Co-Chairman, Russian Union of Industrialists and Entrepreneurs, Committee of Industrial Policy and Technical Regulation;
  • Alexa S. Burr, Vice President, Segment Standards & Services, Global Industry Services, API;
  • Christopher Mahler, Director, Derivative Programs, Conformity Assessment, ASME;
  • Jim Rossberg, Managing Director, Engineering Programs, ASCE;
  • Konstantin V. Leonidov, Acting Director General, Federal State Unitary Enterprise “Standartinform”;
  • Aleksandr S. Neklyudov, Deputy Director, Federal Autonomous Organization "Federal Center for Regulation, Standardization and Technical Conformity Assessment in Construction" (FAA "FCS");
  • Tricia Hock, Director, Certification Operations, Safety Equipment Institute;
  • Stephen F. Mawn, Director, Technical Committee Operations, ASTM International;
  • Pat A. Picariello, J.D., CStd, FSES, Director, Developmental Operations, ASTM International;
  • Mary Mikolajewski, Manager, Technical Committee Operations, ASTM International

The Conference was followed by a Q&A session moderated by the USRCC. Panelists answered questions related to cooperation between Russian, CIS and USA standardization organizations, government regulations of standardization processes, application of Eurocodes in the United States, Russian experts participation in API working groups, certification of standardization specialists, MOU implementation between standardization organizations, and many others.

“It was very important to learn about the current activities of international organizations and to get the information about the Russian participants in them. Thank you!" Valeriy Novikov, Vice-rector, FSAI FPE ASMC.

"Clear and capacious content of all presentations. No unnecessary information. Requires constant immersion and involvement." Igor Shkopinskiy, VolgaGP LLC, CTO.

"Positive and promising event!" Aleksandr Tarada, CEO Advisor, Standardization Expert, JSC "Center for Technical and Estimated Rationing in Construction".

"The information is very interesting, a large amount of different topics was highlighted during 2 hours. I definitely recommend visiting such webinars to specialized organizations." Irina Yurchenko.

"Such meetings are very important for the cooperation development, mutual understanding, prevention of negative trends in international relations." Petr Odintsov, Deputy Director of the Department, Standartinform.
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 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
LUKOIL Employees Receive National Awards

Lukoil.com, March 30, 2020: President of Russia Vladimir Putin signed an Executive Order on granting awards to employees of LUKOIL Group. LUKOIL's First Executive Vice President Vadim Vorobyov and LUKOIL's Vice President for Economics and Planning Gennady Fedotov, as well as general directors of several LUKOIL Group organisations – namely Andrei Bogdanov (LUKOIL-Nizhegorodnefteorgsintez LLC), Nikolai Lyashko (LUKOIL-Nizhnevolzhskneft LLC) and Maksim Khitrov (LUKOIL-Severo-Zapadnefteprodukt LLC) – received the Orders of Honour in recognition of their labour achievements and decades-long dedicated work. Read more...
ExxonMobil and Porsche Test Lower-carbon Fuel in Race Conditions

Corporate.exxonmobil.com, March 30, 2021: ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels, as part of a new agreement to find pathways toward potential future consumer adoption. The first iteration of Esso Renewable Racing Fuel is a blend of primarily advanced biofuels and is specially formulated by ExxonMobil’s in-house team of scientists and engineers. Read more...
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"

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
This Week in Review
Russian Venture Capital Market Falls 20% During Pandemic

Themoscowtimes.com, March 30, 2021: Russia saw a 20% contraction in venture capital investments last year, according to Dsight, a Moscow-based business intelligence firm. Total venture capital investment came in at $703 million in 2020, down from $869 million in 2019, the firm said in a new report. Dsight attributes this fall to the “unpredictability of the pandemic” and “investors’ risk aversion.” Read more...
RUSAL May Sell 14% in Bystrinsky to Interros After Spin-off

1prime.biz, March 29, 2021: Russian aluminum giant UC RUSAL may sell 14% in the Bystrinsky project to Interros of tycoon Vladimir Potanin for around U.S. $570 million after the project’s spin-off, the company said in a statement on Monday.RUSAL owns an about 27.8% stake in Norilsk Nickel indirectly through company Aktivium. Read more...
Changes to Procedures When Opening Representative Offices in Russia

Russia-briefing.com, April 1, 2021: Russia has amended its Federal Law “On Foreign Investments in the Russian Federation”, with changes coming into force on August 24 this year. According to the amendments, the accreditation period for a branch or a representative office of a foreign legal entity is reduced from 25 to 15 working days, except for representative offices dealing with civil aviation (for them it remains unchanged). Read more...
U.S. Suspends Visa Services at Consulate in Russia: Ambassador

Reuters.com, April 1, 2021: The United States is suspending its visa and citizen services at a consulate in Russia and make the services available only at its embassy in Moscow following a safety and security review of its operations, the U.S. ambassador said on Thursday. The move comes after the United States halted work at two consulates in Russia last year, citing safety and security issues at the facilities where operations had been curtailed over COVID-19. Read more...
Both Moscow, Washington Need Good Relations Equally - Russian Ambassador to U.S.

Interfax.com, March 31, 2021: Moscow needs good relations between Russia and the United States as much as Washington, D.C. does, Russia is not going to pursue anyone, Russian Ambassador to the United States Anatoly Antonov said. "We need good, positive, and pragmatic relations between Russia and the U.S. as much as the U.S. does, and we're not going to pursue anyone. If the U.S. wants to maintain good relations with Russia, we will always respond in the positive. At the same time, I would like to emphasize that there is no time to waste," Antonov told journalists on Wednesday. Read more...
Moody’s Changes Outlook for Russian Banking Sector to Stable

Russiabusinesstoday.com, April 1, 2021: The international rating agency Moody’s has changed the forecast for the Russian banking sector for next 12-18 months from negative to stable, Vice President – Senior Credit Expert of the Agency Olga Ulyanova says on Wednesday. he forecast revision is based on improved macroeconomic situation in Russia, Ulyanova adds. Moody’s expects Russian GDP will grow by 2.3% in 2021 and by 2.1% in 2022 after the contraction by 3.1% in 2020. Growing oil prices act as a positive driver for this factor, she notes. Read more...
CIS Business News
Government Presents Plan For Social and Economic Development of North Kazakhstan Region Through 2025

Astanatimes.com, April 1, 2021: The plan for the social and economic development of the North Kazakhstan region through 2025 has been presented at the March 30 meeting chaired by Kazakh Prime Minister Askar Mamin, PrimeMinister.kz reported. The plan includes more than 80 initiatives in four main areas – investment projects, housing and infrastructure, social sector, public order and civil protection. Read more...
Azerbaijan Railways Expects to Increase Economic Efficiency of Current Investment Projects

Azernews.az, April 1, 2021: The establishment of the Azerbaijan Investment Holding and the transfer of the Azerbaijan Railways CJSC to its control will have a positive effect on increasing the economic efficiency of the investment programs being implemented, increasing their competitiveness, as well as improving financial stability, Chairman of the ADY Express LLC, the Azerbaijan Railways’ subsidiary, said, ADY Express told Trend. Read more...
Ways to Step up Belarus-Azerbaijan Trade Discussed

Eng.belta.by, April 1, 2021: Deputy Prime Minister of Belarus Igor Petrishenko and Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Belarus Latif Gandilov discussed trade and economic cooperation between the two countries on 1 April, BelTA has learned. Igor Petrishenko stressed that the two countries have a high potential in trade and economic cooperation, mechanical engineering, civil engineering, and power engineering. Read more...
US-Russia Related News in Russian
◾ Новости недели
РФПИ и 10 Ведущих Предпринимателей РСПП Будут Инвестировать в Технологичные Проекты в РФ

Tass.ru, Апрель 2, 2021: 10 ведущих предпринимателей из Российского союза промышленников и предпринимателей (РСПП) будут инвестировать в высокотехнологические проекты совместно с Российским фондом прямых инвестиций (РФПИ). Об этом сообщил глава фонда Кирилл Дмитриев в пятницу на встрече с президентом России Владимиром Путиным. Читать далее...
Всемирный Банк Улучшил Прогноз по Росту Российской Экономики

Rbc.ru, Март 31, 2021: ВВП России в 2021–2022 годах вырастет на 2,9 и 3,2% соответственно, прогнозирует в своем докладе Всемирный банк. Это лучше, чем аналогичный январский прогноз. Тогда организация ожидала роста российской экономики на 2,6 и 3%. Как объясняют авторы доклада, прогноз пересмотрен в связи с меньшим, чем ожидалось, сокращением ВВП по итогам 2020 года (оно составило 3,1%), а также на фоне быстрого смягчения ограничений, связанных с COVID-19. Читать далее...
Выручка Российского Бизнеса Превысила Допандемийный Уровень
1prime.ru, Апрель 1, 2021: Российский бизнес не только вернулся к докризисным показателям выручки, но и начал зарабатывать больше, чем до пандемии коронавируса. Об этом сообщили "Известия" со ссылкой на исследование международной аудиторско-консалтинговой сети FinExpertiza. Отмечается, что в январе 2021 года обороты российских предприятий составили 16,7 триллиона рублей, почти на 7% превысив показатель января 2020-го. Читать далее...
Правительство РФ Планирует Ввести Единый Налоговый Платеж для Бизнеса

Interfax.ru, Апрель 1, 2020: Правительство РФ подготовило поправки в Налоговый кодекс, которые вводят единый налоговый платеж для бизнеса, сообщил премьер-министр Михаил Мишустин. Минфин РФ позже пояснил, что юрлица и индивидуальные предприниматели смогут уплачивать налоги, отдельные виды сборов и страховые взносы единым налоговым платежом. Читать далее...
Новак Уточнил Детали Сделки ОПЕК+

Iz.ru, Апрель 1, 2021: Россия намерена восстановить оставшийся объем добычи нефти в рамках ОПЕК+ равномерно в течение трех месяцев, сообщил вице-премьер РФ Александр Новак, подводя итоги прошедшей 1 апреля встречи представителей стран альянса. Говоря о параметрах, Новак указал, что страны ОПЕК+ в феврале впервые достигли уровня выполнения сделки в 113%, что свидетельствует о высоком уровне исполнения всеми странами своих обязательств. Читать далее...
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U.S.-Russia Chamber of Commerce
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Suite 133
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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.

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