April 2021 | ISSUE No. 318 | USRCC Business Newsletter
◾ 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
Shell Publishes Reports on Sustainability, Industry Associations and Payments to Governments

Shell.com, April 7, 2020: Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society. The 24th edition of the Shell Sustainability Report outlines Shell’s strategy to become a net-zero emissions energy business by 2050, in step with society. The report describes Shell’s social, safety and environmental performance in 2020. Read more...
Proposed Standard Will Cover Water-Resistive Barriers and Air Barriers in Building Envelopes

Astm.org, April 1, 2021: A proposed ASTM International standard will help engineers to better understand how various climates affect water vapor transmission of water-resistive barriers and air barriers (WRB/AB) in building envelopes. ASTM’s performance of buildings committee (E06) is developing the proposed standard. ASTM International member Danko Davidovic says that the proposed standard (WK51917) will explain how WRB/AB function in various wall and roof assemblies. 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
Sanctions Threat Pushes Foreign Share of Russian Debt to 6-Year Low

Themoscowtimes.com, April 6, 2021: Foreign investors’ holdings of Russian government debt fell below 20% for the first time in six years at the end of March, official data from Russia’s National Settlement Depository shows. International investors have been selling their holdings in Russia’s state debt since the start of the year, fearful of being caught up in a possible hardening of sanctions against Russia in retaliation for the poisoning and jailing of Kremlin critic Alexei Navalny. Read more...
Russian Ambassador Antonov's Return to US Unlikely to Happen Soon - Foreign Ministry

Sputniknews.com, April 7, 2021: The Russian ambassador to the United States, Anatoly Antonov, will most likely not return to Washington in the near future, although the solution to this issue depends on the willingness of the US to show a desire to normalize relations with Moscow, Russian Deputy Foreign Minister Sergey Ryabkov told Sputnik. "This is not a question of the coming days," Ryabkov said, asked whether any dates for a possible return of Antonov to the United States had been determined. Read more...
Russian Economic Growth to Substantially Exceed Pre-crisis Rates, Says IMF Envoy

Tass.com, April 7, 2021: The Russian economic growth will substantially exceed its pre-crisis growth rates this and next year, according to projections by the International Monetary Fund (IMF), Executive Director for Russia in the IMF, Dean of its Executive Board Aleksei Mozhin said in an interview with TASS. Russia’s economic contraction amounted to 3.1% last year, whereas at the very beginning of the coronavirus pandemic the Fund’s experts projected a 5.5% growth contraction for the country. The outlook on Russia’s economic growth was repeatedly upgraded during the year. Read more...
Novatek Plans to Put up 60% in Arctic LNG 2 as Collateral for Financing

Reuters.com, April 5, 2021: Russian largest liquefied natural gas producer Novatek said on Monday it plans to put up its 60% stake in Arctic LNG 2 project as collateral for long-term financing of the project. Novatek seeks to raise $11 billion in external financing and has said it planned to get the funds by the first half of this year. Read more...
CBR to Create Prototype Digital Ruble Platform by Year's End, Test it in 2022

Interfax.com, April 8, 2021: The Central Bank of Russia (CBR) will create a prototype digital ruble platform by the end of 2021 and test it in 2022, CBR first deputy chairman Olga Skorobogatova said at a press conference. "We believe that we need to create a prototype digital ruble platform by the end of the year, and next year try to test out this prototype with market participants specifically in a test mode," she said. Read more...
Russian Government Cuts Oil, Gas, Coal Production Forecast for 2021, 2022

Russiabusinesstoday.com, April 6, 2021: The Russian government slashed its forecast for oil, gas and coal production for this and next year, according to a decree on amendments to the Russian state program for energy development, published on the official legal information portal, Sputnik reports. The production of oil, including gas condensate, in Russia in 2021 is projected to reach 517 million tonnes, down from from 560 million tonnes in a previous forecast. The forecast for production of natural and associated gas this year is cut to 698.3 billion cubic meters from 750.1 billion cubic meters. Read more...
Houston-Tyumen Sister Cities
Oxygen Launched a Cloud Cluster in Tyumen and Intends to Create an IT Competence Center for Companies in the Region

Acexpert.ru, April 9, 2021: Oxygen, the operator of a network of data centers and a global provider of cloud services, has launched into commercial operation the regional segment of its own cloud platform Oxygen Cloud Platform, which is actually located in the Tyumen Region. This is the first commercial data center in the Tyumen region. Now Oxygen cloud products are available to companies and government organizations of the Ural Federal District and beyond, as well as to Chinese companies developing their business in Russia and Europe. The department of informatization of the Tyumen region announced the launch of the center. Read more...
CIS Business News
IMF Predicts Growth in Azerbaijan’s Economy in 2021

Azernews.az, April 8, 2021: Azerbaijan’s economy is forecasted to grow at 2.3 percent in 2021, the International Monetary Fund reported in its World Economic Outlook report for April. Meanwhile, the national economy is expected to grow at 1.7 percent in 2022. The forecast for the current year is improved by 0.3 percentage points compared to the previous forecast. Read more...
Belarus-Tajikistan Trade, Economic Cooperation Discussed

Eng.belta.by, April 6, 2021: As a Belarusian delegation visited Tajikistan, Belarusian Agriculture and Food Minister Ivan Krupko met with Deputy Prime Minister of Tajikistan Gulmakhmadzoda Davlatshoh Kurbonali. The sides discussed manufacturing cooperation and the development of trade and economic cooperation, the Belarusian Agriculture and Food Ministry press service told BelTA. Read more...
◾ US-Russia Related News in Russian
◾ Новости недели
"Лукойл" Рассчитывает на Меры Стимулирования Добычи Нефти

Tass.ru, Апрель 9, 2021: Нефтяная компания "Лукойл" рассчитывает на меры стимулирования добычи нефти, которые позволят России подготовиться к росту спрос, заявил в эфире Первого канала глава и совладелец компании Вагит Алекперов. Алекперов обсуждал стимулирование добычи с президентом России Владимиром Путиным на встрече в пятницу. Он также презентовал президенту каплю нефти, которая получена из нового Титонского месторождения, открытого компанией три недели назад на акватории Каспия. Читать далее...
Замглавы Минэкономразвития Перейдет в «Роснефть»

Rbc.ru, Апрель 6, 2021: Заместитель министра экономики Оксана Тарасенко может продолжить карьеру в «Роснефти», сообщили РБК источник, близкий к компании, и собеседник, близкий к правительству. О планах замминистра перейти в госкомпанию сообщил и «Коммерсантъ». О том, что Тарасенко написала заявление об уходе, ранее сообщил источник «Интерфакса». Собеседник ТАСС говорил, что замминистра «переходит на работу в одну из госкомпаний». Читать далее...
Правительство Ожидает Роста Инвестиций в Основной Капитал РФ на 3,1% в 2021 году

Kommersant.ru, Апрель 8, 2021: Вице-премьер России Андрей Белоусов сообщил, что правительство прогнозирует увеличение инвестиций в основной капитал России на 3,1% в 2021 году. Он также заявил о планах к следующему году довести этот показатель до 5,6%. В марте Высшая школа экономики (ВШЭ) опубликовала исследование об инвестициях в России в год пандемии коронавируса. По ее оценке, уже в конце прошлого года инвестиции в основной капитал в стране выросли на 1,2% и 0,4% квартал к кварталу. Читать далее...
Чистая Прибыль "Роснефтегаза" в 2020 году Сократилась на 40%
1prime.ru, Апрель 8, 2021: Чистая прибыль "Роснефтегаза" в 2020 году сократилась на 39,7%, до 93,5 миллиарда рублей, следует из отчетности компании. Выручка снизилась на 34% и составила 127,1 миллиарда рублей, валовая прибыль также снизилась на 34%, до 127,1 миллиарда рублей. 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...
Бизнес Призвал Запретить Госорганам Закупать Zoom

Iz.ru, Апрель 8, 2021: Российские разработчики софта попросили правительство и Минцифры законодательно запретить государственным органам и организациям с госучастием закупать иностранные системы видео-конференц-связи (ВКС) с 1 июня 2021 года. Об этом говорится в обращении АНО «Цифровые платформы» в ведомства. Таким образом разработчики хотят снизить зависимость от зарубежных поставщиков и продвинуть российские решения. Авторы инициативы напомнили о недавней истории с Zoom, когда официальный дистрибьютор решения сообщил партнерам об отказе работы сервиса с госструктурами. Читать далее...
 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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