April 2021 | ISSUE No. 319 | 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
The U.S.-Russia Chamber of Commerce
invites you to the partner event -
Gastech Exhibition & Conference 2021 at Singapore EXPO,
September 13-16, 2021.

Gastech is a global platform that convenes industry leaders annually in their shared mandate towards a zero-carbon economy. A key enabler of engagement between policy makers, business leaders, disruptors and innovators, Gastech 2021 will drive the conversations, collaborations and connections to address the challenges and opportunities created by the energy transition. Lower and zero-carbon fuels will play a central role in the delivery of the new energy landscape, as global focus continues to move towards a decarbonised and sustainable environment. Gastech 2021 will take place in Singapore, an epicentre for trade across Asia, reflecting the rapid shift Asian economies are making towards Natural Gas and LNG to meet their energy demands. Gastech will help you shape the strategies that will enable your company to thrive, providing an opportunity to explore new markets, forge exciting new partnerships and generate new business across the gas, LNG, hydrogen and energy value chain.

For more information click here.
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 and Leonid Mikhelson Review Issues of Cooperation Between Gazprom and NOVATEK

Gazprom.com, April 15, 2020: A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Leonid Mikhelson, Chairman of the Management Board of NOVATEK, took place today in St. Petersburg. The parties reviewed issues pertaining to cooperation between the companies. Read more...
Rosneft Shows Record Positive Dynamics in Sustainalytics ESG Rating

Rosneft.com, April 9, 2021: Rosneft Oil Company continues to strengthen its position in leading international ESG (Environmental, Social and Corporate Governance) ratings.
Sustainalytics, the international ESG rating agency, improved the Company’s position by a record 4.7 points to 34.7 points. Rosneft showed the most positive dynamics among competitors. 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
The U.S. has Imposed the Widest Anti-Russia sanctions since 2018

Themoscowtimes.com, April 16, 2021: The U.S. on Thursday hit Russia with its toughest set of sanctions since 2018 to punish the Russian government for a host of infringements. This is the first sanctions action against Russia taken by new president Joe Biden and comes days after he suggested a face-to-face summit with his Russian counterpart Vladimir Putin, as a military stand-off in eastern Ukraine continues to simmer. Read more...
Russian Industrial Output Back to 1.1% Growth in March

Intellinews.com, April 16, 2021: Russian industrial output posted 1.1% year-on-year growth in March 2021, according to RosStat statistics agency data, making the first y/y growth in a year. As reported by bne IntelliNews, in February industrial production fell heavily by 3.7% y/y due to the leap year affect, down from a 1.9% contraction seen in January. Read more...
Russia Considering ‘Golden Passport’ Investment Scheme to Attract Foreign Investment

Russia-briefing.com, April 14, 2021: The Russian Government Commission has approved the draft law of the Ministry of Economic Development on a simplified procedure for issuing residence permits to foreigners in exchange for investments, according to two sources close to the Cabinet. The proposal will also include an extension to family members of the applicant. The draft law must now be approved by the government, then the State Duma will consider it before passing it onto the statute. Read more...
Russia, Hit by New U.S. Sanctions, to Cut 2021 Borrowing Plan

Reuters.com, April 15, 2021: Russia will cut its 2021 borrowing plan more than expected and will offer only new OFZ treasury bonds from June 14, the date after which U.S. banks will be barred from buying rouble-denominated state bonds directly from Russia. The new set of sanctions announced on Thursday battered the rouble and state bonds but analysts say it will not have a significantly adverse impact on the Russian budget and markets over the longer term. Read more...
Russia to Raise Compensations to Oil Firms for Fuel Prices

1prime.biz, April 16, 2021: The Russian government will again raise compensations to the oil companies for holding down local fuel prices, while the budget spending should be partially compensated by a slight increase of the mineral extraction tax (MET) on oil, Kommersant business daily reported on Friday quoting sources. The ministries agreed to compensate 50% of budget spending on the changes in the fuel price damper by an increase of MET, but how MET will be raised is unclear. Read more...
Biden: US Studying Option of Sanctions Against Nord Stream 2 but It’s Difficult Issue

Russiabusinesstoday.com, April 16, 2021: The US administration is still reviewing possibly introducing sanctions against Nord Stream 2, Russia’s major gas pipeline project. However, it also recognizes that it is a complicated issue and concedes that it affects interests of Washington’s allies in Europe, US President Joe Biden said Thursday. Read more...
CIS Business News
Azerbaijan Enhancing Support to SMEs

Azernews.az, April 16, 2021: The Agency for the Development of Small and Medium-Sized Enterprises (SMEs) of Azerbaijan is expanding the network of ‘Friend of SMEs’ offices, a source in the agency told Trend. According to the source, on April 15, similar offices opened in Salyan and Sabirabad districts. Thus, their number in 24 cities and districts of Azerbaijan has reached 26. At the presentations held with the participation of a limited number of entrepreneurs, representatives of local executive authorities, and relevant state structures, the agency’s chairman Orkhan Mammadov spoke about the activities of the structure headed by him and the ‘Friend of SMEs’ mechanism. Read more...
Kazakh Government to Develop New Concept for Creative Industry Growth

Astanatimes.com, April 16, 2021: A working group chaired by First Deputy Prime Minister Alikhan Smailov has announced plans to develop a new concept for the economy’s creative sector development, reports the Press Office of the Prime Minister. The strategy will be outlined before August 1 and will include government measures for fostering creative entrepreneurship, exporting creative products, training personnel, supporting talented people and managing intellectual property. Read more...
Russia Interested in Cooperation with Belarus in Freight Transshipment

Eng.belta.by, April 16, 2021: Russia is interested in advancing cooperation with Belarus in the area of freight transshipment, BelTA learned from Russian Deputy Prime Minister Aleksandr Novak on 16 April. BelTA reported earlier that Belarusian Transport and Communications Minister Aleksei Avramenko and Russian Transport Minister Vitaly Savelyev met in Moscow on 19 February and signed an intergovernmental agreement on cooperation in transporting and transshipping Belarusian oil products, which are intended for export to third countries, via Russian sea ports. Read more...
US-Russia Related News in Russian
◾ Новости недели
Россия Высылает Посла США

Kommersant.ru, Апрель 16, 2021: Министр иностранных дел РФ Сергей Лавров в ходе пресс-конференции в Москве рассказал о российском ответе на новые американские санкции. Позднее заявление о принятых мерах было опубликовано на сайте МИДа. 16 апреля президент РФ Владимир Путин провел в режиме видеоконференции оперативное совещание с постоянными членами Совета безопасности. В ходе мероприятия обсуждался в том числе и ответ Москвы на новые американские санкции. После этого пресс-секретарь президента РФ Дмитрий Песков рассказал, что помощник президента Юрий Ушаков пригласил посла США Джона Салливана и проинформировал его о российских контрсанкциях. Читать далее...
Байден Заявил, что США Изучают Вариант Санкций Против "Северного потока - 2"

Tass.ru, Апрель 15, 2021: Американская администрация еще рассматривает вариант введения односторонних санкций в отношении проекта строительства газопровода "Северный поток - 2", однако считает данный вопрос сложным и признает, что он затрагивает интересы союзников Вашингтона в Европе. Об этом заявил в четверг президент США Джо Байден. Читать далее...
Новак Допустил Производство Водорода из Угля для Снижения Выбросов CO2

Rbc.ru, Апрель 15, 2021: Вице-премьер Александр Новак рассказал о вариантах декарбонизации с использованием водорода в разных отраслях промышленности для выполнения условий Парижского соглашения по климату, которое Россия ратифицировала в 2019 году. Об этом говорится в его статье в апрельском номере журнала «Энергетическая политика». Читать далее...
"Новатэк" Увеличил Добычу Газа в Первом Квартале
1prime.ru, Апрель 12, 2021: Добыча газа "Новатэка" в первом квартале 2021 года, по предварительным данным, выросла на 5,6% и составила 20,15 миллиарда кубометров, говорится в сообщении компании. В целом "Новатэк" увеличил добычу углеводородов в январе-марте на 5,3% — до 158,1 миллиона баррелей нефтяного эквивалента. Добыча жидких углеводородов выросла на 2,7% — до 3,129 миллиона тонн. Читать далее...
Россия Сократила Вложения в Госбумаги США в Феврале

Iz.ru, Апрель 16, 2021: Россия сократила объем вложений в американские государственные ценные бумаги с $6,145 млрд в январе до $5,756 млрд в феврале, следует из данных на сайте минфина США, опубликованных в четверг, 15 апреля. При этом доля долгосрочных облигаций сократилась почти в девять раз — с 2,7 млрд до 306 млн, на долю краткосрочных облигаций пришлось $5,45 млрд ($3,4 млрд в январе). Читать далее...
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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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