April 2021 | ISSUE No. 320 | 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
ExxonMobil Expands Renewable Fuels Agreement with Global Clean Energy Holdings

Corporate.exxonmobil.com, April 22, 2020: ExxonMobil will be the exclusive buyer of renewable diesel from Global Clean Energy’s biorefinery in Bakersfield, California, which is on schedule to begin production in early 2022. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions. Read more...
ASTM International and HFES Announce Cooperative Agreement for Exoskeletons

Astm.org, April 20, 2021: Representatives of ASTM International and The Human Factors and Ergonomics Society (HFES) recently signed a letter of cooperation supporting exoskeleton standards development. The letter of cooperation is intended to encourage technical excellence in exoskeletons and their enabling technologies through the application of standards. Additional goals include efforts to enhance technical knowledge and facilitate HFES’ input in the development of standards to reflect human-centric solutions. 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 Economy Poised for Post-Covid Positive Growth

Russia-briefing.com, April 21, 2021: Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago. The GDP rate went into positive territory last month after the year-on-year decline seen in January and February, when the Russian economy shrank 2.2% and 2.5% respectively. The economy was still down in quarterly terms, but the decline in GDP slowed to 1.3% compared to a year ago. Read more...
Cabinet Supports Golden Visas Bill

Tass.com, April 22, 2021: The Russian government has supported the draft law of the Ministry of Economic Development on golden visas for foreign investors, Minister Maxim Reshetnikov told reporters. The key issue discussed was the criteria, the investment threshold for the residence permit in the country, Reshetnikov noted. Read more...
Russia Plans to Launch Own Space Station after Quitting ISS

Reuters.com, April 21, 2021: Russia is ready to start building its own space station with the aim of launching it into orbit by 2030 if President Vladimir Putin gives the go-ahead, the head of its Roscosmos space agency said on Wednesday. The project would mark a new chapter for Russian space exploration and an end to more than two decades of close cooperation with the United States aboard the ageing International Space Station (ISS). Read more...
ExxonMobil’s Climate Pitch to Biden: A $100B Carbon Project that Greens Hate

Politico.com, April 19, 2021: ExxonMobil says it can help turn President Joe Biden’s climate agenda into reality — if Washington will kick in tax breaks and other assistance for a $100 billion carbon-capture project near Houston. By 2030, the project’s initial phase would capture 50 million tons of carbon dioxide every year from the refineries and petrochemical plants that line the Houston Ship Channel — the heart of the city's oil and gas industry — and store it underground, Chief Executive Darren Woods told POLITICO on Monday. That’s the equivalent of taking nearly 11 million cars off the road. Read more...
Russia Raises Key Rate to 5% in Face of Inflationary and Geopolitical Risks

Russiabusinesstoday.com, April 23, 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...
Novatek Again Wants to buy Tambei Fields from Gazprom

1prime.biz, April 19, 2021: Russian independent gas producer Novatek has again discussed at a meeting with President Vladimir Putin the purchase of the huge Tambei group of gas fields from gas giant Gazprom, Kommersant daily reported on Monday citing sources. One of the sources said that Mikhelson has suggested paying for the fields partially in cash, and partially with Novatek’s shares. Gazprom presently holds a 9.99% stake in the company. Read more...
Houston-Tyumen Sister Cities
Aeroflot Flights Return to Tyumen

Ura.news, April 22, 2021: Aeroflot will again start operating flights from Tyumen to Moscow. URA.RU was told about this in the press service of the Roshchino airport. “From May 1, 2021, Aeroflot will start operating flight SU1509,” the press service of Roshchino airport told URA.RU. Planes from Tyumen to Moscow (and back) will fly daily. Read more...
CIS Business News
Azerbaijan's Cargo Transportation via TRACECA Hits 6.6m Tons

Azernews.az, April 23, 2021: The volume of cargo transportation in the Azerbaijani section of the transport corridor Europe-Caucasus-Asia (TRACECA) amounted to 6.6 million tons in the first two months of 2021, Azertag has reported. During the reported period, 3.7 million tons or 55.9 percent of the cargo transportation was carried out by automobiles, 2.2 million tons or 33.4 percent by rail and 714,000 tons or 10.7 percent by the sea. Read more...
Belarus, Russia Discuss Cooperation in Macroeconomic Forecasting

Eng.belta.by, April 23, 2021: Experts of the Economy Ministry of Belarus and the Ministry of Economic Development of the Russian Federation discussed cooperation in macroeconomic forecasting, BelTA learned from the press service of the Economy Ministry. A delegation of the Belarusian Economy Ministry led by Deputy Minister Dmitry Yaroshevich visited Moscow to attend a working meeting at the Ministry of Economic Development of the Russian Federation. Read more...
Forecast for Kazakhstan’s Economic Growth Improved to 3.1 Percent for 2021

Astanatimes.com, April 20, 2021: The forecast for Kazakhstan’s economic growth has been improved from 2.8 percent to 3.1 percent in 2021. This was announced by the Minister of the National Economy Aset Irgaliyev who presented the total forecast of macroeconomic indicators and the draft national budget at the governmental meeting on April 20. The forecast is based on the World Bank’s prognosis that the global economic growth will increase from 1.6 to 5 percent considering the vaccination deployment. Read more...
US-Russia Related News in Russian
◾ Новости недели
СИБУР и ТАИФ Создают Объединенную Компанию

Kommersant.ru, Апрель 23, 2021: Крупнейшие российские нефтехимические компании СИБУР и ТАИФ решили объединить активы. Акционеры татарстанского производителя получат 15% в объединенной компании в обмен на контрольный пакет ТАИФ. В дальнейшем предполагается, что ТАИФ будет полностью консолидирована в рамках СИБУРа. Но сделку еще должны одобрить российские и зарубежные регуляторы. Два российских производителя нефте- и газохимии 22 апреля 2021 года подписали соглашение об объединении нефтегазохимических бизнесов. Читать далее...
НОВАТЭК Предложил Купить у «Газпрома» Месторождения на Ямале

Rbc.ru, Апрель 19, 2021: Глава НОВАТЭКа Леонид Михельсон на встрече с президентом Владимиром Путиным 13 апреля снова поднял вопрос о необходимости передачи месторождений Тамбейского кластера на Ямале НОВАТЭКу, пишет «Коммерсантъ». Два источника РБК в «Газпроме» слышали о том, что на переговорах с главой компании Александром Миллером на прошлой неделе Михельсон предлагал покупку Тамбейской группы месторождений с запасами 7,3 трлн куб. м. Но получил отказ, поскольку эта группа месторождений необходима самому «Газпрому» в качестве ресурсной базы на Ямале. Читать далее...
Новак Оценил Будущие Инвестиции в Российскую Нефтегазохимию в $70 млрд

Tass.ru, Апрель 23, 2021: Инвестиции в российском нефтегазохимическом секторе в ближайшие десятилетия составят около $70 млрд, что позволит создать десятки тысяч рабочих мест. Об этом сказал вице-премьер РФ Александр Новак на церемонии подписания соглашения между "Сибуром" и "Таиф" об объединении своих активов. Нефтегазохимическая отрасль является одной из самых быстрорастущих в мире, сказал Новак. Темпы ее развития не менее чем в 1,5 раза превышают экономический рост в целом. Российская отрасль также имеет потенциал значительного роста, учитывая сырьевую базу в стране и механизмы поддержки в виде обратного акциза. Читать далее...
Проект о Сокращении Выбросов в Атмосферу Прошел Первое Чтение в Госдуме

Ria.ru, Апрель 20, 2021: Госдума на пленарном заседании во вторник приняла в первом чтении законопроект об ограничении выбросов парниковых газов. Президент России Владимир Путин в ноябре прошлого года поручил правительству обеспечить к 2030 году сокращение выбросов парниковых газов до 70% относительно уровня 1990 года и создать стратегию развития РФ с низким уровнем выбросов парниковых газов до 2050 года. Читать далее...
В России Будут Поощрять Компании, Вкладывающие Прибыль в Развитие
1prime.ru, Апрель 21, 2021: Президент РФ Владимир Путин в ходе выступления с посланием Федеральному собранию призвал поощрять компании, которые вкладывают прибыль в развитие, а не направляют ее на выплаты дивидендов. Кроме того, нужно поддерживать настрой бизнеса на создание новых рабочих мест, но частные инвестиции должны быть эффективны, подчеркнул глава РФ. 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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