September 2021 | ISSUE No. 342 | USRCC Business Newsletter
USRCC Upcoming Events
The U.S.-Russia Chamber of Commerce is hosting this Webinar to discuss the long-term challenges facing the global supply chain. Energy, Shipping, Mining and Metals industries’ leaders will share their experiences as to what their respective industries are doing to combat the missing pieces that make the global economy move products smoothly.
  • How to handle supply chain disruptions?
  • How to decrease costs throughout the supply chain?
  • How to meet consumer demands and improve quality, speed and service?
  • What are the advantages of digitalization of supply chain management?
These and other related questions will be covered during this Webinar.

Tuesday, October 5th, 2021

8:00 am – 9:30 am (CST) | 16:00 – 17:30 (MSK)

Registration deadline: COB Monday, October 4th, 2021.

Webinar details will be provided upon registration.
Simultaneous translation is provided during the event.


2900 Wilcrest Drive, Suite 133, Houston, TX 77042 | +1 (713) 429-4680 |

Chief Executive Officer,
The Mercury Group and Mercury Resources LLC;
North East Chapter Chair and 
New York Representative,
U.S.-Russia Chamber of Commerce

To read the full bio click here

President and CEO, 
Rusal America Corporation

To read the full bio click here

Director of Business
Development & Strategy,
Oldendorff Carriers GmbH & Co. KG

To read the full bio click here

Head of Market Development,
London Metal Exchange

To read the full bio
click here


To read the full bio
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
Lukoil Creates Largest Digital Model of Oil Field in Russia, September 22, 2021: ​PJSC LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL's Intelligent Field project. This one-of-a-kind project (in terms of both scale and difficulty) envisages creation of digital twins of over 3 thousand wells and 12 production zones. It covers the entire production chain, from the reservoir to the entry point of the central production facility. Read more...
Shell Signs Agreement to Sell Permian Interest for $9.5 Billion to ConocoPhillips, September 20, 2021: Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. Read more...
API President & CEO Mike Sommers Highlights Role Of Pennsylvania Natural Gas And Oil At Economic Club Of Pittsburgh, September 22, 2021: American Petroleum Institute (API) President and CEO Mike Sommers today spoke to the Economic Club of Pittsburgh where he highlighted the importance of Pennsylvania’s robust natural gas and oil industry to the nation’s efforts to provide affordable, reliable energy while continuing to reduce greenhouse gas emissions. Surrounding Climate Week NYC, Sommers underscored how natural gas and oil should be part of the solution to shaping a lower-carbon future globally. Read more...
LYTT and Baker Hughes Join to Accelerate Digital Transformation in Oil and Gas, September 20, 2021: LYTT, a provider of real-time, sensor-enabled software and analytics, has announced a new collaboration with leading energy technology company Baker Hughes. The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise. 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:
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  
call 713.429.4680
This Week in Review
Budget May Receive 160 bln rbl/yr from Higher Taxes 2022–2024, September 22, 2021: Russia’s federal budget may receive about 160 billion rubles of revenue per year in 2022–2024 thanks to a higher tax burden on producers of metals, coal and fertilizers, Finance Minister Anton Siluanov told reporters late on Tuesday. The ministry plans to reach a compromise with businesses regarding a retrospective hike in the corporate profit tax soon. The measure will apply to companies that spent more on dividends over the last five years than on investment. Read more...
US House Committee Approves Amendment Recommending Sanctions Against Russian Officials, September 23, 2021: The US House of Representatives' Rules Committee on Tuesday approved an amendment to draft defence budget legislation that would recommend sanctions against a broad array of Russian officials. In total, 35 Russian citizens are subject to the proposed sanctions. Read more...
Russia Seeks Measures to Facilitate Decarbonization, September 22, 2021: The Russian government intends to develop a system of support measures, including fiscal ones, to facilitate the introduction of green technologies and emission reduction for businesses, according to the announcement of First Deputy Prime Minister Andrey Belousov. Russian state energy policy is focusing increasingly on ESG as Russia belatedly prepares to tackle the EU carbon tax introduction and other "green" challenges. Read more...
Three Brands of Electric Vehicles Will Start Production in Russia, September 23, 2021: According to Alexander Morozov, deputy director of the Ministry of Industry and Trade, production of three electric vehicle brands – Zetta, Kama-1, and Motorinvest – will commence in Russia over the next two to three years. He stated that Kamaz is considering building a new independent plant in Russia to produce the Kama-1 electric vehicle in 2024-2025, while Zetta is currently being certified. Simultaneously, Lipetsk-based Motorinvest will sign a specific investment contract for the production of electric vehicles at its existing full-cycle plant. Read more...
The Government is Preparing a Russian Version of the Carbon Levy, September 23, 2021: The Russian government has started drafting a national version of the carbon tax, which is an analogue of the mechanism developed in the EU to levy for carbon dioxide emissions into the atmosphere. This was reported by “Vedomosti” with reference to two federal sources, as well as to an interlocutor familiar with the situation. This information was confirmed by a representative of the United Metallurgical Company (OMK). Read more...
Heads of Gazprom, Shell Discuss Situation on European Gas Market, September 22, 2021: Chairman of the Gazprom Management Committee Alexey Miller and Chief Executive Officer of Royal Dutch Shell Ben van Beurden have discussed the situation on the European gas market, as well as the operation of the Sakhalin 2 project, the Russian gas producer said in a statement on Wednesday. Read more...
 Houston-Tyumen Sister Cities
5 of 10 Europe’s Fastest Growing Cities are in Russia, September 23, 2021: Five Russian cities were included in Europe’s Top 10 fastest growing cities - a ranking that was published by Visual Capitalist, based on data from the UN, the European Commission and the Statista agency. The publication notes, however, that European cities are still growing much slower than Asian and African cities. But, there is still some growth and Russia is leading the way. Read more...
CIS Business News
Myasnikovich, Novak Discuss Common Energy Markets in Eurasian Economic Union, Septemer 23, 2021: Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich and Deputy Prime Minister of Russia Alexander Novak have discussed the drafting of international agreements on the establishment of common energy markets in the Eurasian Economic Union (EAEU), BelTA learned from the EEC press service. Read more...
BP to Start Planned Maintenance on Chirag Platform, September 22, 2021: BP, as operator of the Azeri-Chirag-Gunashli (ACG) block of fields, will start planned maintenance (turnaround - TAR) on the Chirag platform, as part of its ACG annual work programme, the company reported in its statement. In accordance with the plan, production from the Chirag platform will be suspended on September 23 for around 25 days to enable efficient maintenance, inspection and project work to be undertaken. Read more...
US-Russia Related News in Russian
◾ Новости недели
В Правительстве Готовят Российский Вариант Углеродного Сбора ЕС, Сентябрь 23, 2021: В правительстве приступили к проектировкам национального варианта углеродного налога – аналогичного разработанному в ЕС механизму сбора за выбросы углекислого газа в атмосферу, сообщили «Ведомостям» два федеральных чиновника, а также собеседник, знакомый с ситуацией. О таких планах правительства знает представитель ОМК. По словам собеседников «Ведомостей», для обсуждения данной инициативы в правительстве в ближайшее время планируют создать рабочие группы с участием представителей бизнеса. Ожидается, что разработка механизма займет 1–1,5 года, пояснил один из чиновников. Читать далее...
Силуанов Объяснил Исключение UC Rusal из-под Действия Новых Налогов, Сентябрь 21, 2021: UC Rusal удалось избежать новых налогов, потому что Минфин не увидел сверхдоходов от повышения цен на алюминий у компании, в отличие от металлургов. Об этом рассказал журналистам министр финансов Антон Силуанов на брифинге во вторник. Читать далее...
Shell Продает Активы в Пермском Бассейне в США ConocoPhillips за $9,5 млрд, Сентябрь 21, 2021: Royal Dutch Shell покидает Пермский нефтегазоносный бассейн (расположен в Техасе и Нью-Мексико). В понедельник, 20 сентября, компания объявила, что продаст все свои активы в регионе американской компании ConocoPhillips. Сделка, оцениваемая в $9,5 млрд, будет полностью оплачена наличными. После ее завершения, намеченного на четвертый квартал 2021 года, Shell потратит $7 млрд на выплаты дивидендов акционерам. Читать далее...
"Газпром нефть" и "Аэрофлот" Договорились о Создании Первого в РФ "Зеленого" Авиатоплива, Сентябрь 23, 2021: "Газпром нефть" и "Аэрофлот" подписали соглашение о совместном создании первого в России производства авиационного топлива с минимальным углеродным следом SAF на основе растительного сырья. Его применение позволяет сократить до 80% выбросов парниковых газов, сообщает нефтяная компания. Читать далее...
Объем Инвестиций в Коммерческую Недвижимость России Вырос на Треть, Сентябрь 23, 2021: Объем инвестиций в коммерческую недвижимость России за девять месяцев 2021 года вырос, по предварительным данным, в сравнении с январем-сентябрем прошлого года на 32% — до 229 миллиардов рублей, говорится в сообщении Knight Frank. В нем указывается, что показатели аналогичного периода допандемийного 2019 года превышены на 29%. 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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