October 2021 | ISSUE No. 343 | 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
info@usrussiacc.org | www.usrussiacc.org

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
Baker Hughes and Primus Line Collaborate on Non-Metallic Composite Pipe Applications to Rehabilitate and Repurpose Existing Pipelines

Bakerhughes.com, September 29, 2021: ​Baker Hughes, a global energy technology company, has signed a memorandum of understanding (MoU) with Primus Line to collaborate on non-metallic pipe applications to rehabilitate and repurpose existing pressure pipelines, offering our combined customer base more cost-effective options for pipeline repair and replacement, as well as the repurposing of existing pipeline networks for hydrogen and CO2 transportation. Read more...
Sulzer Enabling Production of 70’000 Tonnes of Biomass Pellets Per Year – a Carbon-Neutral Alternative to Coal

Sulzer.com/en, September 27, 2021: The innovative EU-funded Arbaflame project is aiming to produce 70’000 tonnes biomass-based combustibles per year to enable clean power generation. The biomass pellets are made of wood and can be used as a 100% sustainable alternative to coal in power plants to produce carbon-neutral power. Sulzer Chemtech’s separation equipment will play a key role in Arbaflame’s pellet production process, minimizing energy usage while maximizing the recovery of highly useful chemicals generated as by-products in the process, further supporting the circular economy. Read more...
ExxonMobil and Rosneft to Cooperate in Carbon Management

Corporate.exxonmobil.com, September 29, 2021: ExxonMobil and Rosneft have signed a Memorandum of Understanding to cooperate on the assessment of lower-carbon technologies to reduce greenhouse gas emissions from their operations. The companies will consider the prospects of new projects initially focused on carbon capture and storage (CCS) and the development of lower-carbon fuels, such as hydrogen and ammonia. Read more...
Equinor and Rosneft Partner Up to Develop Low Carbon Solutions

Energyvoice.com, September 29, 2021: Norwegian energy giant Equinor has partnered up with Moscow-headquartered Rosneft to develop low carbon solutions. The agreement to collaborate in carbon management builds on the two companies’ strategic partnership in Russia. 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
Income Taxes for Foreigners Investing in Russian Stocks May Be Reduced from 30% To 13%

Russia-briefing.com, October 1, 2021: Income Tax rates from investments in Russia’s stock market by foreign nationals can be reduced from the current 30% to 13%, according to Ivan Chebeskov, Director of the Financial Policy Department of the Ministry of Finance in comments made to Izvestia. Chebeskov stated that in order to increase the attractiveness of Russian stocks, the simplification of access for non-residents is being considered. Read more...
Russia Preparing to Implement Projects to Reduce Greenhouse Gas Emissions - Reshetnikov

Interfax.com, September 27, 2021: The system of standards to permit implementing green projects in Russia has practically been formed, and the federal law on greenhouse gas emissions is to be amended accordingly, Economic Development Minister Maxim Reshetnikov said on Monday during a meeting with the Sakhalin Region government regarding the climate experiment intended to be conducted in the region. Read more...
Russia’s Manufacturing PMI Renews Expansion in Output as Demand Conditions Stabilise

Intellinews.com, October 1, 2021: Russia’s headline seasonally adjusted IHS Markit Russia Manufacturing PMI improved to 49.8 in September, up from 46.5 in August, signalling only a fractional deterioration in the health of the Russian manufacturing sector. The downturn was the slowest in the current four-month sequence of decline. Any result below the no-change mark of 50 is a contraction. Read more...
EIA: Russia’s Oil, Oil Product Exports to US Fall 7.2% in July

1prime.biz, October 1, 2021: Russia’s exports of oil and oil products to the U.S. fell by 7.2% on the month to 23.595 million barrels in July, dropping one notch to become the third largest exporter as seen by PRIME late on Thursday in the materials of the Energy Information Administration (EIA). Read more...
USA Adds 9 More Rigs

Rigzone.com, September 27, 2021: The U.S. added nine rigs week on week, according to the latest rotary rig count from Baker Hughes, which was released on September 24. The total rig count in the U.S., which also added nine rigs week on week in Baker Hughes’ previous rotary rig count, now stands at 521, with 421 oil rigs, 99 gas rigs and one miscellaneous rig. Read more...
Arctic Zone’s Residents Plan Investments at $3.7 Billion

Tass.com, September 29, 2021: The amount of announced investments by residents of the Russian Arctic Zone is 277 billion rubles ($3.7 billion), Vice President of the Corporation for Development of the Far East and Arctic Vitaly Simonenko told the 3rd Northern Sustainable Development Forum. Read more...
 Houston-Tyumen Sister Cities
Tyumen State University to Set Up a Top-notch Center for Genetic Technologies

Tass.com, September 30, 2021: Two new research laboratories will be set up at Tyumen State University to work on a regenerative agriculture project as part of the federal scientific and technical program for the development of genetic technologies for 2019-2027. New educational programs for students and new profiles in graduate school will be developed as well, the press service of the university said on Thursday. Read more...
CIS Business News
Belarus, Uzbekistan Discuss Promising Projects in Manufacturing

Eng.belta.by, Septemer 30, 2021: Belarus-Uzbekistan cooperation in mechanical engineering and machine tool industry holds a lot of promise, the press service of the Economy Ministry of Belarus told BelTA. On 30 September Belarus' Deputy Economy Minister Dmitry Yaroshevich met with Deputy Minister of Economic Development and Poverty Reduction of Uzbekistan Bobur Abdinazarov. Read more...
Azerbaijani Businesses Invited to Join Online Exhibition of Russian-made Goods

Azernews.az, September 28, 2021: Russia has invited Azerbaijani businesses to participate in the opening ceremony of the first online exhibition of Russian goods and services (Russian On-Line Tradeshow), Ruslan Mirsayapov, Trade Representative of Russia in Azerbaijan, told Trend. According to the trade representative, the Russian Export Center (REC) will provide the Azerbaijani partners of the companies participating in the exhibition with all available tools of financial and non-financial support for the REC. Read more...
Kazakhstan to Start Developing New Offshore Oilfield — President

Tass.com, Septemer 30, 2021: Kazakhstan will initiate development of the Kalamkas More offshore oilfield in partnership with the Russian oil major Lukoil, President of Kazakhstan Kassym-Jomart Tokayev said at the plenary session of the 17th Interregional Cooperation Forum of Kazakhstan and Russia held online. Read more...
US-Russia Related News in Russian
◾ Новости недели
«Лукойл» Войдет в Разведочный Проект на Азербайджанском Шельфе Каспия​

Vedomosti.ru, Сентябрь 29, 2021: «Лукойл» подписал соглашение с нефтекомпанией BP о приобретении 25% в геологоразведочном проекте SWAP (Shallow Water Absheron Peninsula) в азербайджанском секторе Каспийского моря, сообщила российская компания 29 сентября. Закрытие сделки ожидается до конца 2021 г. после получения одобрения правительства Азербайджана, ее сумма не раскрывается. Читать далее...
Аналитики Bank of America Допустили Рост Цен на Нефть Выше $100

Rbc.ru, Октябрь 1, 2021: Энергетический кризис может спровоцировать рост цен на нефть до уровня более $100 за баррель и привести к мировому экономическому кризису. Такой прогноз дали аналитики Bank of America, пишет Bloomberg. До такой отметки цены на нефть не поднимались с 2014 года. При этом стоимость газа выросла почти вдвое и дошла до уровня, эквивалентного цене барреля нефти $190, пишет агентство. Читать далее...
Новак: Объем Экспорта Водорода из России Может Составить до 50 млн Тонн к 2050 году

Kommersant.ru, Октябрь 1, 2021: Объемы экспорта водорода из России могут составить до 200 тыс. т в 2024 году, 2–12 млн т в 2035 году и 15–50 млн т в 2050 году. Такой прогноз сделал вице-премьер России Александр Новак на первом заседании межведомственной рабочей группы по развитию водородной энергетики. Читать далее...
Россия Войдет в Топ-25 Финансовых Центров в Мире к 2030 Году

Tass.ru, Сентябрь 30, 2021: Россия к 2030 году должна будет войти в топ-25 мировых финансовых центров. Такой эффект ожидается от реализации ведомственного проекта "Развитие финансового рынка, регулирование деятельности финансовых институтов и субъектов финансового рынка", следует из материалов к законопроекту "О федеральном бюджете на 2022 год и на плановый период 2023 и 2024 годов". Читать далее...
"Роснефть" и Equinor Будут Сотрудничать в Сфере Углеродного Менеджмента

Interfax.ru, Сентябрь 29, 2021: НК "Роснефть" сообщила, что подписала с норвежской Equinor соглашение о сотрудничестве в области углеродного менеджмента, сообщила российская НК. "Компании оценят потенциал применения на совместных проектах технологий и оборудования для обнаружения, измерения и сокращения эмиссии парниковых газов, прежде всего метановых выбросов, а также будут стремиться достичь нулевого рутинного сжигания попутного газа к 2030 году", - говорится в пресс-релизе. 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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