November 2021 | ISSUE No. 351 | USRCC Business Newsletter

Wishing you all the best!
USRCC Upcoming Events
USRCC’s Standardization Conference is a specialized technical conference that addresses common issues and challenges of standardization, certification and conformity assessment. 

USRCC in partnership with the Russian Union of Industrialists and Entrepreneurs (RSPP) and its Committee for Industrial Policy and Technical Regulation, invites you to attend the 4th Standardization Conference to discuss the requirements for the production and certification of hydrogen pipes.
The following questions to be discussed during the Conference:
  • Requirements for hydrogen pipes production;
  • Requirements on special pipes and pipelines for the hydrogen transportation;
  • Hydrogen pipes certification;
  • Existing standards and standards development for hydrogen pipes; and other related questions.
Tuesday, December 14th, 2021
9:00 am– 10:30 am CST (Houston) | 18:00 – 19:30 (Moscow)
Cost: complimentary
Simultaneous translation into Russian language is included.

Registration deadline: COB Monday, December 13th, 2021.
Webinar details will be provided upon registration.


Deputy Co-Chairman,
Russian Union of Industrialists and Entrepreneurs, 
Committee of Industrial Policy
and Technical Regulation

To read the full bio click here

Senior Director,
Standards Development, 
American Petroleum Institute 

To read the full bio
click here

Derivative Programs, 
Conformity Assessment, 

To read the full bio
click here

Managing Director, 
Engineering Programs, 
USRCC Partner Event
Back in the U.S. for the first time in over 30 years, the 23rd World Petroleum Congress makes its return to the energy capital with participation from renowned global industry leaders, ministers, and expert speakers. Make your mark at the Congress and be part of the beginning of what’s next. 

Receive Access to the:
–Technical and Strategic Program
– Exhibition Floor
– Opening Ceremony
– Houston, USA Night
– Exclusive Alex Epstein and Robert Bryce 
meet and greet (Limited space available)
USRCC Partner Event

February 11, 2022

After a year's pause, New York's premier Russian-American event of the social calendar is back.
Join us at the 56th Petroushka Ball to celebrate in-person and dance the night away on February 11, 2022 at The Plaza Hotel in NYC
Proof of COVID-19 vaccination is required for all who are present at the event.
Reception, Dinner & Entertainment, Dancing
Dress Code: Strictly White or Black Tie, Long Ball Gowns
All net proceeds from the 56th Petroushka Ball will be directed towards the Russian Children's Welfare Society (RCWS) charitable programs. Founded in 1926, the RCWS is a 501 c 3 non-profit organization dedicated to improving the lives of children at risk in Russia.
To learn more visit
For further details, please visit the event page, contact RCWS at 212-473-6263 or

Thank you for your support! 
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 to Acquire Energy Retailer, Powershop Australia, November 22, 2021: The transaction will take place through the 100% acquisition of Meridian Energy Australia Group (“MEA”), the parent company of Powershop, by a consortium of Shell and Infrastructure Capital Group (ICG), an Australian infrastructure investor and manager. Under the terms of the deal, Shell will acquire Powershop and ICG will acquire MEA’s portfolio of renewable generation assets and development projects. Read more...
Gazprom Planning to Engage in Pilot Hydrogen Energy Projects Based in Russia, November 23, 2021: The Gazprom Board of Directors took note of the information about the development of hydrogen production in the Russian Federation and its potential uses. It was highlighted that the development of hydrogen energy in Russia is essential both for the decarbonization of the domestic industry and for exports to the global hydrogen market. This line of activity is becoming increasingly relevant in the context of the climate agenda in the global economy and energy sector. Read more...
LUKOIL’s Gas Production at Its Uzbekistan Projects Reaches One Hundred Billion Cubic Metres, November 24, 2021: The cumulative natural gas production reached 100 bcm at the projects implemented by LUKOIL in Uzbekistan since 2004. This mark became a notable achievement on the eve of LUKOIL's 30th anniversary. The bulk of this gas (over 70%) was extracted at the Kandym-Khauzak-Shady fields in the Bukhara region. In 2008, the Khauzak-Shady field reached its projected production rate of four bcm per year. In 2017, LUKOIL commissioned the Kandym Gas Processing Complex with the annual capacity of 8.1 bcm of gas per year. The complex is designed to convert sulphurous gas into marketable gas, stable gas condensate, and block sulphur. Read more...
USRCC Announcement

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
Russian Metallurgical Giants See Growing Demand for Low-carbon Metals, November 22, 2021: Metals demand is booming as increased use in transport products and energy transition projects to curb climate change begin to roll out in larger scale. And that is unlikely to stop anytime soon, according to a panel discussion hosted by the Moscow Exchange (MOEX). Nornickel, one of the world largest producers of nickel platinum and copper, estimates that by 2030, the market will require an additional 1 million tonnes of nickel per year. Read more...
Russia to Introduce Simplified Tax Payment System for SMEs in 2022, November 21, 2021: Russia is to launch a pilot scheme Automated Taxation System (ATS) next year, according to in Prime Minister Mikhail Mishustin. This a variant of the existing Simplified Taxation System (STS) and is designed to reduce the administrative burden in calculating and paying taxes by microbusinesses and SMEs in Russia. Read more...
Lukoil on the Money in Mexico with New Oil Discovery, November 24, 2021: Russian oil and gas firm Lukoil has made an oil discovery within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels. Read more...
Russia’s Oil Reserves are Becoming Increasingly Hard to Recover, November 24, 2021: Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister Pavel Sorokin said on Wednesday. “Almost 100% of our production will be hard to recover over the term of ten years,” Sorokin said, as quoted by Russian news agency TASS. Read more...
CBR Expects Disclosure of Greenhouse Gas Emissions to Become Obligatory, November 25, 2021: Disclosure of information about greenhouse gas emissions by companies will gradually become obligatory, the head of corporate relations development at the Central Bank of Russia (CBR), Andrei Yakushin said. "Under the law on restriction of greenhouse gas emissions, a number of emitters of greenhouse gas are already required to send their reports to the registry [of greenhouse gas emissions]. Gradually, this will probably encompass all Russian companies," Yakushin said at a RAEX-Europe and AID webinar on sustainable development reporting. Read more...
Russia Needs to Invest up to $54 bln a Year to Reduce Carbon Footprint - Cenbank, November 25, 2021: Russia's plan to reduce its carbon footprint by 2050 will require investments of between 1 trillion roubles and 4 trillion roubles a year ($13.4 billion to $53.6 billion), the central bank said on Thursday. Climate change poses a serious challenge for Russia, whose economy relies heavily on oil and gas production, as well as mining. Read more...
US Business Asks Washington to Approve Sputnik V Vaccination Certificates — Report, November 26, 2021: The American Chamber of Commerce in Russia contacted the US authorities asking to recognize certificates of vaccination with the Sputnik V vaccine, the Chamber’s President Alexis Rodzianko told Izvestiya. Read more...
CIS Business News
The 4th Kazakhstan Global Investment Roundtable to Unveil Blueprint for Global Economic Transformation, November 26, 2021: Government officials, foreign business people, investors and experts will gather to discuss global economic transformation at the fourth Kazakhstan Global Investment Roundtable to be held Dec. 7 in an online format, Kazakh Invest national company announced on Wednesday. Read more...
Central Banks of Belarus, Russia Discuss Implementation of Monetary Policy, Union Programs, November 26, 2021: Topical matters concerning bilateral cooperation were discussed at a session of the interbank currency council of the National Bank of the Republic of Belarus and the Central Bank of the Russian Federation in Moscow. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur, Governor of the Bank of Russia Elvira Nabiullina, and other representatives of Belarus' and Russia's central banks took part in the session. Read more...
Azerbaijan, Russia Eye Development of Bilateral Ties, November 25, 2021: Azerbaijani State Committee on Work with Diaspora Chairman Fuad Muradov and Russian President Special Representative on International Cultural Cooperation Mikhail Shvydkoy have discussed the development of bilateral ties. Read more...
US-Russia Related News in Russian
◾ Новости недели
ЦБ: Финансовая Система РФ Стабильна и Даже при Ухудшения Условий Выполнит Свои Функции, Ноябрь 25, 2021: Российская финансовая система достаточно стабильна и сможет выполнять свои функции даже в случае ухудшения условий, следует из "Обзора финансовой стабильности" Банка России. По данным ЦБ, способности противостоять возможным внешним и внутренним шокам содействует наличие буферов, включая значительный объем международных резервов у Банка России, низкий государственный долг, существенные запасы капитала и прибыль банковского сектора. Читать далее...
Объем Инвестпрограммы «Газпрома» на 2022 Год Составит 1,758 трлн Рублей, Ноябрь 25, 2021: Правление «Газпрома» одобрило проекты инвестиционной программы и бюджета на 2022 год. Объем заимствований «Газпрома» составит 272,789 млрд руб. Общий объем освоения инвестиций на 2022 год составит 1757,7 млрд руб. Читать далее...
«Роснефть» Начала Строительство Системы Транспортировки Нефти для «Восток ойла», Ноябрь 25, 2021: «Роснефть» приступила к строительству нефтепровода в рамках проекта «Восток ойл», сообщила компания 25 ноября. Трубопровод протяженностью более 770 км соединит месторождения Ванкорского (Красноярский край) и Пайяхского (Таймыр) кластеров со строящимся нефтеналивным терминалом в порту «Бухта Север» (северо-западное побережье Таймыра. – «Ведомости»), уточняется в релизе. Читать далее...
Глава "ЛУКОЙЛа" Спрогнозировал, что Нефть Будет Востребована Еще Долго, Ноябрь 25, 2021: "ЛУКОЙЛ" работает над снижением углеродного следа от своей деятельности, но при этом наращивает добычу, так как нефть, по мнению руководства компании, еще долго будет востребована. Читать далее...
Производство СПГ в России Снизилось за 10 Месяцев, Ноябрь 24, 2021: Объем производства сжиженного природного газа (СПГ) в России за десять месяцев текущего года составил 24,3 миллиона тонн, снизившись на 2,3% к аналогичному периоду прошлого года, сообщает Росстат. "Сжиженного природного газа (СПГ) в октябре произведено 2,8 миллиона тонн, что на 12% больше, чем в октябре 2020 года, и на 8,5% больше, чем в сентябре 2021 года. За десять месяцев 2021 года произведено 24,3 миллиона тонн СПГ, что на 2,3% меньше, чем в январе – октябре 2020 года", — отмечает ведомство. Читать далее...
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U.S.-Russia Chamber of Commerce
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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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