December 2021 | ISSUE No. 355 | USRCC Business Newsletter
USRCC Partner Event

February 11, 2022

After a year's pause, New York's premier Russian-American event of the social calendar is back.
The USRCC as an official partner of 56th Petroushka Ball invites you to join the event 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 Partner Event
St. Petersburg International Economic Forum (SPIEF)
The St. Petersburg International Economic Forum (SPIEF) is a unique event in the world of business and economics. SPIEF has been held since 1997, and since 2006, it has been held under the auspices of the President of the Russian Federation, who has also attended each event.
Over the last 24 years, the Forum has become a leading global platform for members of the business community to meet and discuss the key economic issues facing Russia, emerging markets, and the world as a whole.
The 25th St. Petersburg International Economic Forum is set to take place on 15–18 June 2022. As in previous years, the business program will focus on the global and Russian economies, social issues, and technological development.
The Forum will be held in strict accordance with health and safety measures to prevent the spread of COVID-19, carefully drawn up by the Organizing Committee in line with the WHO recommendations. SPIEF 2022 will provide a full range of services to enable participants to effectively nurture and expand their business network and enjoy safe, productive participation, including in an enriching cultural and sporting program.

More information on the upcoming SPIEF 2022 is available 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
Shell Signs Gas Concession Agreement for Block 10 in Oman, December 21, 2021: Shell Integrated Gas Oman BV, a subsidiary of Royal Dutch Shell plc, along with its partners, OQ and Marsa Liquefied Natural Gas LLC (a joint venture between TotalEnergies and OQ), have signed a concession agreement with the Ministry of Energy and Minerals on behalf of the government of the Sultanate of Oman to develop and produce natural gas from Block 10. The parties also signed a separate gas sales agreement for gas produced from the block. The two agreements follow an interim upstream agreement signed in February 2019. Read more...
LUKOIL and Rusatom Overseas Reach Agreement to Study Project of Green Hydrogen Production for Romanian Petrotel-LUKOIL S.A. Refinery, December 23, 2021: PJSC LUKOIL and Rusatom Overseas JSC (part of the ROSATOM Group) signed a memorandum of intent on the development of cooperation regarding production and supply of green hydrogen for PETROTEL-LUKOIL S.A. refinery located in the city of Ploesti, Romania. The parties plan to study opportunities for construction of a green hydrogen production unit at the refinery, thus reducing CO2 emissions, as well as to look into the issue of obtaining government support for the project at both national and European levels. Read more...
Baker Hughes and CAUSEWAYGT to Collaborate on Geothermal Energy Projects and Technology Development, December 21, 2021: CAUSEWAYGT, a renewable energy company founded in the Republic of Ireland, and Baker Hughes have signed a Memorandum of Understanding ("MOU") to collaborate on geothermal projects and technology development designed to deliver low carbon heating and cooling for commercial and industrial facilities and processes. The companies’ work will be initially focused in the Republic of Ireland and the U.K. Read more...
Gazprom Transfers License for Vaneyvisskoye and Layavozhskoye Fields to its Joint Venture with LUKOIL, December 22, 2021: A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place today in St. Petersburg. The parties discussed relevant issues pertaining to their cooperation. Particular attention was paid to the progress and prospects of development operations at the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area. 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
Gazprom Neft and AIQ will Jointly Develop Digital Technologies in the Oil and Gas Industry, December 22, 2021: Gazprom Neft and AIQ (a joint venture between ADNOC and Group 42) have agreed to cooperate in the creation and commercialization of digital solutions for the fuel and energy complex. The Memorandum of Understanding was signed by Gazprom Neft Technological Development Director Alexei Vashkevich and AIQ CEO Omar Al Marzouki. Read more...
Rosneft Approves New Strategy as Step Toward 2050 Net Zero Emissions, December 21, 2021: Russia’s largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net zero emissions by 2050, earlier than President Vladimir Putin’s deadline. Climate scientists have said the balance between the greenhouse gases we emit and those removed from the atmosphere must be zero by 2050 to prevent catastrophic levels of global warming. Read more...
Shell Considers Russia Important Region of Presence in Energy Transition Period, December 22, 2021: Shell considers it important to keep its oil and gas assets in Russia in the period of energy transition as the consumption of traditional energy resources globally will be rising in coming decades, Country Chair Shell Russia Ekaterina Grushetskaya said in an interview with TASS. Read more...
Putin: Russia’s GDP Should Increase by 4.5% in 2021, December 23, 2021: Russia’s gross domestic product (GDP) should rise by 4.5% in 2021, President Vladimir Putin said on Thursday during an annual news conference. Russia’s inflation should amount to 8% this year, and the foreign trade surplus should almost double to U.S. $184 billion from $94 billion in 2020. In addition to that, unemployment has decreased to 4.3–4.4%, lower than it was before the pandemic, he said. Read more...
Oil Prices Rise as API Confirms Crude Inventory Draw, December 21, 2021: This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.670 million barrels. U.S. crude inventories have shed some 65 million barrels since the beginning of the year. Analyst expectations for the week were for a smaller draw of 2.633 million barrels for the week. Read more...
Russian Industry Could Achieve Carbon Neutrality Before 2060, Possibly in 2050 - Manturov, December 21, 2021: The Russian Industry and Trade Ministry expects that industry will be able to achieve carbon neutrality prior to 2060, perhaps in 2050, head of the ministry Denis Manturov said during a plenary session of the State Duma. Read more...
CIS Business News
Foreign Direct Investments in National Economy Hit $60bn, December 21, 2021: Export and Investment Promotion Foundation Acting Head Yusif Abdullayev has said that the foreign direct investments in Azerbaijan's economy amounted to about $60 billion in the past few years, Trend has reported. Foreign direct investments totaled about $580 million in the first nine months of 2021 and this is several times more compared to the corresponding period of 2020, he said. Read more...
PA Approves Draft Budget of Belarus-Russia Union State for 2022, December 23, 2021: The Parliamentary Assembly of the Union State of Belarus and Russia adopted the draft budget of the Union State for 2022. The document passed the second meeting at the 61st session of the Parliamentary Assembly in Moscow on 23 December, BelTA has learned. Revenues of the 2022 Union State budget have been approved at RUB4,598.9 billion. Major revenues will be made of the annual contributions of Belarus (RUB1,534.5 billion) and Russia (RUB2,850.3 billion). Read more...
Kazakhstan’s Business Ombudsperson Office to Revise Outdated Regulatory Policies Until 2024, December 23, 2021: Kazakhstan’s Commissioner for the Protection of the Rights of Entrepreneurs Rustem Zhursunov said his office will revise outdated regulatory approaches in the next two years during his meeting with President Kassym-Jomart Tokayev on Dec. 22, reports the Akorda press service. He also spoke about the institute’s work to support entrepreneurs amid the pandemic. Read more...
US-Russia Related News in Russian
◾ Новости недели
В Татарстане Планируют Построить Международный Транспортный Хаб за 1,5 Млрд Рублей, Декабрь 23, 2021: Терминально-логистический и перегрузочный комплекс для обслуживания контейнерных грузоперевозок может появиться в Татарстане. Инвестиции в проект оцениваются в 1,5 млрд рублей, сообщила в четверг пресс-служба уполномоченного при президенте Татарстана по защите прав предпринимателей. Читать далее...
Российская Авиакомпания Впервые Выполнила Рейс на Биотопливе, Декабрь 22, 2021: Авиакомпания S7 первой в России выполнила рейс на альтернативном топливе. Ее самолет совершил полет из Тулузы в Москву. Лайнер был заправлен смесью SAF (sustainable aviation fuel), в которой 10% биотоплива. Рейс выполнил самолет Airbus модификации NEO. Он благополучно приземлился в Домодедово. Использованная при полете смесь SAF состоит из органических соединений и классического авиационного топлива. Читать далее...
Крупный Бизнес Предложил не Вводить Квоты на Выбросы Парниковых Газов, Декабрь 22, 2021: Бизнес резко раскритиковал правительственный законопроект о проведении в России эксперимента по ограничению выбросов парниковых газов. Российский союз промышленников и предпринимателей (РСПП; лобби крупного бизнеса) предложил доработать документ, письмо с критикой проекта глава РСПП Александр Шохин направил помощнику президента РФ – начальнику государственно-правового управления президента Ларисе Брычевой. Читать далее...
Подводные Камни Санкций США для Российского Бизнеса, Ноябрь 29, 2021: Бизнес в сфере международной торговли всегда находится под влиянием геополитики, а в условиях текущих натянутых отношений между Россией и Соединенными Штатами Америки, американское правительство уделяет более пристальное внимание российским предприятиям, занимающимся импортом и экспортом товаров и технологий. Соответственно, компании, расположенные в России, или компании, тесно связанные с российским бизнесом, должны обеспечить постоянное соблюдение законодательства США по вопросам торговли и экспорта, а также избегать потенциально серьезных последствий санкций и экспортного контроля, введенных Соединенными Штатами Америки в отношении российского рынка. Читать далее...
Прирост Запасов Нефти РФ в 2020 Году Стал Рекордным за 10 Лет, Декабрь 22, 2021: Прирост запасов нефти РФ в 2020 году стал рекордным за последнее десятилетие в связи увеличением объемов геологоразведочных работ, следует из данных государственного доклада "О состоянии и использовании минерально-сырьевых ресурсов РФ в 2020 году", подготовленного Минприроды. 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.

Copyright 2017. All Rights Reserved.