January 2022 | ISSUE No. 357 | 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 www.rcws.org
For further details, please visit the event page, contact RCWS at 212-473-6263 or main@rcws.org.

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
ExxonMobil Makes Two Discoveries Offshore Guyana

Corporate.exxonmobil.com, January 5, 2022: ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field. Read more...
Hotaling Insurance Services Announces Partnership with Enhanced Funding Solutions

Hotalinginsurance.com, January 4, 2022: Hotaling Insurance Services, a risk management family office, announced today that it has partnered with Enhance Funding Solutions, a premium finance firm, for all its premium financing life insurance needs. The exclusive new partnership will allow Hotaling Insurance Services to leverage Enhanced Funding Solutions’ proprietary premium financing designs and banking relationships to provide its high net-worth clientele with the most advanced insurance strategies on the market. Read more...
Alexey Miller: 2021 Was Gazprom’s Record-breaking Year

Gazprom.com, January 2, 2022: We have received the operational data on the Company's performance in the year 2021. For Gazprom, it was a record-breaking year. In 2021, we produced 514.8 billion cubic meters of gas. This is the best result in the last 13 years. It topped the 2020 result by 62.2 billion cubic meters. The growth in Gazprom's production covered the lion's share of global gas consumption growth in 2021. 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 info@usrussiacc.org  
call 713.429.4680
This Week in Review
Gazprom Neft: Establishes a New Production Centre in the North of the Yamalo-Nenets Autonomous Okrug

Rogtecmagazine.com, January 3, 2022: Gazprom Neft has commissioned oil production infrastructure at its Pestsovoye and En-Yakhinskoye fields in the Yamalo-Nenets Autonomous Okrug. Production volumes here expected to exceed 6.3 million tonnes of oil equivalent (mtoe) as early as next year. Oil-rim deposits at these two fields from part of the company’s new oil production centre in the Arctic. Read more...
Spread of New COVID-19 Variant Has No Impact on Oil Market Yet — Russian Deputy PM

Tass.com, January 4, 2022: The new coronavirus variant Omicron is not currently affecting demand for oil due to the lower hospitalization rate, so the OPEC+ countries decided not to change the deal parameters approved earlier, Russian Deputy prime Minister Alexander Novak said in a televised interview with Rossiya-24 news channel on Tuesday. Read more...
Putin: Nord Stream 2 Is Loaded With Gas And Ready To Deliver

Oilprice.com, December 30, 2021: On Wednesday Russian President Vladimir Putin declared that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports, amid a continued hold-up in regulatory approval on the German side. Hailing the completion of the $11 billion natural gas pipeline which the US had long worked to block, Putin told a government meeting which was attended by Gazprom head Alexei Miller, "I’d like to congratulate Gazprom and your partners in Nord Stream 2 on the completion of work and the creation of this additional large trunk-route and that it is ready for work," according to Reuters. Read more...
Russia’s Business Owners Fear Kremlin Pressure Set to Tighten

Themoscowtimes.com, January 6, 2022: Russia’s businesses had a record-breaking 2021, yet frustration among owners remains high, optimism for the future is in short supply and fears of Kremlin intervention are growing. Corporate revenues have risen by at least a third during 2021, and turnovers at large and medium sized businesses are set to hit their highest levels ever this year. At the same time, for the third consecutive year 87% of CEOs say doing business in Russia is difficult, according to a recent survey of corporate leaders by consultants PwC. Read more...
Russia’s Reserves Ended 2021 at an All-time High of $630.5bn

Intellinews.com, January 3, 2022: Russia’s gross international reserves (GIR) ended 2021 at an all-time high of $630.5bn, reports the Central Bank of Russia (CBR). Russia has been storing up cash as a way of insuring itself against sanctions. Reserves rose by $33.1bn over the course of 2021, starting from $597.4bn as of January 1, 2021, and now account for 38% of the 2021 GDP – the fourth-largest reserves in the world. Read more...
Russia’s Weak December Oil Production Signals Lack of Capacity

Worldoil.com, January 2, 2022: Russia failed to boost oil output last month despite a generous ramp-up quota in its OPEC+ agreement, indicating the country has deployed all of its current available production capacity. Russian companies pumped 46.11 million tons of crude oil and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equates to 10.903 million barrels a day -- based on a 7.33 barrel-per-ton conversion rate -- and is flat to November. Read more...
CIS Business News
Belarus Reduces Export Duties on Oil, Oil Products

Eng.belta.by, January 3, 2022: On 1 January 2022 Belarus reduced export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU) in line with the Council of Ministers' resolution No.758 of 27 December 2021, BelTA learned from the national legal information registry. Read more...
Azerbaijan Registers Another Affiliate of Russian Lukoil

Azernews.az, January 5, 2022: The representative office of Russian Lukoil PJSC - Lukoil Absheron Exploration Limited has been registered in Azerbaijan, Trend reports referring to the State Tax Service. The affiliate company was registered at the same legal address as another subsidiary of Lukoil-Azerbaijan PJSC, in the Sabail district of Baku. Read more...
Kazakhstan Begins Chairmanship of the Commonwealth of Independent States

Russia-briefing.com, January 4, 2022: Kazakhstan is the new Chair of the Commonwealth of Independent States (CIS) from January 1 2022, having taken over this year from Belarus, which led the organization during its 30th anniversary. The CIS has established itself as a full-fledged political organization, and Minsk was able to keep it running as a platform of opportunities despite the pandemic and the political ups and downs separate member countries faced. Kazakhstan’s capital city, Nur-Sultan is set to continue the steady development of the CIS as a regional group. Read more...
US-Russia Related News in Russian
◾ Новости недели
Москва Вошла в Топ-3 Мегаполисов Мира по Объему ВВП по Паритету Покупательной Способности

Tass.ru, Январь 6, 2022: Москва в 2020 году стала третьей среди городов мира по объему валового внутреннего продукта (ВВП) по паритету покупательной способности. Этот показатель преодолел отметку в $1 трлн, сообщил в четверг журналистам заместитель мэра столицы по вопросам экономической политики и имущественно-земельных отношений Владимир Ефимов. Читать далее...
МИД России Не Исключил Новых Мер США Против «Северного потока-2»

Kommersant.ru, Январь 3, 2022: Процесс сертификации газопровода «Северный поток-2» может растянуться до лета, заявил замглавы МИД РФ Александр Панкин. Он не исключил, что США введут новые меры против российского трубопровода.
«Регламенты процедуры таковы, что они позволяют даже не то чтобы затянуть (процесс сертификации.— "Ъ"), а именно, производить это рассмотрение в первой, второй условно инстанции, растянув его многие месяцы»,— пояснил «РИА Новости» господин Панкин. Читать далее...
Россия Восстановит Добычу Нефти на 85 Процентов от Ограничений ОПЕК+

Ria.ru, Январь 4, 2022: Россия в рамках сделки ОПЕК+ к февралю восстановит добычу нефти на 85 процентов от уровня максимальных ограничений в мае-июне 2020 года, сообщил вице-премьер Александр Новак. Во вторник члены альянса договорились в следующем месяце вновь нарастить объемы на плановые 400 тысяч баррелей в сутки. Читать далее...
Сенат США Изменил Планы Насчет Санкций Против «Северного потока – 2»

Iz.ru, Январь 6, 2022: Сенаторы конгресса США заявили о нежелании мешать переговорам американского лидера Джо Байдена с президентом России Владимиром Путиным, поэтому предложенный республиканцем Тедом Крузом законопроект о санкциях в отношении газопровода «Северный поток – 2» утвержден не будет. Об этом сообщило издание Politico со ссылкой на сенаторов. Читать далее...
"Газпром" в 2021 Году Экспортировал в Дальнее Зарубежье 185,1 млрд куб. м газа

Interfax.ru, Январь 2, 2022: "Газпром" в 2021 году экспортировал в дальнее зарубежье 185,1 млрд куб. м газа - на 5,8 млрд куб. м больше, чем в 2020 году, заявил в воскресенье председатель правления концерна Алексей Миллер. По его словам, в декабре 2021 года поставки упали на 33% по отношению к декабрю 2020 года - до 13,6 млрд куб. м. В ноябре и октябре снижение было на 25%, в сентябре на 12%. Читать далее...
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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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