January 2022 | ISSUE No. 358 | USRCC Business Newsletter
USRCC Partner Event
POSTPONED to February 3, 2023

The Plaza Hotel, NYC

Due to rising COVID cases in New York City and the Omicron variant's extremely high transmission rate, the 56th Petroushka Ball will no longer take place on February 11, 2022. The new date is February 3, 2023.

Petroushka Ball Committee had to adapt their plans to ensure the well-being, health and safety of all involved and looks forward to your support of the Russian Children's Welfare Society (RCWS) and hopes to meet all at the 2023 Petroushka Ball.
If you purchased tickets for the 56th Petroushka Ball, please contact the RCWS at main@rcws.org.
Please email main@rcws.org with the subject line “Transfer Tickets” and provide the instructions by January 15, 2022. We will email you a confirmation of your reservation for February 3, 2023.
By donating the value of your tickets to the Russian Children’s Welfare Society (RCWS) as a tax-deductible contribution, it will support the Society’s charitable programs assisting children at risk in Russia. Please email main@rcws.org by January 15, 2022 with “Donate My Tickets” in the subject line and provide your name, total amount and/or a copy of the Eventbrite order in the body of the email.

We will automatically be refunding all orders that have not been transferred or donated between January 17 - January 21, 2022. The value of your tickets, including the Eventbrite fee, will be refunded to your original form of payment for all credit card purchases.       
If you purchased tickets via phone or submitted the 2022 Petroushka Ball sponsorship form by email/fax to RCWS with your credit card information, please email main@rcws.org by January 15th with instructions to arrange for the above option(s).
Thank you for your patience, understanding and continued 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 Expands Interest in Biofuels, Acquires Stake in Biojet AS

Corporate.exxonmobil.com, January 11, 2022: ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. Read more...
Sulzer Expands Clean Water Pump Portfolio

Sulzer.com/en, January 11, 2022: Global flow equipment specialist Sulzer has extended its portfolio of clean water pumps with the launch of the SES and SKS ranges. These new EN733 standard pumps are an efficient, reliable and cost-effective proposition for municipalities, water treatment facilities, commercial and irrigation applications. Read more...
API Issues Call to Action in 2022 State of American Energy Address

Api.org, January 12, 2022: During its annual State of American Energy event, API today called on Congress and the administration to adopt policies to strengthen American energy leadership while building on the progress the U.S. has made in reducing emissions to generational lows. At a time when Americans view energy costs as a major concern, API President and CEO Mike Sommers headlined the event alongside other API leadership and industry engineers and innovators who are tackling the energy challenges of today and tomorrow to keep our country moving forward. Read more...
Parker Wellbore: Sets Six-Point Plan to Achieve New Environmental, Social, and Governance Goals

Rogtecmagazine.com, January 13, 2022: Leading international oilfield services company Parker Wellbore today launched its six-point plan to ensure the organization plays a leading role in tackling climate change challenges for its customers. The program for success is outlined in the company’s inaugural Environmental Social Governance (ESG) report, which addresses the organization’s commitment to key environmental, social, and governance themes. 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
USRCC / IRS Informational Collaboration
2022 tax filing season is about to start and begins on January 24th.
IRS outlines refund timing and what to expect in advance of April 18 tax deadline.

You can review the IRS news releases here.
This Week in Review
Russia’s GDP to Grow by 2.7% in 2022 - UN Report

Tass.com, January 14, 2022: Russian GDP is expected to grow by 2.7% in 2022, the UN said in its World Economic Situation Prospects report. "Economic growth is likely to moderate from the estimated 4.2 per cent in 2021 to 2.7 per cent in 2022 as the Government moves towards fiscal consolidation," the report says. Read more...
Energy Transition to Be Supply Shock, Have Strong and Long-term Pro-inflationary Nature - Nabiullina

Interfax.com, January 14, 2022: The energy transition is a strong and long-term structural pro-inflationary factor, Russian Central Bank Governor Elvira Nabiullina said at the Gaidar Forum. "We must not forget that the strong, long-term structural pro-inflationary factor that is called the energy transition; the environmental, social and governance (ESG) transition, has already begun," Nabiullina said at the forum. Read more...
Russia to Spend 1–2% of GDP/Year on Carbon Footprint Cut

1prime.biz, January 13, 2021: Russia may spend 1–2% of the gross domestic product (GDP) on carbon footprint cuts per year until 2050, Prime Minister Mikhail Mishustin said at the Gaidar Forum on Thursday. "The all-encompassing measures of carbon footprint reduction are preliminarily estimated at 1–2% of the GDP until 2050," Mishustin said. Read more...
Russia Issues Restrictions on Use of Offshore Holding Companies

Russia-briefing.com, January 10, 2022: Russia will ban businesses with significant offshore ownership from receiving government support as part of Moscow’s ongoing campaign to push Russian firms to bring their corporate headquarters back home. Firms where offshore entities have a stake of at least 25% in the business will not be able to get help through programs such as emergency coronavirus relief or low-interest government-backed loans from January 1, 2023, the Finance Ministry has said. Read more...
Russian Oil Production Up on Last Year in December, Gas Production in 2021 Breaks Multi-year Highs

Intellinews.com, January 10, 2022: CDU TEK has published Russia’s oil and gas production statistics for December 2021 that show oil output was well up on 2020 but still lagging well behind production in 2018 and 2019. The results also show that Russia ended 2021 producing more gas than in any time in the last four years, both in December and for the full year. Read more...
Top Seven Energy Transition Trends to Keep an Eye on in 2022

Rigzone.com, January 12, 2022: The energy transition team from intelligence provider Westwood Global Energy has listed seven of the main trends that oil and gas firms should watch in 2022. Read more...
CIS Business News
Great Stone Companies Sell to 20 Countries

Eng.belta.by, January 12, 2022: Resident companies of the Great Stone Industrial Park deliver products to 20 countries, Head of the Administration of the China-Belarus Industrial Park Great Stone Aleksandr Yaroshenko said at the international conference "Three decades of the Belarusian-Chinese relations and a community of common destiny for all mankind", BelTA has learned. Read more...
Azerbaijani Oil Price Continue to Grow

Azernews.az, January 13, 2022: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.57 on Jan. 12 compared to the previous price, settling at $88.45 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan on Jan. 12 amounted to $87.72 per barrel, up by $1.55 as compared to the previous price. Read more...
Kazakhstan Revokes Decision to Sell Hydropower Stations to Investors from UAE

Kursiv.kz, January 14, 2022: Prime Minister Alikhan Smailov of Kazakhstan has revoked a draft law on ratification of the agreement between Kazakhstan and the United Arab Emirates on strategic partnership. Under the agreement, Kazakhstan was going to sell 74.99% of shares of Ust-Kamenogorsk and Shulba hydropower stations. The new rule has already been published even though no official comments from the cabinet have been given. Therefore, it’s not clear whether the deal is just postponed or has been rejected completely. Read more...
US-Russia Related News in Russian
◾ Новости недели
Новак Заявил, что Россия в Январе Будет Добывать 10,1 млн Баррелей Нефти в Сутки

Tass.ru, Январь 14, 2022: Россия в рамках сделки ОПЕК+ будет добывать в январе 10,1 млн баррелей нефти в сутки. Об этом журналистам сообщил вице-премьер Александр Новак в кулуарах Гайдаровского форума. В ходе встречи, которая состоялась 4 января 2022 года, страны - участницы соглашения одобрили план увеличения добычи на февраль 2022 года на 400 тыс. баррелей в сутки. Читать далее...
Экспорт из России Вырос на 44,4% за 11 Месяцев, Импорт Увеличился на 27,2%

Kommersant.ru, Январь 14, 2022: Экспорт из России в январе—ноябре 2021 года составил $436,5 млрд, он вырос на 44,4% по сравнению с аналогичным периодом 2020 года. Импорт в РФ составил $266,5 млрд, увеличившись на 27,2%. На долю стран дальнего зарубежья приходилось 86,8% российского экспорта, на страны СНГ — 13,2%. «На долю стран дальнего зарубежья приходилось 89,4%, на страны СНГ — 10,6%»,— приводит Федеральная таможенная служба (ФТС) данные по импорту. Основой российского экспорта в 2021 году традиционно являлись топливно-энергетические товары, в товарной структуре импорта наибольший удельный вес приходился на машины и оборудование. Читать далее...
Shell Получит 870 тыс. Баррелей Нефти из Стратегического Резерва США

Rbc.ru, Январь 13, 2022: Соединенные Штаты передадут компании Shell Trading (US) Company, которая является дочерним предприятием Shell на американском рынке, 870 тыс. баррелей нефти из своего стратегического резерва. Об этом сообщили в Минэнерго США, передает Reuters. Читать далее...
Силуанов Перечислил Главные Риски для Роста Экономики России в 2022 году

Vedomosti.ru, Январь 14, 2022: Дефицит рабочей силы, геополитика и ESG (экологическое, социальное и корпоративное управление) являются главными рисками для экономического роста России в этом году, заявил министр финансов Антон Силуанов на Гайдаровском форуме. Читать далее...
НОВАТЭК за 2021 Год Увеличил Добычу Газа на 3,3%

Interfax.ru, Январь 13, 2022: "НОВАТЭК" в 2021 году увеличил производство газа на 3,3% - до 79,89 млрд кубометров, добыча жидких углеводородов выросла на 0,5% - до 12,299 млн т, сообщила компания. В прошлом году "НОВАТЭК" продал 75,81 млрд кубометров газа, что на 0,3% больше, чем годом ранее. 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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