March 2022 | ISSUE No. 367 | USRCC Business Newsletter
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A landmark event in the energy industry’s calendar, and the world’s largest meeting place for the global gas, LNG, hydrogen and energy value chain, Gastech 2022 will take place from 5-8 September, at Fiera Milano, Italy.
As the largest exhibition of its kind, Gastech Milan will provide space for 1,000 exhibitors to showcase the value that they can bring to the industry. Outdoor exhibition space will be available for the demonstration of lower-carbon technologies and mobility solutions. And, with over 20 international pavilions, the show floor will have a truly international appeal supporting an integrated world-class business environment.
Conference attendees can look forward to hearing from over 900 speakers in sessions covering the latest commercial and technical developments as well as insights from over 400 ministers, CEOs and policymakers. They will lead the debate and convey their unique perspectives on the state of the energy industry and ambitions on how it will evolve over the coming decades.
More information is available here.
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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!
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ExxonMobil Elects Matt Furman as Vice President, Public and Government Affairs; Suzanne McCarron to Retire
Corporate.exxonmobil.com, March 14, 2022: ExxonMobil said today that Matt Furman has been elected vice president of public and government affairs, effective April 1, replacing Suzanne McCarron, who has elected to retire after 24 years of service. Furman joins ExxonMobil from Best Buy Co. Inc., where he was chief communications and public affairs officer since 2012. At Best Buy, he oversaw internal and external communications, government affairs, corporate responsibility and sustainability, as well as the company’s corporate and foundation giving. Furman joined the company as it began its turnaround, widely viewed as one of the most successful in U.S. retail history. Read more...
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Andersen Global Inaugurates Member Firm in the United Arab Emirates
Andersen.com, March 15, 2022: Andersen Global adds a new member firm in the United Arab Emirates as Chartered House adopts the Andersen brand, strengthening the organization’s presence in the Middle East and launching the brand in one of the region’s key markets. Founded in 2018 and a collaborating firm since 2020, Andersen in the United Arab Emirates (UAE) is a full-service tax firm with offices in Dubai and Abu Dhabi. Read more...
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Wohlers Report 2022 Finds Strong Industry-Wide Growth
Astm.org, March 15, 2022: Today, Wohlers Associates, powered by ASTM International, announced the publication of Wohlers Report 2022. This marks the 27th consecutive year of publishing the industry-leading annual report. It provides new content and expert analysis on additive manufacturing (AM) and 3D printing worldwide. Research for Wohlers Report 2022 shows AM industry growth of 19.5% in 2021. This is up from 7.5% growth in 2020, which was impacted greatly by the pandemic. Read more...
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API Applauds DOE Approval of Two New LNG Export Permits
Astm.org, March 16, 2022: American Petroleum Institute (API) President and CEO Mike Sommers applauded the U.S. Department of Energy’s decision to approve two new liquified natural gas (LNG) export permits. Read more...
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U.S. Departments of Treasury and Justice Launch Multilateral Russian Oligarch Task Force
Home.treasury.gov, March 16, 2022: Secretary of the Treasury Janet L. Yellen and Attorney General Merrick B. Garland today met virtually with representatives from Australia, Canada, Germany, France, Italy, Japan, the United Kingdom, and the European Commission, to launch the Russian Elites, Proxies, and Oligarchs (REPO) multilateral task force. The task force was first announced by leaders on February 26. Read more...
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Russia's 2050 Decarbonisation Plans in Doubt Amid Sanctions -Kommersant
Reuters.com, March 17, 2022: Russia's energy ministry believes Western sanctions over Ukraine could prevent the country from achieving plans to cut carbon emissions by 2050, the Kommersant newspaper said on Thursday. The ministry has developed a plan to support Russia's vast energy sector amid the sanctions, including tax cuts and the possibility of dropping dividends, the paper added. Read more...
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Minister: Russia Believes in Foreign Business Return
1prime.biz, March 14, 2022: The Economic Development Ministry assumes that a significant part of foreign businesses will return to working in Russia after they have rebuilt their supply chains, Minister Maxim Reshetnikov told reporters on Monday. “We assume that a significant part of business will return to working in Russia after rebuilding the (supply) chains. Our market has not vanished, these companies have been making money here for a long time, they had profitable businesses in our country, and it allows us to hope that the situation will normalize,” he said. Read more...
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Russia Makes Bond Payment, Avoids Default – Finance Ministry
Themoscowtimes.com, March 17, 2022: Russia has completed a closely watched bond payment, the Finance Ministry said Thursday, avoiding what would have been the country’s first default on its foreign debt obligations in more than a century. “A payment order for the payment of coupon income on the Russian Federation’s external bond loans … in the total amount of $117.2 million … was sent to a foreign correspondent bank on March 14, 2022 and has been executed,” the Finance Ministry said in a statement. Read more...
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US Slashed Oil Import from Russia fourfold from March 5 to 11
Tass.com, March 16, 2022: The United States continued oil imports from Russia but lowered deliveries nearly fourfold on a week basis to 38,000 barrels daily, according to data of the US Energy Information Administration (EIA). Deliveries of Russian crude oil to the US stood at 148,000 barrels from February 26 to March 4. Read more...
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Lukoil Sees Opportunities to Sustain Production Levels Amid Restrictions
Interfax.com, March 17, 2022: Lukoil plans to sustain oil and gas production levels amid existing restrictions. "Today, given this challenging period and restrictions, the company is seeking ways to maintain production volumes and relations with its contractors and suppliers both in Russia and abroad," Vagit Alekperov, the company's president, said at a meeting with the Federation Council speaker, Valentina Matviyenko, in Kogalym. Read more...
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Russian Law Prepares Path for Nationalisation of Foreign Companies
Intellinews.com, March 16, 2022: Russia has passed legislation to place foreign companies which have exited Russia under “external management”. Under the new rules, any company of which more than 25% is owned by foreigners can be brought under temporary administration if the management takes decisions that could lead to an “unjustified” cessation of activities. This includes public announcements on withdrawing from Russia which don’t cite an economic rationale. Read more...
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Azerbaijan’s Breakthrough: from Hydrocarbons to Green Energy
Azernews.az, March 16, 2022: Azerbaijan, worldwide recognized country as a reliable supplier of oil and gas, has been implementing grandiose projects in the sphere of alternative energy in recent years in accordance with global initiatives for the transition to green energy. Azerbaijan started this year with breakthroughs. The country has already laid the foundations of two large facilities for the generation of electricity from renewable energy sources. Read more...
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Kazakh PM Meets with EBRD Vice President, Shell Executive Vice President
Astanatimes.com, March 17, 2022: Kazakhstan and the European Bank for Reconstruction and Development (EBRD) will continue its cooperation as part of the new EBRD Country Strategy for Kazakhstan for 2022-2026. This was announced during the meeting of Prime Minister Alikhan Smailov and EBRD Vice President Alain Pilloux on March 15, reported the Prime Minister’s Office. Read more...
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◾ US-Russia Related News in Russian
◾ Новости недели
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ЦБ Разъяснил Запрет в Указе Путина на Покупку Долей в Иностранном Бизнесе
Forbes.ru, Март 18, 2022: Центробанк разъяснил запрет в указе Путина на покупку долей в иностранном бизнесе. Регулятор подчеркнул, что он не касается биржевых торгов. Президент ранее подписал указ, который в том числе запретил россиянам и компаниям без одобрения регулятора приобретать доли в зарубежных компаниях. Читать далее...
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Сенаторы США Предложили Запретить Импорт Урана из России
Kommersant.ru, Март 18, 2022: Группа сенаторов от Республиканской партии США внесла на рассмотрение законопроект о запрете импорта российского урана. Эти меры предлагается ввести в рамках санкций США в ответ на российскую военную операцию на Украине. Американские компании просили не запрещать поставки урана из РФ. Читать далее...
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США Ограничат Обслуживание 99 Boeing, Которые Используют Авиакомпании России
Tass.ru, Март 18, 2022: Минторг США предупредил в пятницу о мерах в отношении ряда самолетов, летавших в РФ в нарушение американского экспортного контроля. Об этом говорится в релизе, опубликованном на сайте ведомства. Американский Минторг направит различным компаниям по всему миру уведомление о том, что заправка, техническое обслуживание, ремонт, предоставление запчастей или услуг коммерческим и частным самолетам, "летавшим в Россию с очевидным нарушением правила экспортного контроля США", требуют разрешения. Читать далее...
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Путин Подписал Указ, Уточняющий Нормы Валютного Регулирования. Текст
Interfax.ru, Март 18, 2022: Президент Владимир Путин подписал указ "О дополнительных временных мерах экономического характера по обеспечению финансовой стабильности Российской Федерации в сфере валютного регулирования", который существенно дополнил созданную в последние недели систему валютного контроля. В частности, экспортеры получили возможность по разрешению властей отклоняться от нормы продажи валютной выручки в размере 80%, а также уменьшать этот лимит на сумму погашения валютных долгов перед российскими банками. Читать далее...
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МЭА Ждет Падения Добычи Нефти в России на 30%
Vedomosti.ru, Март 16, 2022: Из–за специальной военной операции России на Украине и связанных с ней перебоев с поставками нефти мировой спрос на нее в 2022 г. увеличится лишь на 2,1 млн баррелей в сутки (б/с), сообщается в мартовском отчете Международного энергетического агентства (МЭА). В феврале МЭА ожидало роста спроса на 3,2 млн б/с. Общемировой спрос, по оценкам агентства, в 2022 г. составит 99,7 млн б/с (в февральском отчете говорилось о 100,6 млн б/с). Читать далее...
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В "Газпроме" Оценили Влияние Санкций на Работу Компании
1prime.ru, Март 18, 2022: Руководство "Газпрома" анализирует влияние на компанию санкций против России, считает, что они не ставят под сомнение непрерывность ее деятельности, говорится в отчете "Газпрома". Читать далее...
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U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive
Suite 133
Houston, TX 77042
713-429-4680
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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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