Dec .
No. 45

  USRCC Business Newsletter

Mark your calendar!

Luncheon with His Excellency 
Sergey I. Kislyak, Ambassador 
of the Russian Federation to the U.S.

Dear Friends,

The USRCC Ambassador Speaker Series with 
His Excellency, Sergey I. Kislyak scheduled for 
December 17, 2015, has been rescheduled to  February 11, 2016 

Sergey Ivanovich Kislyak was appointed Ambassador to the United States on September 16, 2008, having previously served as Deputy Minister of Foreign Affairs. A career diplomat, Kislyak joined the Foreign Ministry of the Russian Federation/USSR in 1977. During his distinguished career, Kislyak headed the Foreign Ministry's Security and Disarmament Department (1995­-1998), and served simultaneously as the Ambassador to Belgium and as Russia's permanent representative to NATO.  Ambassador Kislyak first served in the United States as second secretary at the Russian Permanent Mission to the United Nations in New York (1981­-85) and, later, as first secretary and counselor Russian Embassy in Washington (1985­-89).

Save the date

February 11, 2016
Downtown Houston, TX
11:00 am VIP Reception/12:00 pm Luncheon







For sponsorship opportunities please contact:

The U.S.-Russia Chamber of Commerce
2900 Wilcrest Drive, Suite 133, Houston, TX 77042
Phone: 713.429.4680 Email:
USRCC 2016 Membership

Renew your 2016 membership or join for the first time today!

                                                       For more information

Business Networking Happy Hour

The U.S.-Russia Chamber of Commerce invites you to kick off
the New Year With a business networking happy hour!

Thursday, January 21, 2016 from 6:00 - 8:00pm
5000 Westheimer Road #120 Houston, TX77056
Arcodoro Restaurant
Cost: FREE for members, $10 for non-members  
Complimentary appetizers will be provided. Happy Hour prices for drinks will be available.


Member News
TMK COMPLETED A DEAL WITH VTB BANK, December 30, 2015: PAO TMK ("TMK" or "the Company"), one of the world's leading producers of tubular products for the oil and gas industry, on December 29, 2015, completed a deal with VTB Bank to raise around RUB 10 billion by selling its shares. Part of the shares will be delivered in the course of 2016.
TMK has a right to buy the shares back.
The funds will be used to reduce debt by repaying bank loans in 2016.
TMK's management believes this transaction is beneficial to the Company, its creditors and investors. It will enable TMK to significantly reduce the debt by using its own shares.  Read more...
LUKOIL produces one hundred million tonnes of oil in 2015, December 31, 2015: For the first time in the company's history, PJSC LUKOIL has stepped over the boundary of 100 million tonnes of produced oil annually.
The increase in LUKOIL's production in 2015, versus the previous year, amounted to 3.5% or 3.4 million tonnes.
This was made possible through the oil production increase in the European part of Russia (in particular - in the Timan-Pechora and Perm Regions, northern Caspian) and West Qurna-2 field in Iraq.  Read more...
The Week in Review 
Peace on Earth: EU, US 'Very Interested' in 
Reconciling With Russia in 2016

Sputnik, December 26, 2015: Next year will see more fence-mending between Russia and the West, according to Stefan Meister, head of the program on Eastern Europe, Russia and Central Asia at the German Council on Foreign Relations.
In an interview with the German news network  Deutsche Welle, Stefan Meister, head of the program on Eastern Europe, Russia and Central Asia at the German Council on Foreign Relations, suggested that 2016 will see further rapprochement between Moscow and the West.
Attracting investment to Russia's regions, December 25, 2015: The St. Petersburg International Economic Forum (SPIEF) on Thursday held its first session called Russia's regions: new growth areas. The event aims to develop investment opportunities and improve the export potential of the Russian regions. The participants in the central Russian city of Nizhny Novgorod discussed the development of regional projects with export potential that could attract investments.
They will be presented with a new platform for promoting projects during the St. Petersburg  Forum next summer 2016, according to a news release.
The event was held in association with the Russian Foreign Investment Advisory Council, the Agency for Strategic Initiatives, the Russian Export Center and the multinational professional services firm EY (formerly Ernst & Young). Six more sessions will take place in different Russian regions next year.  Read more...
Gazprom's plans for a challenging 2016, December 29, 2015: Gazprom's Board of Directors approves Investment Program, Budget and Cost Reduction Program for 2016

The Gazprom Board of Directors took notice of the information about the Company's preliminary operating results for 2015, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2017-2018.
The Board of Directors approved Gazprom's Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2016.
Pursuant to the Investment Program for 2016, the total amount of investments will make up RUB 842 billion. At the same time, the amount of capital investments will account for RUB 777.628 billion, of which RUB 767.327 billion and RUB 10.301 billion will be allocated for capital construction and acquisition of non-current assets accordingly. Read more...
Russia Remains World Leader for Space Launches - 

Sputnik,com, December 29, 2015: Russia retained first place in the world in terms of number of successful space launches in 2015, with 29 completed, Russia's space agency Roscosmos said Tuesday.
MOSCOW (Sputnik) - A total of 86 carrier rockets launches for space purposes were conducted in 2015.
"In 2015, Russia carried out 29 carrier rocket launches, 18 - from Baikonur, three - from the Guiana Space Center, one - from Dombarovsky GMD and seven launches from the Russian Defense Ministry's Plesetsk Cosmodrome," Roscosmos said in an annual final statement.  Read more...
Russia Narrows Choices of Names for New Spacecraft, December 29, 2-15: MOSCOW (RSC Energia PR) - Wednesday, December 23, 2015, saw the completion of the public voting - one of the final stages of the competition for the best name for the new-generation Russian crew transportation spacecraft (CTS) that is being developed by RSC Energia.
Taking part in the public vote were 35105 who determined the three names which made it into the finals: Gagarin - 10389 votes, Vector - 4866 votes, Federatsia - 3604 votes.
Altogether, about 6000 original names were proposed, out of which the organizing committee of the competition selected ten and brought them up for the public voting.  Read more...
Successful launch for Russia's Express-AMU1, December 25, 2015: The new Russian communications and broadcasting satellite Express-AMU1 satellite has been launched into geosynchronous transfer orbit.
Launched from Baikonur by a Proton M carrier rocket on December 25, Express-AMU1 is equipped with Ku- and Ka-band transponders for broadcast, including direct broadcast, and broadband data services serving the European part of Russia and sub-Saharan Africa. It will be placed in geostationary orbit at 36 degrees East and has a lifetime of 15 years.
Express-AMU1 was manufactured by the French company Airbus Defence and Space with extra budgetary funds commissioned by the RSCC under the Federal Space Programme for Russia 2006-2015.  Read more...
Russia dissolves its federal space agency, what now?
Read more at, December 30, 2015: Russian President Vladimir Putin officially put an end to the country's Federal Space Agency Roscosmos on Monday, Dec. 28, by signing a decree dissolving the agency. The resolution will go into force on Jan. 1, 2016, when the space agency will be replaced by the Roscosmos State Corporation, which was established earlier this year. What does that actually mean for the space industry?
The change is a part of a reorganization of the Russian space sector that actually started more than two years ago. In August 2013, the United Rocket and Space Corporation (URSC) was formed by the Russian government to renationalize the nation's space sector.  Read more...
Russia Scraps Space Agency for a State-Run Corporation, December 28, 2015: Say goodbye to the Russian Federal Space Agency. On Monday, Russian President Vladimir Putin signed a decree formally dissolving the government space agency, Roscosmos, and transferred its responsibilities over to a new state-run corporation beginning January 1, 2016, according to TASS, the Russian government-owned news agency.
The transfer has been in the works since the beginning of 2015, when the Russian government decided to get rid of the federal space agency and replace it with a government-owned company.  Read more...
Russia Says Elon Musk is 'Stepping On Our Toes', December 30, 2015: But Russia still respects him.
If you ask Russia, Elon Musk is no Fred Astaire.  Speaking in an interview with Russia-based Rossiya 24 TV, Dmitry Rogozin, deputy prime minister in charge of the country's defense, said that while his country is seeking ways to make space exploration cheaper, Elon Musk's SpaceX is proving to be a roadblock.
"The main goal today is to make space cheap," Rogozin said,  according to Bloomberg, which obtained a copy of the interview. "Competitors are stepping on our toes. Look at what billionaire Musk is doing with his projects."  Read more..
Russia Could Produce Up to 200 Helicopter
Engines in 2016 - Rostec

Sputnik, December 26, 2015: Place your own text here. Metafile high record infrared data patch encapsulated, proxy, transmission, harmonic. Cascading coordinated patch broadband distributed sampling connectivity recognition analog, element. Encapsulated data, arrray cache developer element. Record, fragmentation sampling remote phaselock ethernet services, sampling reflective. Developer sampling sequential indeterminate anomoly port femtosecond transponder. Device digital extended disk overflow resistor, capacitance. Encapsulated transmission harmonic echo dithering arrray system device high, bus backbone, debugged read-only indeterminate. 
All systems go for Russian Kamov 226T helicopter production in India, December 29, 2015:
Russia's Rostech State Corporation has tied up with Hindustan Aeronautics Limited for manufacture of at least 200 Kamov 226T light helicopters to replace the ageing fleet of Cheetah and Chetak, in a deal estimated to be worth $1 billion under 'Make in India' initiative.
"The agreement with India is the result of the long work with our Indian partners," CEO of Rostec, Sergei Chemezov, said.
"The organization for the manufacture of helicopters is provided by the creation of a Russian-Indian joint venture in India, which includes holdings of Rostec-JSC 'Rosoboronexport' and 'Russian Helicopters", and on the India side -- the corporation HAL," he said.  Read more...
Greetings to U.S.-Russia Chamber of Commerce from the International Space Station Expedition 36 Crew

To view the video click here
How The Nutcracker became so wildly popular, December 24, 2015: The Nutcracker is 
the cheesiest ballet of all time. That may enrage some readers for whom attending The Nutcracker is a beloved Christmastime tradition. But as a former dancer who has performed or watched some version of the production for 18 years now, I can state it with certainty: The Nutcracker is the cheesiest ballet of all time.
Just try to recite the plot with a straight face: A young girl's most cherished Christmas present, a nutcracker, comes alive, saves her by defeating an army of mice and their king, and then the pair travel together to a magical kingdom of sweets. Ballet really doesn't get more gauche than that.
So why is it so  popular in America? To answer that, we'll have to go back in history a bit.
US-Russia Related News in Russian
Новости недели
Газпром нефть впервые пробурила 2-ствольную скважину в условиях арктических широт, 30 декабря, 2015: Газпром нефть завершила бурение 1й эксплуатационной 2-ствольной скважины  на полуострове Ямал.
По информации Газпром нефти, протяженность  горизонтальных стволов скважины - по 1 тыс м.  Работы выполнялись на  Новопортовском нефтегазоконденсатном месторождении , разработку которого ведет дочка Газпром нефти -  Газпромнефть-Ямал.
Многоствольная скважина позволяет увеличить зону охвата пласта, поэтому один из стволов скважины расположен в краевых залежах для вовлечения в разработку запасов, удаленных от вертикального ствола скважины.  Читать далее...
НЛМК думает приобрести Ревякинский метзавод - источники, 29 декабря 2015: МОСКВА (Рейтер) - Крупнейший в РФ производитель стали Новолипецкий меткомбинат думает о покупке Ревякинского металлопрокатного завода, расположенного в Тульской области, сообщили Рейтер два источника, близких к обоим предприятиям.
"НЛМК был там с инспекцией, но все зависит от того, договорятся ли о цене с собственниками", - сказал один из источников.
По его словам, НЛМК с этим приобретением хотел бы усилить контроль над рынком строительного проката в ЦФО.
"Сделку готовят, но это процесс небыстрый, все будет понятно в следующем году", - сказал Рейтер второй источник.  Читать далее...
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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 .
The U.S.-Russia Chamber of Commerce (USRCC)  is  a 501(c)(6) no t 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  Russia n Federation  and the U.S. A.