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Past Issue
September/October 2007

The USRCCNE Monthly Newsletter
For those with interests bridging the US and Russia...


Daniel Satinsky, USRCCNE PresidentWelcome!
From Daniel Satinsky, USRCCNE President

This month's newsletter features, like Russia, striking contrasts. We celebrate here not only centuries-old history, but also rapidly developing and increasingly profitable technology markets. First, the history. Our Chamber is very proud to announce several high-profile events in Boston occurring on September 26th to commemorate the 200th Anniversary of U.S. – Russia diplomatic relations. These events will feature both US and Russian diplomats, as well as historians, historical artifacts, and, of course, business leaders.

This anniversary has particular historical significance for Massachusetts because the first U.S. minister to Russia was native son John Quincy Adams. But the events in Boston signify that there is much more than an historical tie between Russia and Massachusetts. Current business, cultural, and academic ties are what are giving these events real vitality. These ties include the "Friends of Pskov" project led by Massachusetts State Senators Therese Murray and Stan Rosenberg, the recently opened Museum of Russian Icons (Clinton, Massachusetts), and a special exhibit of John Quincy Adams' Russia-related papers as prepared by the Mass Historical Society. More about these exciting events, which are the result of a lot of planning and work by many people and made possible by the U.S.-Russia Chamber of Commerce of New England, is written below. We hope you will join us in commemorating this important anniversary.

Of course, these modern ties have a bright and profitable future as Russian markets, particularly its technology markets, continue to grow and develop. Among the most recent developments include infrastructure improvements in the form of satellite networks, growing IT services and product export from Russia, and developing legislation within Russia. More about these events is also written below.

If you have an announcement or a news item to be included in our newsletter, or if you would like to subscribe to this free newsletter, please contact us.

News Briefs

Daniel Satinsky and his Russia-based partner, Mikhail Elashkin, have affiliated with The York Group as Country Managers for the Russian Federation. The York Group helps information and communications technology (ICT) companies establish and grow sales in international markets.

Moscow Citi - just one of Moscow's many construction sites.The Russian Telecom Monthly Newsletter will serve as your guide on the latest developments in the Russian telecommunications and IT market. For the past five years, the Russian ICT (information and communication technologies) market has demonstrated some exceptional annual growth, averaging 25 percent.

LeBoeuf, Lamb, Greene & MacRae LLP, and Dewey Ballantine LLP, two leading international law firms, announced that they have entered into a definitive agreement to merge, subject to partner approval.

Moscow to build 75 three-star hotels within the next 2.5 years, according to a statement from Mayor Yuri Luzhkov.

Cyphermint President Spoke at the State Duma during a meeting to discuss the standards and guidelines for global payments using a mobile device.

Auriga to Take Final Steps in SEI CMMI Compliance Assessment to officially confirm that Auriga processes have reached the CMMI Maturity Level 4.

Exigen Services shared best practices for applying Agile development to offshore projects during an Experience Report presentation at the Agile 2007 Conference, August 13-17 in Washington, D.C.

Upcoming Events

USRCCNE logoBoston, MA  Sept 26 - The USRCCNE has joined together with a broad range of Massachusetts organizations and political leaders to plan a day of commemoration of September 26 in honor of the 200th Anniversary of diplomatic relations between the United States and Russia. The guests of honor for these events will be US Ambassador to Russia William Burns and Russian Ambassador to the US Yury Ushakov. Also featured will be a unique exhibit of Russian Icons from the Museum of Russian Icons in Massachusetts and a lecture series.

Washington, DC  Oct 18-19 - IFC, a member of the World Bank Group, is pleased to announce that it will serve as an institutional partner to the International Economic Alliance's 11th Annual Russian Investment Symposium which is traditionally hosted in Boston. To coincide with the IMF-World Bank Annual Meetings, this year's Symposium will be held in Washington, D.C., on October 18-19, 2007. IFC and IEA, along with other partners, will cooperate closely to highlight Russia and viable opportunities for investment.

Massachusetts, Sept 18-24 - "John Quincy Adams in Russia" is a historically accurate and dynamically entertaining performance that celebrates the life of our first ambassador to Russia. The program will take the form of a dramatic dialogue between Adams biographer Dr. Lynn Parsons and professional actor Jim Cooke.


The Russian-made Proton Rocket is one of the most popular for delivering satellites into space.Featured Articles: Profits from Russian Technology

Russian Communication Satellite Network Set to Expand 
"This agreement is the latest example of Gilat's ability to bring dependable telephony and broadband Internet services to citizens in the Russian Federation in a cost-efficient manner, regardless of geographic location."

The Banglador Experience Goes Baltic
Outsourcing (IT services) to Central and Eastern Europe is not an easy decision and there are still a few challenges that confront those choosing to do so.

Re-Engineered Globally
"The advantage [of engineering services offshoring] is in the combination of cost and value, which make certain types of high-end, analytical work very relevant to Russia... While cost is comparable to destinations like India, the quality of easily available R&D talent [in Russia] is higher. Russia has the resources to offer for advanced mathematical research, quantitative analytics, etc."

Russian IT Exports in Review
The most palpable developments had to do with mergers and acquisitions in the Russian ICT market... [Including] the acquisition of two Russia-based exporters by American and Baltic companies.

Russian Carbon Credits: The Gold Rush Comes a Little Closer
A number of crucial areas remain either unaddressed or uncertain. Though the (new government) Decree represents a positive step in the right direction, a number of its provisions are unsettling for potential investors and further work will be required to address unresolved matters in order to allow JI projects to flourish in Russia.

More about Central Asia and more!

More Articles of Interest

John Quincy Adams in Russia, A Brief Timeline
John Quincy Adams established warm and mutually benefitial relations with Russia during his long history with the country. This timeline will give you a better idea of the time he spent in Russia.

Modern Human Resource Issues in Russia
This article will cover a few points that companies should keep in mind concerning issues of personnel in Russia, which can make or break a company.

Resource: Central Asia
This new resource from USRCCNE member The School of Russian and Asian Studies, gives a quick overview of the politics, economy, and culture of Central Asia. The Caucasus, which are often grouped with Central Asia as a general geographic region, have also been given some coverage. 

Russian Corner: Renting Housing in Russia 
The following article seeks to inform renters of their rights as given by Russian law as well as to forewarn the reader of certain difficulties that may be encountered while renting in Russia.

Just for Fun: Language Resources for Students of Russian
This is a concise listing of some of the Internet's best resources for students and teachers of the Russian language. This includes not only online lessons, but also resources to find local news in Russian and to network with Russian immigrants who may be living near you! There's more out there than you think!

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