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Past Issue
May 2009

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


Josh Wilson, USRCCNE EditorWelcome!
From Josh Wilson, General Editor, USRCCNE
As America contemplates Obama's legislative achievements in his first 100 days in office, the USRCCNE newsletter looks (mostly) at recent and upcoming developments in Russian law and domestic economic programs. From state support for the IT market to reform of Russia's financial and corporate regulations, most of the new changes are substantial – and potentially problematic. We've also, as always, included more general info on the Russian economy, on USRCCNE upcoming events and member news, and other interesting info.

Those of you in the San Francisco area – be sure not to miss an opportunity to meet with Anatoly Chubais, former Deputy Prime Minister of Russia and Current CEO of RUSNANO, Russia's state-owned nanotechnology corporation. See below for details!

As always, this newsletter is dependent on you. 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 publication, please contact us.


USRCCNE & Members News and Events


Breakfast with Anatoly Chubais
(May 7 - San Francisco) "Russia's Path to Diversification in the Midst of the Economic Crisis" - a breakfast meeting with Anatoly Chubais, former Deputy Prime Minister of Russia and Current CEO of RUSNANO, Russia's state-owned nanotechnology corporation.

Ballet Russes in Boston
(May 15-23 - Boston) Boston will host a festival marking one hundred years since Sergei Diaghilev's Ballets Russes premiered in Paris in May 1909. To honor and explore the legacy of this revolutionary performing company, Ballets Russes 2009 will feature dance, music, visual art, cinema, and other happenings inspired by the genius of Diaghilev's creative team and the extraordinary figure of the impresario himself.

Capitalizing on Emerging-Market Opportunities
(June 4 - Boston) Learn from senior executives at EMC, Hasbro, Liberty Mutual, Pfizer and other companies about how they're capturing new customers, sourcing low-cost products and services, and tapping into the innovation potential of emerging markets -- and becoming stronger global competitors in the process.

Past Event: Social Networking with Russian Execs
On April 23, the Chamber hosted a networking evening at Les Zygomates Wine Bar in downtown Boston. Our guests were a delegation of Russian executives who were participating in an Executive Education program at Northeastern University. Over 50 people attended the event and had a chance to share ideas and experiences in an informal atmosphere. Thank you to all who made this event a success!

SRAS Launches New Program: "Oil and Politics"
This new study abroad program explores politics, economics, diplomacy, and energy. The program, taught in English at one of Moscow's top schools for international relations looks at Russian energy policy, Russian energy companies and energy supplies, and international transit systems. Tell any interested students that the application deadline for fall is May 15!

Agile Meets Airborne Software Quality Standards
On March 31, Auriga’s project manager Maxim Dorofeev presented his report “Agile in the Snobbery World” at AgileLabs’09. He spoke about using Agile methods to streamline airborne software development process while assuring the same high quality level, and also touched the subject of compatibility between Agile approaches and CMMI.


Articles & Resources

Russia's Foreign WorkersPBN Policy Matters: Russia's Insider Trading Draft Law  (PDF, 180K)
This latest installment of Policy Matters, a free publication from PBN, gives a succinct, fact-heavy, objective overview of Russian political and economic developments since the New Year.

Dewey & LeBoeuf LLP | Russian Laws Newsletter
A review of major business legislation passed in Russia and taking affect in the first part of 2009.

Russian State IT Initiatives
In 2008, government bodies spent 2.96 billion on IT, whereas total government expenditures percentage, including administration (management), education and healthcare, remains at the same level.

Connect Globally for an Innovation Economy
Business is entering its third stage of evolution -- what IBM chairman Sam Palmisano calls the "globally integrated enterprise."

Media Law Assistance Website
The Media Law Assistance Website seeks to provide up-to-date legal authorities and other resources in the area of media law while at the same time fostering dialogue amongst media law practitioners wherever they happen to be located.

Reward Promotions Drive Sales and Protect Brands in a Recession 
It is painfully obvious that during economic downturns spending patterns can shift dramatically. Consumers generally eat at restaurants less often, make fewer shopping trips, buy less expensive brands and defer big-ticket purchases.

Russia's New Gas Projects 
This issue of the Russian Analytical Digest examines Russian gas strategy. Specifically, it considers the importance of the northern areas in the realization of the country's energy strategy and discusses energy cooperation with Japan and South Korea.

IPO Pioneers 4
An analysis and review of 2008 Russia and CIS IPOs.

Word Bank: Russian Economic Report No. 18
The World Bank predicts that the Russian economy will contract 4.5% in 2009, with inflation around 11% to 13% as a result of rising import prices and considerable relaxation in fiscal stance.

Russian Corner: Double Issue of Market Update (PDF, 5MB)
Alinga's print edition of Market Update looks at issues surrounding M&A in Russia and issues surrounding foreigners living, working, and doing business in Russia.

Just for Fun: Cultural Tour of Russia
Travel to Russia with SRAS! Eat a home-cooked meal with Russians in their home. Create traditional painted porcelain under a Russian master. Sit in banyas and celebrate life with Russians who will show you how to sing, make toasts, relax, and laugh.

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