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Past Issue
September, 2009

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


Josh Wilson, USRCCNE EditorWelcome!
From Josh Wilson, General Editor, USRCCNE

The USRCCNE's latest event, co-hosting a business delegation from Tatarstan, was a great success. Presenting the achievements and quarter-billion dollar portfolio of the Investment and Venture Fund of the Tatarstan Republic, the delegation met with USRCCNE members and other business leaders in Boston to discuss joint business opportunities in a number of innovative fields. Read more about it in this month's newsletter!

Also in the newsletter you'll find free downloads of information on the recently introduced IFRS for SMEs, as well as great member contributions on Russia's average monthly wage, the current status of business angel investment in Russia, changes in Russian corporate law, and even on the recent changes in the Russian language.

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 Seeks Intern
USRCCNE is seeking an intern who will be available for the upcoming academic year to take responsibility for compiling a database of companies, organizations, and institutions in New England with connections to Russia.

Upcoming Events

Museum of Russian Icons Offers Trip!
(October 3, 4 - MA to NY) The Museum of Russian Icons is sponsoring a two-day trip to the Holy Trinity Monastery in Jordanville, NY. Participants will stay at the monastery guest house, tour the monastery and its icon studio, attend Saturday night vigil and Sunday services at the cathedral, and have meals in the monastery refectory. Find more events from the Museum of Russian Icons!

IFRS in Russia: Increase Transparency and Attract Investment
(October 29 - Moscow) Alinga Consulting Group announces its next seminar, this time focusing on how IFRS can be applied to Russian businesses.

Steinmetz: Contemplating Gogol
(December 1 - Moscow) The Pushkin State Museum of Fine Arts in Moscow, Russia is celebrating the 200th anniversary of the birth of Nikolai Gogol with a solo exhibit by Boston-based artist Leon Steinmetz.

SRAS Offers Russian Trip!
(July 10, 18 -or- August 7-15, 2010 - Western Russia) This nine-day cultural travel package is unlike any tourism you've ever tried. 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. Find more travel services from SRAS


USRCCNE and Member News

Delegation From Tartarstan Meets Business Leaders in Boston
On August 28, McDermott Will & Emery LLP and USRCCNE, in cooperation with the Civilian Research and Development Foundation, hosted a delegation from the Investment and Venture Fund of Tatarstan Republic.

Language Connections Goes Behind The Scenes
Language Connections recently coordinated the translators for a US-Chinese economic meetings, preparing the translators and making sure that all logistics that go into translating for such a conference were in order. Read the entire August LC Newsletter.


Articles & Resources

Business Obzor
A brief list of some major news stories from Russian business in September.

Russian Laws Newsletter
Dewey & LeBoeuf explain some of the latest developments in corporate law in Russia. 

Download IFRS For SMEs
The International Accounting Standards Board (ISAB) has made several resources for the IFRS for SMEs available for free online. Download the fact sheet on the new standard here (PDF). You may also register with the site for free and download the full set of standards here

World Bank: Harder To Do Business In Russia
Russia was ranked the 120th easiest place to do business in the World Bank’s 2010 Doing Business report.

Russian Opinions on Financial Crisis
Russians are divided over whom to blame but are widely affected by the crisis. 

Regional Investment: Russian Business Angels
In its integration into global business Russia has had to learn the entirely new concept of business angel investment. Subscribe to Marchmont News Service

Russian Corner: Average Monthly Wage in Russia
While the economic crisis did take a toll on Russia's average wage, the numbers, according to the Russian Federal State Statistics Service, are growing again. Subscribe to the Alinga Market Update

Just for Fun: Recent Changes to the Russian Language
Erin Decker, the most recent arrival to SRAS's Work-Study: Translation program, summarizes some of the recent official changes to the Russian language and the controversy they've caused.  Subscribe to the SRAS newsletter


Joining the USRCCNE is Easy!

Members of the USRCCNE become a part of a vibrant network of individuals and firms dedicated to furthering business opportunities between the U.S. and Russia. We work with business organizations in the US, (specializing in the New England region) and in Russia to bring exposure to the USRCCNE, and ultimately, to our members. Join today!

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