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Past Issue
May, 2010

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


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

Congratulations to Dewey & LeBoeuf! This USRCCNE member has not only acted for the City of St. Petersburg on the financial close of the ˆ1.1 billion Pulkovo International Airport, but also advised on a $1.5 billion Eurobond offering in Kazakhstan. Read more about their success in this month's newsletter!

USRCCNE also brings you another original article by Karen Politis Virk of member company Language Connections - this time on the problems of sustaining minority languages in Russia.


Don't Miss This Month!


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.


The M.N. Adamov Fund For The Blind Is Looking For Couriers
The MN Adamov Fund for the Blind is the only organization in North America dedicated to helping blind students in Russia. The Fund is looking for people traveling from Boston to St. Petersburg who can take a used laptop computer which has its memory wiped out, folding white canes, or digital voice recorders. 


Upcoming Events

A USRBC Seminar for the Oil & Gas Industry
(May 27 - Houston, TX) USRBC's second annual legal conference, Identifying Opportunity and Managing Risk in Russia: A USRBC Seminar for the Oil & Gas Industry will address the best ways to evaluate opportunities and anticipate and manage the various forms of risk that oil and gas companies and their suppliers and service providers face when undertaking projects in Russia.

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

Book launch: Hidden and Triumphant by Irina Yazykova
(June 5th - Museum of Russian Icons, Clinton, MA)  Skillfully translated from the Russian by Paul Grenier, this dramatic history recounts how the very heartbeat of Russian Orthodox art and spirituality – the icon – survived throughout the 20th century. Come to the Museum of Russian Icons and meet its author! More events from the Museum of Russian Icons


Travel News!
  Russia's imposing Ministry of Foreign Affairs is reflected in a street ad for cosmetics.
Russia's imposing Ministry of Foreign Affairs is
reflected in a street ad for cosmetics.
Photo by SRAS student Garrett Pappas.

Sheremetyevo and Transaero to Cooperate
On April 29, 2010 Sheremetyevo and Transaero Airlines signed a memorandum on strategic cooperation. Transaero will seek to increase its traffic by 50% annually for five-years. Transaero will contribute to attractiveness of air traffic from Terminal F and creation of a positive image of Sheremetyevo.

Aeroexpress Traffic Up 73% in Q1
Aeroexpress, offering rail shuttle service between Moscow and the city’s main airports, improved its passenger traffic by 73% – to 1,857 thousand people – in January-March, 2010 against the same period last year.

Domodedovo Won the EMA Award
On April 26 the Emerging Markets Airport Awards (EMAA) ceremony took place in Dubai (UAE) where Moscow Domodedovo Airport was named the winner in the category the Best airport over 10 up to 20 million passengers.

Dewey & LeBoeuf Advises on the Financial Close of Pulkovo Airport
Dewey & LeBoeuf acted for the City of St. Petersburg on the financial close of the ˆ1.1 billion Pulkovo International Airport PPP. The project involves the reconstruction, development and operation of the Pulkovo airport in St. Petersburg under a 30-year public private partnership (PPP) agreement. The project aims to develop the Pulkovo airport into a major transport hub for northwest Russia, and open a window into Russia's second city.


USRCCNE and Member News

USRCCNE Innovation Discussed by Russian Delegation to Boston
From March 27 – 30, a high level Russian delegation participated in an intensive introduction to the innovation ecosystem in the Boston/Cambridge area.

Innovation Forum Showcases Emerging Technologies in Ukraine
CRDF and the Ministry of Education and Science of Ukraine hosted the second Science & Technology Entrepreneur Program (STEP) Innovation Forum in Lviv, Ukraine on April 21, 2010. This event showcased emerging technologies in Ukraine, providing the participating teams with exposure to potential investors and partners.

SRAS Facebook Contest!
Send the students in your life (must currently be a student enrolled at a North American univeristy) to SRAS's Facebook account to win a free book about business in Russia!

Alinga Expands Legal Services
While retaining its current services of business formation, consultation on corporate, labor, and migration law, and dispute resolution, and audits of corporate documents, Alinga has now grown to offer services specific to real estate investment, mergers and acquisitions, anti-monopoly and strategic investments clearances.

Dewey & LeBoeuf Advise on $1.5 Billion Eurobond Offering
In a landmark transaction in the wake of the recent global economic crisis, which particularly impacted Kazakhstan, Dewey & LeBoeuf has again advised JSC National Company KazMunayGas (KMG) and its Dutch finance subsidiary, KazMunaiGaz Finance Sub B.V., in connection with the update of KMG's Global Medium Term Note Programme, the increase in the size of the Programme to $7.5 billion and the issuance of $1.5 billion 7% Notes due 2020 under the Programme.

Benefit Concert Helps Blind Students in Russia
The benefit concert, organized by the MN Adamov Memorial Fund for the Blind was held at Killian Hall on the campus of MIT on Sunday, April 18, 2010.


Articles & Resources


Language and Culture Resources
Watch Russian
movies this Summer!



Uralic Languages Endangered in Russia
In this new original article written for the USRCCNE newsletter, Karen Politis Virk of USRCCNE member company Language Connections introduces us to the problems of sustaining minority languages in Russia.

Business in Russia Survey!
Professors Daniel McCarthy and Sheila Puffer of Northeastern University, who have published extensively on business and management in Russia, are currently studying the use of favors in Russia and the US.

Economic News In Review
The following resource is meant to quickly introduce the reader to some of the major English-language commentary concerning the current financial crisis in Russia, how that crisis might affect Russia's government and ruling structure, and what the international outlook is for Russian business.

Small is Beautiful
Businesses have collapsed and companies hemorrhaged jobs during the crisis, Russian lawmakers are relying on the country’s nascent small and medium-sized enterprises to generate jobs through a small scale privatization program.

Regional Investment: LocomoSky puts $660m into hot air
The Ulyanovsk region will soon host one of Russia’s most ambitious R&D and production programs. Moscow’s LocomoSky has designed an estimated $660m lighter-than-air project aimed at manufacturing state-of-the-art, heavy-tonnage dirigibles. Subscribe to Marchmont News Service

Russian Corner: A Quick Introduction To Russian Labor And Immigration Law
All foreigners in Russia must follow Russian laws as a whole, but also immigration policy in particular. An article written by Alinga’s Head of Legal Practice explores different grounds for foreigner’s presence in the Russian Federation, such as work visas, temporary and permanent residence and obtaining Russian citizenship. Subscribe to the Alinga Market Update

Just for Fun: 7 Books for Summer Reading
The following are a handful of books that have recently come to our attention. Most have been recently published or updated and provide a wide range of interesting material. Contact SRAS for more information on how we can help scholars with visas, housing, insurance, and other on-the-ground support in Russia. Click here for new info from SRAS on funding study abroad! 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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