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Past Issue
September, 2010

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


USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

While the fires have passed, quenched by fall rains and lower temperatures, the political fallout from them continues. Governors have resigned and been dismissed, and now Moscow Mayor Yuri Luzhkov's well-timed vacation, which kept him in Europe during most of the smog, is now being used as one piece of evidence against him in documentaries aired on all Russia's major television channels. From Vesti 24 (Russia's CNN) to First Channel (Russia's most watched), news programs are accusing the long-standing mayor of corruption, nepotism, inefficiency, and ineptitude.

While it is highly likely he may be forced from his position soon, it is unlikely that the government can risk a major political shakeup this close to the 2011 parliamentary elections and 2012 presidential elections. Whoever is appointed (the mayor is now appointed by the Kremlin, not elected), will obviously have considerable power to influence the vote – and Luzhkov's consistently effective managment of elections is one oft-mentioned reason for his long tenure.

With this in mind, while these moves against Luzhkov do represent a major political event, it is highly unlikely that it will result in a major political shakeup. Likewise, any economic fallout or effect on business will probably be focused on select individuals rather a wide reform or "house cleaning." Stability has been number one on campaign platforms including United Russia's new "Russian Conservatism" platform. It is likely to remain so for this election cycle.

Don't Miss This Month!

  • Upcoming events  (US-Russia Business Council 18th Annual Meeting, Russian Language Study Group)
  • Travel News (U.S. "Tourist Tax", Sheremetyevo Low-Cost Service)
  • Member News (Auriga on the Russian Market, Race and Business in Russia)
  • Articles and Resources (IFRS in Russia, Technopark in Novosibirsk's Academgorodok)

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.


Upcoming Events

From Silicon Valley to Skolkovo: Forging Innovation Partnerships
(October 20-21, 2010 - San Francisco, CA) This year's US-Russia Business Council Annual Meeting will focus on efforts to drive innovation and modernize the Russian economy across a range of sectors, and how cooperation between Russian and US companies can help propel long-term growth and development in both countries. In addition to discussing Russia's place in the global economy, the meeting will highlight the potential for cutting-edge technologies to revolutionize Russia's market. The meeting will also bring together top experts in Russia and on Russia for dynamic and interactive discussions on the promotion of entrepreneurship.

USRBC Luncheon with the World Trade Center Moscow Delegation
(September 17, 2010 - Washington, DC) The luncheon will provide participants an opportunity to engage with a broad group of commercial representatives and business owners from across Russia. The delegation's business representatives hail from a variety of sectors, such as construction, machine-building, finance, retail, legal and information services, and education. The delegation will also visit Baltimore and New York to explore the practices of World Trade Centers in the United States.

Opening Reception at the From Russia With Art Gallery
(September 17, 2010 - Cambridge, MA) From Russia With Art Gallery is pleased to present an Opening Reception for Sculptor Masha Volkova.

Russian Language Study Group at the Museum of Russian Icons
(Saturdays, starting October 2, 2010 - Clinton, MA) Learning a second language can be absolutely invaluable in many situations. With Russia playing an increasingly dominant role in global business and politics, learning conversational Russian will give you a distinct communications advantage. This course will teach you the basics of conversational Russian.


Travel News!
The People's Friendship Fountain is a classic piece of Soviet Propaganda encouraging different people to live together peacefully. Photo by SRAS Student A. Sanders.

Travelers visiting the US pay fee to enter
Starting Sept. 8, travelers flying to the states from certain countries will be required to pay a $14 "operational and travel promotion" fee if they do not possess a US visa.

Sheremetyevo International Airport Adds Low-Cost Service
A low-cost air carrier Avianova has transferred its flights to Sheremetyevo International Airport. Sheremetyevo International Airport is the first Russian hub that organized a special low-cost terminal based on Terminal B.

Aeroexpresses Schedule Adjusted Due to Repairs
On some days in September, due to reconstruction of a crossover, the schedule of Aeroexpress electric trains from the Belorussky train stations to Sheremetyevo airport and back will be changed.

Aeroexpress to Increase Auto-ticket Machines
Aeroexpress is developing a system of electronic ticket sales with the aim of increasing the quality of its passenger service. Aeroexpress is installing automatic ticket printing machines in airports and train stations. 


USRCCNE and Member News

Auriga on Russian market: 2009-2010 breakthrough years
Though traditionally perceived and positioned as an outsourcing R&D services provider oriented to the Western market, Auriga has been delivering software development services for Russian clients as well.

SRAS's Lisa Horner to Vist New York
SRAS's Lisa Horner will be in New York from September 22-28.  She will attend the Culture and Languages across the Curriculum (CLAC) conference and meet with local universities about the benifits of studying Russian and studying abroad!

Alinga's Chet Bowling on Race and Business in Russia
Chet Bowling, from Guyana, co-founded Alinga Consulting Group, a business providing accounting, legal, and audit services mostly to foreign firms. He has lived in Russia for nearly nineteen years and recently gave an interview to SRAS as part of a series done for a special-issue newsletter on Race in Russia.


Articles & Resources

Policy Matters: Russia & Post-Crisis Financial Reform
The August issue of Policy Matters analyzes the potential consequences of international financial reform on Russia’s financial markets and on Moscow’s competitiveness as an emerging financial center..

Russia rewards public gusto with another $320m ‘cash-for-clunkers’ program
In a bid to further stimulate new car sales Russia is putting up another $320m to extend what the government touts as a “very successful” ‘cash-for-clunkers’ program to take old cars off the road.

In Russia, a Shortage Triggers Soviet Habits
Russian supermarkets are well-stocked these days, but a sudden scarcity of buckwheat, a beloved staple, has many in a panic.

Nizhny’s Linda Poultry on sale
Moscow’s Prodo is seeking a buyer for its loss-making Linda Poultry in the Nizhny Novgorod region. With an expected less that $30m fire sale price it looks like a good deal. But is it worth spending that much plus an annual $15m for years to revamp the farm that now faces, alongside other Russian poultry plants, imminent U.S. competition?

Novosibirsk’s Akademgorodok eyes $343m technopark
A total of $343m is to be spent on creation and development of high-tech technopark in Novosibirsk’s Akademgorodok. Subscribe to Marchmont News Service

Russian Corner: The Rough Guide to IFRS in Russia
International Financial Reporting Standards (IFRS) are used by the majority of the world’s countries. In Russia, IFRS is becoming more and more popular every year. Companies that use or would like to use IFRS understand that without using a system of unified financial reporting that is transparent and understandable to the majority of "players" in the market (in both domestic and international markets), their business will not develop. Subscribe to the Alinga Market Update

Just for Fun: Drink Kvass!
Make your own kvass at home! Recipes, history, and entomology for Russia's ancient national beverage. 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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