The USRCCNE Monthly Newsletter
For those with interests bridging the US and Russia
From Josh Wilson, General Editor, USRCCNE
This month, our discussion of economy and travel overlap. Those coming to Moscow in the near future will likely notice its changing face. In addition to the majority of the currency exchanges closing (reported in our last newsletter), some 10% of all kiosks in Moscow have been removed, although the authorities now report that a formal order to close them was never given and some may be allowed to reopen – though many were physically demolished and would have to be rebuilt first.
In other travel-business news, Moscow's Sheremetyevo Airport has come one step closer to solving an organizational dispute that has caused some difficulties in organizing things like baggage handling. Also, the Moscow-Houston connection offered by Singapore Airlines is now daily as traffic has picked up between the two oil capitals.
Be sure to check out what your fellow members have been up to! Daniel Satinsky participated in a high-power venture capital delegation to Russia. SRAS collected more than 13,000 signatures in its fight to help save SUNY's Russian program. Dewey and LeBoeuf advised on a billion-dollar bond issue. Also, the CDRF has hosted a technology business plan competition!
Don't Miss This Month!
(Update on Doing Business in Russia; Russian Language Tea and Conversation)
(Russia Shuts Foreign Exchange Booths; Aeroflot Goes Budget)
(D. Satinsky in Venture Capital Delegation to Russia; Dewey & LeBoeuf Advise on Eurobond Offering)
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.
Russian Language Tea and Conversation
(November 20, December 18; January 22, 2011 - Clinton, MA) This informal conversation group is designed to provide conversational practice for people who have some knowledge of Russian. The meetings will take place on Saturdays (November 20th, December 18th, January 22). If you have taken our beginning Russian class, took Russian in college, learned some while traveling or from your family, you will find this a fun way to practice your skills.
Seminar: "Update on Doing Business in Russia"
(November 23 - Moscow, Russia) Alinga presents a Round Table Breakfast Discussion on Doing Business in Russia. Targeted at CEOs, Head of Rep/Branch Offices and CFOs, this informative seminar will include the following topics: Typical mistakes found during Russian Standards Audit of foreign own subsidiaries; Choosing an Auditor – things to keep in mind; Migration Law – Does Highly Qualified Specialist (HQS) work in practice?
St. Petersburg Men’s Ensemble Concert: "Russian Sacred and Folk Songs"
(December 9, 2010 - Clinton, MA) The St. Petersburg Men’s Ensemble was founded in 2003 to popularize Russian folk songs and secular and ecclesiastic compositions. Its members regularly perform internationally and will be giving their second concert at the Museum. The program will allow you to become more familiar with Russian spiritual music, as well as to get acquainted with the unforgettable diversity of Russian folk songs in a variety of genres and periods.
Ring in a Russian New Year!
(December 29 - January 05, 2011 - Moscow and St. Petersburg, Russia) This eight-day cultural travel package will show you why New Year is Russia's main holiday! See the vodka museum, ride in a troika, and learn traditional Russian crafts. Eat a home-cooked meal with Russians in their home. Sit in banyas and celebrate life. Top it all off with a gala New Year's dinner in Moscow! Sign up before November 29, 2010!
A production of Hamlet at the St-Petersburg State Theatre Arts Academy, where SRAS is now
offering a summer acting program!
SRAS Research Travel Services
SRAS's many years of experience in travel, research, and education are now at the disposal of those seeking educational tourism and those hoping to perform research in Russia. Let us help you with visas, accommodations, New Year's plans, archival work, and more!
Moscow menus in English? Spasibo, nyet!
Russia's Antimonopoly Service (AMS) is campaigning against the use of foreign words in bars and restaurants.
Google to sponsor airline Wi-Fi for holidays
Google said it will offer passengers on AirTran, Delta and Virgin America free Wi-Fi access this holiday season. The wireless internet through Google's Chrome browser will be available Nov. 20 to Jan 2. All three airlines have fleet-wide Wi-Fi that generally costs between $6 and $13.
TSA New Rules Please No One
The head of the Transportation Security Administration is defending controversial screening procedures at the nation's airports that have everyone from civil liberties groups to airline pilots upset.
Sheremetyevo International Airport Announces Board Meeting Results
The board of directors of Sheremetyevo International Airport have decided to join Terminal OJSC to Sheremetyevo International Airport, which may resolve the management disputes between them.
Moscow-Houston Daily Flights Now Available
Singapore Airlines now has seen enough traffic between the oil capitals of Moscow and Houston that it is opening daily flights.
Aeroexpress to Publish Magazine
Aeroexpress, a rail link to Moscow's airports has published the first issue of the Aeroexpress journey magazine.
USRCCNE and Member News
Winners Selected in Russian Technology Business Plan Competition
The BRHE Innovation Capacity Development Program, part of CRDF Global's Basic Research and Higher Education (BRHE) Program, hosted a Technology Commercialization Practicum from Oct. 13-15, 2010. Experts from Russia and the United States led professional skills development sessions for technology transfer professionals and workshops for students and faculty. The event culminated with a business plan competition, where participants "pitched" their technology commercialization plans to an expert panel of judges.
Global Innovation Partnerships
Daniel Satinsky, Russia Innovation Collaborative, and John Connor, Third Millennium Russia Fund, were included as special guests with the high-powered venture capital delegation to Moscow and Kazan. Organized by Alexandra Johnson and her staff at the Global Technology Symposium, the delegation was headed by California Governor Arnold Schwarzenegger. Russian President Medvedev and Governor Schwarzenegger jointly chaired a roundtable discussion on innovation and economic cooperation at the newly opened Skolkovo Business School, followed by an informational meeting with Viktor Vekselberg, President and Co-Chairman of the Skolkovo Foundation.
Dewey & LeBoeuf Advise on $1.25 Billion Eurobond Offering
Dewey & LeBoeuf has again advised JSC National Company KazMunaiGas (KMG) and its Dutch finance subsidiary, KazMunaiGaz Finance Sub B.V., in connection with the update of KMG's $7.5 billion Global Medium Term Note Programme, which (among other things) involved adding provisions to permit KMG to act as a direct issuer of Notes under the Programme, as well as the issuance of $1.25 billion 6.375% Notes due 2021 under the Programme.
Open Letter to SUNY-Albany Administration
Representatives of The School of Russian and Asian Studies (SRAS) suggested that the petition be signed electronically, opened to the general public, and sent to the administration as a single letter coordinated by representatives of Union College, SRAS, and SUNY-Albany. It has drawn over 13,000 signatures and 75 additional comments in support of keeping SUNY's Russian and other language programs.
Articles & Resources
Solagran Bets $40m on Innovative Drugs from Siberian Trees
Australia’s Solagran is putting $40m into a next gen pharma plant outside Tomsk to create drugs based on a natural substance contained in Siberian conifer trees. Research on their patented technology goes back to the 1930s. Solagran says their ‘silver bullets’ will be targeted at an array of serious diseases—from asthma and diabetes to liver diseases, central nervous system disorders and cancer, and possibly even the HIV.
Spain’s Antolin Says "Si!" to $40m St. Pete Auto Parts Plant
Spain’s Antolin has officially confirmed its $40m Russian auto component operations outside St. Petersburg will be completed next year. Its future plant will supply roof liners, window lifts and other parts to Russian-based international car makers, including Ford, Hyundai and probably Volkswagen. GM, Toyota and the Renault-Nissan Alliance may join its client base later. The Spanish arrival marks the further build-up of a car parts cluster in Russia’s North-West.. Subscribe to Marchmont News Service
Russian Corner: Russia's Simplified Taxation
With the current market realities, companies are focusing more than ever on cutting costs, including taxes. One possible method of tax reduction in Russia is to switch to the simplified tax system (STS). This updated two-part article will lay out the basics of what every company manager considering transferring to STS should know. Subscribe to the Alinga Market Update
Just for Fun: Modern Moscow
A new brief history and description of Modern Moscow. 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!