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Past Issue
June, 2011

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


USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

First, we would like to extend a warm welcome to an upcoming event hosted by USRCCNE member Russia Innovation Collaborative. Come meet innovators and government leaders from the Perm Krai on June 23rd in Boston! See our newsletter for more details!
Second, we have good news and bad news as concerns Russia's visa system. The good news is that parties on all sides of the table have announced that 3-year, multiple entry visas will soon be a reality between the US and Russia and 5-year professional visas will soon be available between the EU and Russia. The bad news is that Russia's DC consulate has announced that starting July 1, they will only accept visa applications via a new, online system – and that they are aware that the new system is flawed. In any case, you might want to seek out a qualified visa agent if you will be applying for a Russian visa after July 1.

See our newsletter for more details – and lots of great articles on Russian travel and business news!

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.


Upcoming Events

USRCCNE Perm Krai Innovation Roundtable
(June 23, 2011 - Boston, MA) Russia Innovation Collaborative invites you to a Roundtable and Networking Reception with Innovators and Government Leaders from the Perm Krai, one of most exciting emerging regions of Russia!

2011 BIO International Convention
(June 27-30, 2011 - Washington, DC) The 2011 BIO International Convention is the largest event for the global Biotechnology Industry. Register to attend the meetings and/or exhibit in the Russian Pavilion.

Culinary Walking Tour of Brighton and Brookline
(July 16, 2011 - Boston, MA) Where can you find the best Russian borsch, pirozhki, and caviar? What is the Russian way to drink tea and vodka? Discover the answers at our 3-hour culinary adventure while tasting delicious authentic Russian specialties. Learn how to make traditional Russian dishes and find out the unique Russian ingredients that can spark up your every-day meals.

Prosopon School of Iconology
(July 25-30, 2011 - Boston, MA) The Museum of Russian Icons is hosting the renowned Prosopon School of Iconology for an intensive six-day course on creating icons.

A Cultural Tour of Russia!
(August 6-14, 2011 - 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.

USRCCNE and Member News

Harvard Breakfast Recap
On Wednesday, June 8th, US-Russia Chamber of Commerce of New England in conjunction with UFG Asset Management and the Harvard Club of Boston had the pleasure of hosting a breakfast presentation by Deutsche Bank Russia’s Chief Economist & Central Bank advisor, Mr. Yaroslav Lissovolik. Over sixty members and guests attended this standing-room-only event.

Finalists Selected for CRDF Energy Grant
CRDF Global and Russian Foundation for Basic Research (RFBR) jointly agreed on the selection of six finalists as a result of the 2010 CRDF Global - RFBR V Energy Grant Competition. The competition was designed to support high quality, collaborative research in Russia in areas related to energy. The grants will provide funding to the six joint US-Russian teams for up to two years.

RIC and Academpark Sign Agreement
Russia Innovation Collaborative (RIC) and Academpark, the technopark of Novosibirsk Academgorodok, signed an agreement for RIC to provide services to residents of Academpark.

"Innovus" - Tomsk Innovation Forum
Daniel Satinsky and Cynthia Bouthot of Russia Innovation Collaborative participated in “Innovus,” the Tomsk Innovation Forum from May 26-27.

Russians to Showcase Technologies and Receive Tech Commercialization Training in Boston
Two scientist-entrepreneurs and two technology transfer professionals from Russia will travel to Boston to showcase their technologies and receive technology commercialization training - part of their participation in a travel grant program sponsored by the Basic Research and Higher Education (BRHE) Innovation program.

Chet Bowling Attends IGAF Polaris Tax & Corporate Finance Conference
This conference was interesting not only because of the content but also because it was the first event of the newly merged IGAF and Polaris International associations.

SRAS Solidifying Position in Ukraine
The School of Russian and Asian Studies is continuing to strengthen its position in Ukraine by further developing its programs there and presenting expanded info online about its partners and programs.

Travel News! 


 Study Abroad
in Russia!

If you have an ad to submit to this space, contact us! Free for members!

5-Year Professional Visas Planned for Russian/EU
The five-year visa deal was negotiated parallel to ongoing talks about total visa abolishment.

US-Russia Three-Year Visa Expected
At their meeting on Thursday, Russian President Dmitry Medvedev and U.S. President Barack Obama announced plans to liberalize visa restrictions for businessmen and tourists traveling between the two countries.

DC Consulate Now Accepting Visa Applications Online
Russian embassy in D.C. has posted an online application site, that will be effective July 1st. They have stated that they will NOT accept any other application – although they have also stated that the new online application has several known bugs and shortcomings and that they are making accommodations for this. For anyone applying for a visa in the second half of this year, you may want to go through a qualified visa agent for processing!

How to Steal a Russian Airport
The decision by the owners of the Domodedovo airport to withdraw its I.P.O. helps explain why Russia simply cannot have a modern economy until it has a real rule of law.

SVO to Build Largest Cargo Terminal in Eastern Europe
Sheremetyevo International Airport has begun work on a new multi-modal cargo complex.  

Emirates Airline starts its flights to Saint-Petersburg
Emirates will soon begin service to the Northern Capital on November 1, 2011.

 Articles & Resources

A Country for Millionaires
By the end of the decade, the current figure of 375,000 dollar millionaires will soar, and the country will rise to 13th out of the world’s strongest 25 economies according to Deloitte.

Can Authoritarian Russia be a Tech Giant?
In the case of Russia, we may be discovering that authoritarianism and invention can co-exist more easily than liberal democrats might hope.

Yandex Makes US Debut With IPO
Citing unidentified sources, Reuters reported today that the shares had already been presold and that the company raised $1.3 billion, 19 percent more than expected. Yandex had initially planned to sell the shares at $20 to $22. The company will list on the Nasdaq Stock Exchange under the symbol YNDX.

Obama to Name McFaul as Ambassador to Russia
President Obama’s pick for the next U.S. ambassador to Moscow is a trusted adviser who helped engineer the “reset” in U.S.-Russia relations three years ago, while also frequently chiding Kremlin leaders for backsliding on democratic reforms.

Russia to Spend $285 Bln on Roads over 10 Years
Russia will spend 8 trillion rubles ($285 billion) over the next decade to double the rate of road building, Prime Minister Vladimir Putin said Monday, addressing one of the most sensitive issues for voters.

Survey Shows Details of Urban Life
While the report claims there are "more similarities between Moscow and, say, London than between Moscow and Novosibirsk," and that Muscovites' annual retail spending, at 7,619 euros ($10,667), is more than twice as high as that of the average Russian (3,571 euros), it notes that Muscovites' retail spending is greater than that of the average German (5,600 euros) or Briton (5,760 euros).

Is Austerity Coming to Russia?
Whoever will be in the Kremlin after next year’s presidential elections needs to carry out tough economic austerity measures. That’s the message coming from a wide range of sources: liberal government ministers, Russia’s oligarchs and business analysts.

State Coaxes Investors With Numbers
Transparency and investor interest will increase for domestic companies reporting consolidated earnings after they are required to implement international accounting standards next year, Finance Minister Alexei Kudrin said Tuesday at a Presidium meeting chaired by Prime Minister Vladimir Putin.

Sberbank Online Tax System Goes Live
An online tax payment service, a Russian first, went live Tuesday giving millions of taxpayers the option of avoiding lengthy lines — but only if they have an account with the country's biggest lender, state-owned Sberbank.

IMF Warns Russia of Reform or Recession
Russia has dashed hopes that the 2008-2009 economic crisis would spur needed economic reforms aimed at modernising the economy, a mission from the International Monetary Fund has concluded.

$300m to Make Russia a Global Microelectronics Player
Russia’s nanotech giant, Rusnano, France’s Crocus Technology and a number of international VC co-investors are injecting a reported $300+m into Russia-based production of next-gen magnetoresistive random access memory (MRAM) chips. When launched, it’s expected to be the world’s first manufacturer of high-density MRAMs built on Crocus-developed thermally assisted switching (TAS) technology with 90 and 65nm design rules. Subscribe to Marchmont News Service  

Russian Corner: What's New in Accounting and Taxation for 2011
Alinga's latest professional seminar in Moscow was a great success! They've placed all the presentations online (Russian only) for all to learn from! Subscribe to the Alinga Market Update

Just for Fun: 7 Books By Michael McFaul
McFaul, as a Russian scholar, has written quite prolifically on Russia (and his opinions) - the books below can illustrate what those opinions are and give some insight into where America's relations with Russia will go next. Subscribe to the SRAS newsletter 



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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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