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Past Issue
February, 2012

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

Russian investment funds have become a new source of financing for Massachusetts technology companies. Practical collaboration includes not only investment, but access to Russian markets and research resources. Please join us for a program and panel discussion focused on the opportunities and practical aspects of funding through Russian investment funds. The program will highlight five Massachusetts companies who have received funding from leading Russian investment funds Rusnano and Maxwell Biotech.

Also check out our newsletter this month for the latest on travel to Russia, business in Russia, and, of course, how our members are innovating and profiting by bridging the gap between the two giant countries of Russia and the US!

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

Russian Investment and Massachusetts Technology - Winning Combination
(March 13, 2012 - Boston, MA) Please join us for a program and panel discussion focused on the opportunities and practical aspects of funding through Russian investment funds. The program will highlight five Massachusetts companies that have received funding from leading Russian investment funds Rusnano and Maxwell Biotech.

EuraMedia Summit
(May 25-26, 2012 - Boston, MA) The first annual summit dedicated to development of Eurasian social media and application markets will bring together industry leaders and politicians to create and make deals, with the goal of expanding successful US social media and on-line retail operations into Russia and other Eurasian markets.

Energy Efficiency Solutions Trade Mission to Russia
(June 4-7, 2012 - Moscow and Saint-Petersburg, Russia) New Russian laws requiring a 40% reduction in energy intensity by 2020 and a new Climate Change Policy are stimulating the market in Russia for energy efficiency technologies and solutions that improve and sustain the environment. To help U.S. firms with goods and services in these sectors access the Russian market, the U.S. Commercial Service is organizing a trade mission to Moscow and St. Petersburg. Firms will meet with potential buyers and partners one-on-one, and with Russian government officials, be hosted at networking events, and learn the local business culture.

Russian-American Innovation Technology Week (RANIT-BIO)
(June 14-21, 2012 - Philadelphia, PA; Boston, MA) Held in Philadelphia and Boston, the 16th RANIT-BIO will highlight biotechnology, pharmaceutical industry, nanotechnology, chemical industry and the life sciences.

Celebrate Maslenitsa
It's Maslenitsa!
Celebrate Maslenitsa!
(February 24 - Framingham, MA) Maslenitsa also known as Butter Week or Pancake week, is a Russian and Ukrainian and Belarusian religious and folk holiday. It is celebrated during the last week before Great Lentthat is, the seventh week before Eastern Orthodox Easter). Come and Celebrate Maslenitsa at St. Johns!

Maps: Pathways to Russia
(February 28 - May 26, 2012 - Clinton, MA) As an icon offers the devout worshipper tangible evidence of the intangible heavenly world, an early map confirms the reality of a far-away land that lies outside the observer's sensory experience. In this unique exhibition Maps: Pathways to Russia, we trace the Wests discovery of Russia through a carefully selected sequence of original maps and views, printed in Europe during the 15th through 18th centuries.

Pysanky Ukrainian Easter Egg Decorating Workshop
(March 10, 2012 - Clinton, MA) Just in time for Easter! Explore the art, symbolism and joy in creating pysanky. Pysanky are Ukrainian Easter Eggs, decorated using beeswax and dyes that are applied in layers. Each participant will create a unique and beautiful egg in this hands-on workshop.


USRCCNE and Member News

Personal Income Tax Filing for Foreigners Living in Russia
Filing your personal income taxes in todays global world can be complicated and time-consuming. Income and assets in multiple countries mean juggling multiple sets of tax legislation and dealing with multiple tax agencies. Alinga Consulting Group, experts in Russian taxation and accounting since 1999, helps expats living in Russia file their personal income taxes. 

PNTR with Russia is U.S. Business Top Legislative Trade Priority for 2012
When Russia joins the World Trade Organization (WTO) in the coming months, it will improve its business climate, committing to intellectual property protection, eliminating non-tariff barriers, and liberalizing key sectors such as services. The United States will not benefit from such market reforms unless Congress passes legislation to graduate Russia from the Jackson-Vanik amendment and establishes Permanent Normal Trade Relations (PNTR).

Russia Venture Company Opens Office in Boston
Russia Venture Company USA officially opened its U.S. headquarters in Boston with a gala reception and dinner on February 9.

Skolkovo Institute of Science and Technology Research Center Conference in Cambridge, MA
Skolkovo Institute of Science and Technology (SkTech) and MIT sponsored a major conference on February 9 & 10 in Cambridge, Massachusetts introducing ambitious plans to establish a network of new SkTech affiliated research centers.

Dewey & LeBoeuf Advises Alfa Bank on Sale of Merchant Acquiring Business
Dewey & LeBoeuf has represented Alfa Bank, one of the largest Russian private banks, on the sale of its merchant acquiring business to United Card Service (UCS), a Russian subsidiary of Global Payments Inc., the leading international payment processing company.

SRAS Launches Culinary Adventure
This summer explore Ukraine, Crimea, and Georgia. Study the language, learn about the culture and history, and cook and eat traditional dishes from these extraordinary locations!  


Travel News!

Study Abroad in Russia!
culinary-adventure2 
If you have an ad to submit to this space, contact us! Free for members!

Aeroexpress Launches Services in Sochi
Aeroexpress has begun providing regular passenger transport services in Sochi. A ceremony was held on 15 February 2012 to mark the launch of the railway service between the city centre and the airport.

Moscow May Turn Prisons into Hotels
Though the decision has not been made yet, Russia's Penny Lane Realty real estate operator has worked out a rating of the most liquid penitentiaries, which occupy about 148,000 square meters in the capital.

Putin Would Tighten Registration Rules
If he wins the presidency again, Putin vows to retighten registration rules for foreigners that were relaxed under Medvedev.

Aeroflot Named in US Lawsuit
Russian national air carrier Aeroflot has been accused of extortion in the US.

Russian Railways to Expand Internationally
New gauge systems will allow Russian trains to travel more easily to Europe while Russian Railways explores development in other parts of the world.

Moscow: Worlds 4th Most Promising Tourist Spot
TripAdvisor, a travel website, placed the city in the fourth position out of the 15 most dynamic and developing tourist destinations.

Articles & Resources

Russias Regime of Foreign Investment Restrictions in Strategic Sectors (PDF)
This briefing summarizes the relevant initial packet of laws and amendments (enacted in May and July 2008) and the follow-on related law amendments (of June 2008 and Nov. 2011), Government decrees and FAS and Ministry of Natural Resources instructions, rulings and explanations (both formal and informal) adopted since then to date.

Gazprom's Empire at the End of the Earth
The Russian energy giant has a lot riding on the success of a massive new gas field 250 miles above the Arctic Circle.

Netflix and Hulu Set Eyes on Russia
"It's our 10-year objective to pull this off," said Reed Hastings, CEO of Netflix.

E-Commerce in Russia: Accessing the Russian Market via the Internet
E-commerce, in particular, has recently begun to boom due to growing access to the Internet as well as the relatively small investment needed to enter new e-commerce markets.  Subscribe to Language Connection's Newsletter

Russian Regions: Tomsk Suture for Surgeons of the Future
Three Tomsk universities have pooled their expertise to develop a new generation of biodegradable surgical suture using an advanced high-purity substance that can be domestically produced. Subscribe to Marchmont News Service

Russian Corner: Declaring Personal Income Tax in the Russian Federation
This article, written and maintained by the professionals at Alinga Consulting Group, explains the procedure and many aspects of declaring personal income tax and filing tax declaration in the Russian Federation. It addresses the issues of tax status (tax residents vs. non-residents of RF), tax rates for residents and non-residents, the categories and maximum amount of tax deductions among other issues. Subscribe to the Alinga Market Update

Just for Fun: The Eurasian Cookbook
Russian pickles, sticky-sweet chak-chak, and hearty Central Asian lagman are just of the great recipes and histories that SRAS has added recently to this unique resource! Subscribe to the SRAS newsletter


 Never Too Many Books!
Molokhovets Banned in the USSR! The Food and Cooking of Russia The Basics of
Russian Cooking
Food in Russian History A History of the
Russian Diet

USRCCNE

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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