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Past Issue
July, 2012

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

There is big news for international business in Russia this month. WTO has been approved by the Duma and signed by President Putin and expected to start taking effect in August. A new visa regime is also now approved for travelers between the US and Russia that will make life much easier for everyone traveling between the two countries. It's expected to be in place sometime in 2013.

USRCCNE would also like to thank everyone who participated in our own international event, "Russia's Place in World Biotech" on June 20th. Thanks for joining us for this fascinating breakfast seminar on the sidelines of BIO International, the largest biotechnology conference in the world. We hope to host many more confrences such as this one in the future.

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.

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 welcomed leading members of the Russian delegation to the 2012 BIO International Convention at a business breakfast seminar on Wednesday, June 20 at the offices of Chamber member K&L Gates.

Palekh Icons: The Enchantment of Russian Painting
(June 14 through September 1, 2012 - Clinton, MA) Works from the private collection of a Berlin art dealer and restorer, Thomas Mönius, are augmented with paintings from the Museum of Russian Icons collection, and showcased in new exhibition.

SnapShot Tours: Summer Series at the Museum of Russian Icons
(beginning July 5, 2012 - Clinton, MA) These 20 minute weekly talks/tours by museum volunteer tour guides highlight aspects of the collection. They take place at 5:15 pm and again at 6 pm. Make the Museum of Russian Icons your Thursday evening destination this summer!

Prosopon School of Iconology
(July 30 - August 4, 2012 - Clinton, MA) The Museum of Russian Icons has the honor of hosting the renowned Prosopon School of Iconology for an intensive six-day course on icon writing.

USRCCNE and Member News

SRAS Students Interviewed in Vladivostok
Two SRAS students were interviewed in Vladivostok for the student magazine at Vladivostok State University of Economics and Service.

Alinga Expands Global Resources through Strategic Membership in PrimeGlobal
Alinga Consulting Group (Alinga) is pleased to announce that its accounting association of choice has launched a new name and image that reflect its status as the third largest association of accounting firms in the world. Formerly known as IGAF Polaris, the new PrimeGlobal provides Alinga with significant expertise and resources to meet growing client needs, both internationally and domestically.

Language Connections at the Bio International Convention 2012
Bio International is one of biotech's largest conventions which brings together leaders of the industry from around the world. Language Connections was chosen by BIO to translate their website and marketing outreach materials for this year's convention into several different languages, and provided interpreting services during key meetings, panel discussions, local company visits and presentations with leading government delegates and company officials from Turkey, China, Spain and Russia.

Doing Business in Russia and China
Russia & China offer great opportunities for UK-based firms. Alinga's Chet Bowling is going on a tour of England to prove it!

Auriga Actively Develops Mobile Banking for SMEs
One of the most topical issues among both members of the banking sector and analysts is the prospect of remote banking growth.

Travel Grant Winners Visit US
CRDF Global hosted nine scientists and technology entrepreneurs from Russia and Armenia in Boston, Massachusetts and Silicon Valley, California. The nine teams participating in this program are past winners of the BRHE Innovation, TEDP and STEP competitions.

US-Ukrainian Researchers to Develop Wiki Information System
Ukrainian scientists from the Donetsk National Technical University, headed by Professor Gennadiy Averin, Head of the Department of Computer Systems for Monitoring, joined their forces with a research team from the Department of Computer Science at the University of Minnesota (USA). Their goal is to discover synoptic patterns of climate variability and change using data mining and high performance computing.

Travel News!

How do you prefer
your accounting?
If you have an ad to submit to this space, contact us! Free for members!

Visa Regime Between Russia and US Relaxed
The Duma has approved the new deal - which should give Russians and Americans multi-entry visas good for three-years and valid for stays of up to six months.

Moscow Wants to Go Visa-free
The proposal would allow foreigners to visit the Russian capital for three days without a visa.

Getting a Russian Visa Takes a Lot of Application
A correspondent for the Washington Posts writes about his experience with the new outsourcers handing applications for Russian visas in America.

Vladivostok Gets Aeroexpress Service
At the end of July, Aeroexpress will begin service from the Vladivostok airport into the city of Vladivostok. The minimum fare is RUB 20 (less than $1).

Apple Cancels Gray Imports’ Warranties
Gadget users looking to have their foreign-bought Mac laptops and iPhones fixed had better bring their sales receipt, as local service centers are no longer repairing Apple products under warranty without the purchase paperwork.

Moscow Doubles Its Territory Officially
Moscow acquired on Sunday 150,000 hectares of neighboring territories from its southwest borders, following the city’s expansion plan brokered by then-President Dmitry Medvedev in 2011.

Train Stations to Get Luxury Dining
Train stations across Russia, notorious for collecting grime and attracting the homeless, are set to get luxury-class restaurants.

Americans Held After Crossing Bering Strait on Jet Skis
Six Americans who crossed the Bering Strait on jet skis as part of a television reality show are being held by Chukotka authorities for purportedly lacking valid travel documents.

Articles & Resources

Putin Signs WTO Protocol
The transition period to liberalization of access to Russia's markets is two to three years, but this is extended to five to seven years for markets requiring more protection such as the automobile industry and agriculture, agricultural machinery production and light industry.

Clinton Supports Normal Trade Relations
Secretary Clinton: "Later this summer, Russia will join the World Trade Organization (WTO) in the culmination of a process that began nearly two decades ago. This is good news for American companies and workers, because it will improve our access to one of the world's fastest-growing markets and support new jobs here at home."

From Farms to Factories, Russians Wary of WTO
Some Russian trade groups say WTO membership could ruin thousands of businesses. Nearly 100 major business leaders and industry groups signed a petition to the ruling United Russia party, asking that its deputies vote against ratification.

Russia Among Top Ten Investor-friendly Countries
Russia is ranked 8th in investor attractiveness ratings compiled by experts of the UN Conference on Trade and Development for corporate investments in 2012-14.

2013–2015 Budget Address Signed
At a meeting with members of the Government and the Federal Assembly leadership Vladimir Putin announced that he has signed the 2013–2015 Budget Address.

Meeting with Representatives of Business Organisations
Vladimir Putin held a meeting with representatives of the Russian Union of Industrialists and Entrepreneurs, the Chamber of Commerce, Agency for Strategic Initiatives, national public associations Delovaya Rossiya and OPORA Russia.

The Top 10 Russian Internet Brands out to Conquer the World
Russian versions of global brands are outstripping the market leaders, thanks to targetted local market knowledge, massive internet growth and a reticence of “western” brands to target the territory.

Russian Banking: Abacus to ATM
Sberbank transforms into a modern financial institution.

BP's Intentions Questioned Over Russian Venture
The Wall Street Journal interviewed Mikhail Fridman, chairman of Alfa Group and AAR, BP's partner in its TNK-BP joint venture in Moscow on June 27.

New Chapter for Russia’s Indie Bookshops
As the country’s two biggest publishers join forces, small stores fight to keep independent publishing afloat.

The Billionaires List
Changes in the list, and the size and source of the fortunes, can provide a quick indicator of how well positioned emerging markets are to compete in the global economy.

Russia Participates in Global Super-wire Competition
Russia’s nuclear energy giant, Rosatom, and national nanotech driver Rusnano have launched pioneering production of what the developers refer to as “brand new” composite nanostructured conductors that combine increased conductivity and durability. Subscribe to Marchmont News Service

Russian Corner: Accounting and Tax Reporting for Exchange Rate Losses and Profits in Russia
With the ruble's current volatility, many companies are seeking stability by pricing goods and services in dollars, Euros, or even "conventional units," a Russian term for a made-up denomination, which is usually based on the dollar, euro, or given its own exchange rate. However, according to Russian legislation, for accounting purposes, the value of assets and liabilities expressed in foreign currency must be converted to rubles, thus creating exchange rate gains or losses that must be accounted for in the company's accounting and tax reporting. Subscribe to the Alinga Market Update

Just for Fun: The Journal of Russian and Asian Studies
SRAS has published the eleventh edition of Vestnik, The Journal of Russian and Asian Studies. In this issue, SRAS features astounding work from students on issues as diverse as suicide rates in Russia, voting patterns in Kyrgyzstan, and a comparison of the economic models adopted by various former soviet states. Subscribe to the SRAS Newsletter

Never Too Many Books!
Russian-English Translation Intro to Russian-
English Translation
is-that-fish-in-your-ear Translation and
the Meaning of Everything
Med-Dictionary-Phrasebook English-Russian
Medical Dictionary


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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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