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Past Issue
November, 2012

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

This month has several exciting developments to report on.

First, we can expect to see Russias international profile raised slightly by its Russia's new presidency of the G20, which it has pledged will focus on helping countries manage sovereign debt and secure long-term investment.

Second, while Russia's recent WTO ascension has not yet had tangible effects, we can expect a positive dynamic in US-Russia economic relations with the passage of the Russia and Moldova Jackson-Vanik Repeal Act of 2012, which is now past the House and on its way to the Senate. President Obama has already voiced official support for the bill.   

There are also lots of other interesting development in individual markets from fashion to finance and from energy to alcohol. We have all this and more in this months USRCCNE Newsletter!

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


PME.jpg

The St. Petersburg Men's Ensemble will play in Clinton, MA on December 15th! 

Traditional Russian Tea
(December 6, 2012 - Clinton, MA) Learn about the traditions and customs surrounding tea and its service in Russia with presenter Larissa Dyan. Then, relax in the Museums Russian Tea Room as you enjoy tea brewed in a samovar and served in traditional teaware. Sample authentic Russian pastries and snacks including pryanik (gingerbread).

Family Day at the Museum of Russian Icons: Let it Snow!
(December 15, 2012 - Clinton, MA) Come visit the Museum of Russian Icons to learn more about Russian culture and create your own art inspired by snow! Enjoy family-friendly tours, a special folktale performance, free refreshments, and arts & crafts activities inspired by snow.

Concert: St. Petersburg Men's Ensemble
(December 15, 2012 - Clinton, MA) The St. Petersburg Men's Ensemble's repertoire encompasses various periods and styles - from ancient Russian chants and chorals of Western European masters, to modern, contemporary musical techniques.

17th European Career Fair at MIT
(February 23-25, 2012 - Cambridge, MA) MIT European Club organizes the annual European Career Fair (ECF), the largest recruiting event in the US that focuses on career opportunities in Europe. ECF attracts 5000+ elite students from MIT, Harvard, Ivy League, etc., as well as 100+ European and international companies and organizations.

USRCCNE and Member News

SRAS Offers New $11,000 Scholarship to Aspiring Journalists
Home and Abroad: Report for Spring, 2013 offers $11,000 to students hoping to build writing, research, reporting, and language skills at home and abroad. Applications due by November 30th!

Asia-Plus on Virtual Science Library (VSL) Programme
In October 2012, CRDF Global launched the Virtual Science Library (VSL) Programme in Kazakhstan, Kyrgyzstan and Tajikistan. The programme is funded by the US Department of Energy's Global Initiatives for Proliferation Prevention (GIPP) in order to build capacity at the national level for researchers in each country to better access and disseminate scientific research.  

Pan-REC Conference Held in Russia
CRDF Global, with the support of Yaroslavl State University and the Russian Ministry of Education and Science, held its final Pan-REC conference under the Basic Research and Higher Education (BRHE) program on September 20-21, 2012 in Yaroslavl, Russia.

Auriga Starts Blog
Over the last few months, Auriga has been expanding its web presence significantly and now offers readers a blog.

Chet Bowling Attended the European Tax and Assurance Conference
Chet Bowling, Managing Partner of Alinga Consulting Group, attended the European Tax and Assurance Conference of PrimeGlobal in Malta from the 19th to 22nd of October. He participated in a panel on Permanent Establishments and how they differ from country to country.

Alexei Spirikhin Speaks At The Tax Conference
Alexei Spirikhin, a Director with Alinga Consulting Group, spoke at The Annual Tax Conference. The confrence is hosted by the American Chamber of Commerce in Russia (AmCham) and this year attracted approximately 120 executives of the organizations member firms. Alexei spoke specifically on consolidated groups of taxpayers, which can, for example, be used to simplify transfer pricing procedures and to ease the profit tax burden for certain corporations (holdings).


Travel News!

Study Abroad
in Russia!

Russian Far East 

Moscow Ready for Visa-free Travel Talks, Americans in no Hurry
Russia and the United States should agree to 90-day visa-free travel, Russian Deputy Foreign Minister Sergei Ryabkov said in an interview with the Public Post news portal.

EU Looks at Easing Visas for Russians, Chinese
With newly-affluent Russians and Chinese queuing up to tour the EU, Brussels on Wednesday urged European nations to facilitate travel visas to help spur badly-needed economic growth.

World Cup Cities Draw Hotel Brands
Now that FIFA has finished choosing the host cities for the 2018 World Cup in Russia, the race is on to build hotels there.

Marriott To Double Russia Hotel Portfolio
Leading hotel operator Marriott International has announced moves to strengthen its presence in Russia a nation whose profile as a travel destination is sure to grow over the next few years.

EasyJet Awarded Rights to Fly London to Moscow
EasyJet will operate an Airbus A320 on two services a day between London Gatwick and Moscow Domodedovo airport from Spring 2013.

Bargain Airlines Targeting Russian Market
Budget airlines are fighting for Russian airspace, and consumers stand to reap the benefits from increased competition.

Moscow to Introduce Public Transport Ticket for Tourists
The universal ticket, aimed at tourists, will allow for unlimited use of all public transport for one day, and will cost 200 rubles. It will be introduced in April.

Russia Approves Cafe and Restaurant Smoking Ban
A meeting of Cabinet ministers has approved an anti-tobacco bill that will see smoking banned in playgrounds, schools, universities, government buildings and, starting from 2015, cafes and restaurants.

 

Articles & Resources

Implications of Russias New Membership in the WTO
Russia will have to make significant changes to its trade practices and conform to WTO standards. They will have to lift restraints on much of the economy in order to improve trade relations with all countries including the US. However, for both Russia and the US to benefit, the US must also extend the same trade practices it currently grants other countries in accordance with standards set by the WTO for its members. Subscribe to the LanguageConnections Newsletter

Russia Taking Over G-20 With Focus on Debt, Long-Term Investment
Russia will use its term as president of the Group of 20 to make recommendations on how to manage sovereign debt and help countries identify funding for long-term investment, Finance Minister Anton Siluanov said.

US to be World's Top Oil Producer by 2020
This year's World Energy Outlook, issued by the Paris-based International Energy Agency (IEA) on November 12, predicts the United States, driven by improved upstream technologies that that enable economically efficient hydraulic fracturing or "fracking" (horizontal drilling to access deep shale formations) and increased energy efficiency, will overtake Saudi Arabia and Russia as the world's top oil producer by 2017 and become a net exporter by 2030. The US will also surpass Russia as the world's largest gas producer by 2015.

Moscow and Siberian Scientists Turn Waste into Coke, Fuel, and More
Scientists from Moscows Mendeleyev University of Chemical Technology of Russia and Siberias Irkutsk State Technical University have developed a microwave reactor to recycle household waste into useful products.

Browder: Magnitsky Law by Year-End
The US House of Representatives on Friday passed a landmark bill that would allow permanent normal trade relations with Russia and at the same time punish Russians suspected of human rights abuses, including those involved in the death of Hermitage Capital lawyer Sergei Magnitsky.

Is This the Move Against Corruption Russia has been Waiting for?
Last week Putin dismissed Defence Minister Serdyukov and Sergey Shoygu, the popular long-time Emergency Services Minister was appointed to replace him.

Micro-economic Overview of Russia and the CIS
What has changed in the last 12 months and what is Russias economic & political outlook for the next two years? Where is the region placed versus the rest of the world?

Lowest Tax Rates are in Japan, Russia and Australia
The BRIC countries - Brazil, Russia, India, China - all have some of the lowest levels of personal tax and social security contributions.

Russian Analytical Digest: Foreign Economic Policy
The Russian Analytical Digest (RAD) analyzes recent events, trends and developments within contemporary Russian politics, economics and business, foreign policy, security and society.

Medvedev Looks to Establish Copyright Courts in Russia
Prime Minister Dmitry Medvedev believes that it is reasonable to set up special courts protecting intellectual property. The prime minister submitted the corresponding proposals on Monday.

Analysis: US Manufacturers Turn to Russia
At a time when tepid growth at home, a slowing Chinese economy and recession in much of Western Europe is dogging Corporate America, Russia is getting newfound attention as a growth market for U.S. machinery, consumer goods and services.

More Bucks for Your Clucks
Where Russians and much of the world see a largely useless and vaguely disturbing by-product of poultry processing, 28-year-old Samara native Anna Khay saw an opportunity to build her own business.

Russia to Lower Oil Export Tax 3.4% in November After Urals Fell
Russia, the worlds biggest energy exporter, will reduce duties on most oil shipments abroad by 3.4 percent from Nov. 1 after Urals crude prices fell.

BAT and Imperial Tobacco Slide on Proposed Russian Tax Boost
British American Tobacco Plc (BATS) and Imperial Tobacco Group Plc (IMT) fell the most in about a month in London trading after a report that health regulators in Russia, the second-largest tobacco market, proposed raising cigarette taxes almost eightfold.

Jim Beam Didnt Get Putin Memo as Whiskey Eyes Russians
In a campaign to help his people live longer, Russias president is pushing the biggest crackdown on alcohol since the cold war. That could complicate Beams efforts in a nation thats a cornerstone of its emerging-market strategy.

Build Your Own App: iBuildApp
A US-based team of Russian IT developers, iBuildApp, has been pushing its innovative mobile infrastructure project aimed at providing businesses with affordable and easy-to-handle ways of building and managing mobile applications.

Kendrick White: We cannot wait another twenty years
A US-Russia Bilateral Presidential Commission meeting was held on October 30, during which overseas and Russian experts debated ways that the participants thought were beneficial for Russia to choose in its drive for innovation. Marchmont CEO Kendrick White took part as an American expert. Subscribe to Marchmont News Service

Russian Corner: Procedure for Calculating VAT on Settlements with Foreign Suppliers
Value-added tax is one of the most complex taxes for Russian companies in terms of accounting. Organizations often run into different accounting problems for this tax. Subscribe to the Alinga Market Update

Just for Fun: Electrichka - Russian Commuter Train
Russians living near big cities often use the elektrichka to commute to work, to go shopping, or to reach wider entertainment or cultural opportunities. Subscribe to the SRAS Newsletter


 Never Too Many Books!
Frozen Art Frozen Dreams:
Contemporary Art in Russia
Tattoo Encyclopedia Russian Criminal Tattoo Encyclopedia

The Russians World The Russian's World:
Life and Language

USRCCNE

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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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