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Past Issue
February, 2013

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

Save the date! A high-ranking delegation from Moscow City Government will be visiting Boston on March 22. Investors are invited find out about Moscow and find out how to do business directly with the Moscow City Government. Also in attendance will be representatives of global companies that are already successfully working in Moscow. Keep an eye on our website and your mailbox for updates!

In the morning of Friday, February 15, a 10,000 ton meteorite traveling as fast as 68,000 miles an hour exploded above Chelyabinsk with a force of 20-30 nuclear warheads. Windows shattered, structural damage was sustained (totaling several million dollars of damage), and 1200 people were injured. However, amazingly, no one was killed.

While this month's big story of the meteor has arguably little to do with business, it does have implications for another focus of our newsletter– science and innovation. Meteorites of this size fall to earth only about once every 100 years. Its landing so close to a major city means that scientists are gathering chunks of debris relatively quickly – before it can react substantially with earth's atmosphere and thus diminishing its scientific value. Scientists hope that the rock can tell us about the origins of the solar system and more. The drama of these events, we can hope, may also spur more interest in space, technology, and science – three major drivers of innovation.

This month's newsletter contains several articles about Russia's current economic and political state and prospects for its development. 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

Moscow City
Discover how you can invest in Moscow at the Moscow Government Road Show with USRCCNE on March 22 in Boston. Save the date!

Moscow Government Road Show (Save the Date!)
(March 22, 2013 - Boston, MA) Save the Date! A high-ranking delegation from the Moscow City Government will be visiting Boston on March 22. Investors are invited find out about Moscow and find out how to do business directly with the Moscow City Government. Also in attendance will be representatives of global companies that are already successfully working in Moscow. Keep an eye on our website and your mailbox for updates!

17th European Career Fair at MIT
(February 23-25, 2013 - 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.

Pysanky Ukrainian Egg Decorating Workshop
(March 1, 2013 - 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. No experience is necessary.

Language Connections Medical Interpreter Training
(March 6 - April 20, 2013 - Register by February 22 - Boston, MA) Language Connections offers a six-week 60-hour medical interpreter training program in Boston developed by Harvard Pilgrim Health Care Foundation to enable participants to become competent medical interpreters. The program is offered in: Arabic, Portuguese, Russian, Spanish, Haitian Creole, and Mandarin Chinese. Please register for the upcoming session by February 22.

Culinary Walking Tour of Brighton and Brookline
(March 9, 2013 - Brighton, 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.

Global Technology Symposium
(March 27-29, 2013 - Silicon Valley, CA) The Global Technology Symposium is the leading investment conference on venture capital, technology, and entrepreneurship in emerging markets.

Healthcare Trade Mission to Russia
(June 3-7, 2013; application deadline March 15, 2013) The U.S. Department of Commerce, U.S. Commercial Service is organizing a Healthcare Trade Mission to Russia from June 3-7, 2013. Led by a senior Department of Commerce official, this mission is designed to provide a powerful opportunity to explore Russia’s rapidly expanding healthcare market.

USRCCNE and Member News

Russia's New Law on Accounting
Alexander Kozhuhar, an audit manager with Alinga Consulting Group, has written an informative PowerPoint presentation on Russia's new law on accounting for 2013. Subscribe to the Alinga Market Update

SRAS's Home and Abroad Renewed
SRAS's Home and Abroad program has been revamped to focus more tightly on three professional tracks. All three tracks offer substantial scholarships (between $7,000 and $10,000) to students looking to spend a year developing marketable skills.

SRAS Site Visit to Ukraine and Georgia
It was a bit of a whirlwind trip with a good deal of time spent in our old Mercedes’ van running around the country, eating lots of food and having fun, but the overall consensus was that it was a fantastic capstone experience to the PCON program.

Bach Pharma, Inc. Appoints Mr. Dan Cato as President
During the recent Meeting of the Board of Directors of Bach Pharma, Inc., Chairman of the Board Dr. Steven L. Stroup announced the appointment of Mr. Daniel Cato of Durham, North Carolina to the position of President of Bach Pharma, Inc.


Travel News

Study Abroad
in Russia!

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The Most Impressive Underground Railway Stations in Europe
From Naples to Moscow underground stations of all styles impress travelers all over Europe.

Interior Ministry Seeks to Restrict Alcohol Sales in Airports
Airlines should be allowed to seize alcohol purchased by passengers in airport duty-free zones, according to Yury Gruzdev, the deputy head of the Interior Ministry's Transport Bureau.

Lastochka Enters Service in Russia
The inaugural passenger services with Desiro Rus emus built by Siemens for Russian Railways (RZD) commenced on Wednesday following a ceremony at Moscow Station in St Petersburg.

Mini-buses to Disappear from Moscow Streets
Moscow’s “marshrutkas,” or mini-buses, will be replaced with more comfortable buses with air conditioning and the GLONASS navigation system.

Aeroflot to Introduce Wi-fi on Long-haul Flights
Russia’s leading airline Aeroflot is introducing wi-fi Internet on board 26 long-haul planes, the company announced on Thursday.

Russia Urges Speedy Move to Visa-free Travel with EU
Moscow wanted to push forward visa-free travel dialogue between Russia and the European Union (EU), a senior diplomat said Tuesday.

Snowiest Winter in 100 years Paralyzes Moscow Traffic for 3,500 km (photos)
The snowiest winter in a century has hit the Russian capital, causing Muscovites to get stuck in traffic jams 3,500km in length on Monday evening – the distance from Moscow to Madrid.

Russia Adopts Harsh Anti-smoking Law
Smoking inside the buildings of bodies of state power, universities, hospitals, sports stadiums and restaurants, on the trains, at railway stations and near entrances to metro stations will be completely prohibited as of June 1.

Never Too Many Books!
Job in Russia cover How to Get a Job in Russia: A Practical Guide
Russian Village Women The Worlds of Russian Village Women

Introducing Interpreting studies Introducing Interpreting Studies

Articles - Business and Science

Employment in Russia: Working as a Student and Getting a Job as a Graduate
What are you going to do with that degree? This page was designed by the SRAS to help you answer that question. Working abroad can be a great way to meet locals and to experience day-to-day culture.

The Effects of Russia’s New Drug Law
The 2010 Russian new drug law "On the Circulation of Medicines" was established to streamline the testing and registration process, but instead it has negatively impacted the country’s clinical trial sector. Subscribe to the LanguageConnections Newsletter

Russian Analytical Digest: The Russian Budget
This edition analyses the Russian economy, with a particular focus on the budget.

Russia Car Sale Surge to Level Off in 2013
Russian car sales have slowed and are expected to be flat in 2013 after record volumes last year, industry figures showed, as drivers curb spending with an eye to economic troubles in Europe and the United States.

Russian Beer Market
This is a graphic breakdown of Russia's lucrative beer market.

Moscow Exchange Said to Seek at Least $500 Million in IPO
The Moscow Exchange, Russia’s biggest bourse, plans to raise more than $500 million in an initial public offering, according to a person with knowledge of the matter. The shares will only trade in Moscow and not London as previously proposed.

Russian Direct-Selling Agents under Threat from Tax Increase
Up to a third of Russian direct-selling agents may quit their jobs because of a new law raising taxes on self-employed entrepreneurs, according to the head of the association that represents them.

Could the Russian Economy Withstand a US Default?
Investment fund CEO Stanislav Mashagin analyzes the likely consequences of a U.S. total default. While the initial shock of such a default would mean temporary stock market closure and vanishing chunks of the world’s wealth, the expert argues that Russia’s economy — armed with experience from past crises — would weather the storm.

Russia Roars Ahead in Race to Develop Arctic Shipping Route
The establishment of the NSR headquarters is yet another step in the government's standardization of the shipping route, which has proceeded in a deliberate and timely manner.

YotaPhone Boosts Battery with a Second Screen on the Back
Yota is a Russian company, part of Russian phone network Yota Mobile. Phone networks around the world are looking at the two-faced phone, which is currently at the prototype and is set to arrive in Autumn 2013.

Marchmont’s Focus on Innovation: Siberian Carbon "Fishing Nets" Catch Molecules
Young Siberian researchers in Kemerovo are developing their new carbon molecular filters, or sieves, a project that is said to have already sparked interest in a range of sectors from mining to electronics. Subscribe to Marchmont News Service

Russian Corner: Contentious Issues Surrounding Thin Capitalization Rules
Companies which are indebted to Russian and foreign partners should be cautious since there are still multiple interpretations of the laws on thin capitalization as well as contradictory judicial practice. Subscribe to the Alinga Market Update

Articles - Politics and Culture

Meteorite Explodes over Russia, more than 1,000 Injured
A meteorite streaked across the sky and exploded over central Russia on Friday, raining fireballs over a vast area and causing a shock wave that smashed windows, damaged buildings and injured 1,200 people.

Russian Officials Prevented from Owning Foreign Bank Accounts and Stock
The Kremlin said that the measure is aimed at "ensuring national security, establishing order in lobbyist activities, increasing investment in the national economy and raising efficiency of anti-corruption efforts."

Number of Soviet System Supporters Grows in Russia – Poll
The number of people who support the Soviet political system has grown in Russia, a survey published by the Russian independent pollster Levada Center found.

Five Myths About Russia
Five charts that push back against some of the mistaken narratives most often encountered in the media.

Expats in Russia Find a Home by Giving Back
For many foreigners, volunteering provides relief from isolation — and help to local hospitals, orphanages and other communities in need.

Russian Government to Sell Assets on Domestic Trading Floors
President Vladimir Putin has ordered the privatization of government assets to be limited to Russian stock markets. This year, at least 10% of VTB Bank and 14% of Alrosa will be offered on the Moscow Exchange.

Putin's Central Bank Choice - Sound Money or Boom-bust?
An impending change in the leadership of Russia's central bank will test President Vladimir Putin's commitment to sound money.

How the News is Reported in Russia, December 2012
This special edition looks at US-Russia Relations: The Magnistky and Anti-Magnitsky Laws.

Russian CA for iPad on the iTunes App Store
A new interactive app tells the colorful stories of the early years of Russian settlement in America, incorporating striking photos and paintings, videos and music, as well as the trials and joys of the many Russians who came to California to escape war and revolution in the early 20th century.

Medvedev Outlines Economic Program
Prime Minister Dmitry Medvedev took the floor in the Kremlin on Thursday to outline a wide range of goals for his Cabinet, in a move seen as a show of unwavering support for him from President Vladimir Putin.

After Putin
Are Putin and his entourage thinking about life after Putin?.

From Virginia to Volgograd, our National Myths Need to be Understood
The re-re-naming of Stalingrad and Spielberg's latest film Lincoln are both examples of how we revise our national history to suit the needs of the current times.

Would Democratic Change in Russia Transform its Foreign Policy?
The incompatibility of an anachronistic and arbitrary regime with the modern world is leading many to consider that democratic change is possible — likely even — in Russia. But those expecting that a new ‘democratic’ government would somehow take a softer line on foreign policy should think again.

Language Connections: How Do Friends Greet Each Other Around the World?
Article by Language Connections explores traditions and rituals for greeting friends around the world. Subscribe to the LanguageConnections Newsletter

Just for Fun: The World's Best Russian-English Phrasebook Ever
The following list of phrases are meant as educational humor. 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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