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Past Issue
February, 2014

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

Please remember that the deadline for 2014 Global Technology Symposium is coming up March 14, 2010. There is a discounted rate for USRCCNE members.

The major news from business in Russia is a little complicated. The ruble has slid in value considerably. This has stemmed from a US pullback from quantitative easing that caused turbulence in many currencies around the globe. The ruble was particularly hard hit as Russia's overall economy is slowing and because the ruble is thought to be overvalued due to the government's long-standing policy of supporting it and because investors were unsure if the Russian government would continue that support as it moves toward a floating currency. The ruble's slide, however, may be a good thing for Russia. See our business articles section for more on this development.

USRCCNE extends our condolences to anyone affected by the recent and unfortunate violence in Ukraine. We hope that the agreement recently reached will be a workable solution to restore peace to the beautiful country that is Ukraine.

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

Lonely Ideas: Can Russia Compete?
(February 24, 2014 - Cambridge, MA) This public lecture will feature Loren Graham, author of Lonely Ideas: Can Russia Compete? which investigates Russia's long history of technological invention followed by failure to commercialize and implement.

From Manpower Production Machine to Modern Research University
(February 25, 2014 - Cambridge, MA) Please join MIT Skoltech Initiative for a lecture From Manpower Production Machine to Modern Research University: Legacy and Future of Russian Higher Education by Professor Isak Froumin, Advisor to the Vice-President, Skolkovo Foundation and Head, Institute of Education, National Research University "Higher School of Economics Moscow.

Concert : Constantine Finehouse
(March 15, 2014 - Clinton, MA) Constantine Finehouse was born in St. Petersburg, Russia, and attended New England Conservatory, Juilliard and Yale University. Finehouse has performed extensively across the U.S.A., Europe and Russia.

Pysanky Ukrainian Egg Decorating Workshop
(March 21, 22, 2014 - 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; all materials will be provided.

2014 Global Technology Symposium
(March 24-26, 2014 - San Mateo, CA) The Global Technology Symposium is proud to announce the 11th annual installment of Silicon Valleys leading investment conference, covering venture capital, technology, and entrepreneurship in emerging markets. Register by March 14, 2014 to reserve your place.

Jewels of the Romanovs Lecture
(March 27, 22, 2014 - Clinton, MA) Jewels and jeweled objects played a major part both in Russian Imperial ceremonials, and in the private lives of the Romanov family. Nicholson examines the art of jewelry and jewelry collecting in Russia from Peter the Great's formation of the "Diamond Chamber" and the organization of the Crown Jewels, to the creations of the vast private collections of the Imperial family.

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USRCCNE and Member News

Sochi and the Russian Economy
Alinga's managing partner was quoted on Schneider Downs disuccing the effects of Sochi on Russia's economy.

Alinga Offers New Transfer Pricing Services
Alinga now offers a unique modular approach to transfer pricing projects to allow its clients to stay compliant with Russian legislation at a relatively low cost.

SRAS Summer Seminars Abroad
SRAS students taking a full summer of Russian as a Second Language abroad can also sign up for one of five specially-priced seminars on art, business, environment, or anthropology.

CRDF Training in Arkhangelsk, Russia
Article with photo report published by Vladimir Tyurin of the Northern (Arctic) Federal University describing the English for Special Purposes training held on February 3-7, 2014 in Arkhangelsk, Russia.

CRDF Seeks VP
CRDF Global has announced an opening for Vice President, Development and Marketing.

Meet Auriga at Interop 2014 in Las Vegas
Auriga is excited to take part in Interop Las Vegas which is happening March 31 April 4, 2014 at the Mandalay Bay Convention Center. The worlds largest independent conference and exhibition will bring together IT decision makers, technology providers, systems integrators, and analysts under one roof.

Travel and Transport

Russia Considers Waiving Visas for Train Passengers
Foreign visitors traveling to Russia by train may soon be able to enter the country visa-free for up to three days in a measure aimed at opening up the notoriously bureaucratic nation to short-term tourists.

Russia to Start Fingerprinting Visitors
Russia is planning to introduce mandatory fingerprinting for all foreigners applying for visas to the country.

Students Can Now Get Work Permits
According to a recently passed Russian law, full-time international students taking state-accredited degree programs at professional and higher education institutions may legally work in Russia on the basis of their student visa.

Russian Railroads Enable Epic Olympic Journeys
Sochi isn't the best-connected Olympic host city. People are taking epic journeys to see the Games.

New Airports near Moscow to Compete for Low-cost Carriers
Two former military airfields are being repurposed to compete for budget airlines looking to expand into Russia.

Mobile Check-In at Sheremetyevo
The Sheremetyevo International Airport and Asteros Group are implementing an innovative passenger service. Now, passengers can check-in to flights using the Mobile agent service.

SVO Recruits Agents to Boost Quality
Sheremetyevo International Airport started receiving applications for its annual Mystery Passenger 2014 Program.

International VIP Lounge Open in SVO Terminal D
On January 31, 2014 Sheremetyevo International Airport and VIP International Company opened International air lines VIP lounge in Terminal D.

Never Too Many Books!
Plastic Money Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries Russian Energy Russian Energy in a Changing World

Emerging Markets Emerging Markets and the World Patent Order

Articles - Politics and Media

Intern Abroad
in Russia!

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12 Things to Know About the Agreement in Ukraine
An agreement was brokered by EU leaders between Ukraine's ruling party and the opposition. Here are twelve points you should know as the country goes forward.

US Ambassador to Russia to Step Down
Ambassador McFaul will step down from his position after the Olympic games. This information is in Russian and English (English below).

US-Russia Peer-to-Peer Dialogue Program
$100,000 to support Russian-American, peer-to-peer collaboration.

Snow Blind
When Americans look at Russia, they see what they want to see. And that's dangerous.

Why Our Stories about Russia are Stuck in the Past
From "The Americans" to "Iron Man 2," TV and films look back to the Cold War. They're missing out on Russia today.

Russia Proposes Fresh Round of US Trade Talks
Russian officials are looking to open talks on reducing trade barriers with the countrys former Cold War adversary, despite facing a host of political disagreements in other areas.

US Center for Russian Studies to Shut Moscow Office
The Kennan Institute, a research center co-founded by George F. Kennan, the seminal Cold War theorist, that has fostered the study of Russia and the former Soviet Union since 1974, will shutter its office in Moscow this spring.

Russians Hit Back at the West: Cool it with the Olympic Schadenfreude
Vladimir Yakunin, the head of the Russian rail monopoly, slammed Western journalists for "feeding hysteria about Russia."

What the Bleep is Going on in Sochi?
Why is it that the Twitter hashtag #sochiproblems has more followers than the Twitter feed for the games?

Sign Language Around the World
In our world, we have various mediums of communication with language being at the forefront of how we interact daily. Although not universal, many signed languages carry similar structures but there is variation within regions and countries. Subscribe to the LanguageConnections Newsletter

Articles - Business and Society

Language Connections
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It's Been a Bad Week for the Ruble
It has been a punishing week for the ruble, and for many, the ghosts of previous crises feel all too near.

The Russian Central Bank's 'Weak Ruble' Policy Is Actually A Great Idea
The ruble didnt have a strong 2013 and has started of 2014 in a decided slump. Why would a weaker currency help Russia?

Two Sides to Every Weak Ruble
While economic growth has been disappointing, the trend is still positive. So, what is going on?

Russia's Bank Consolidation is Going Surprisingly Smoothly
Russia's central bank moved in on its latest two victims on February 11, pulling the banking licenses from Moscow-based European Trust Bank (Eurotrust) and Link-Bank.

Education for $1 billion
An influx of foreign students will help boost the level of Russian universities.

Russian Fast Food Chain Coming to NY
Russian fast food chain Teremok is opening its first restaurant abroad. By the end of 2014, New Yorkers will have their own authentic affordable blinnaya (Russian version of a creperie).

Russia Scores High Marks in Economic Ratings
Russia ranks high with Bloomberg, the UN Conference on Trade and Development (UNCTAD), and Fitch.

Russian Population Gains 22,700
Russia recorded 1.74 million babies born between January and November 2013. Birth rates rose in 31 regions from a total of 83.

Russia May Reach for Offshore Assets with Help of OECD
Russia could see a windfall of up to $6 billion in extra taxes if the government passes a bill to ratify OECD tax convention.

15-20% of Russians Work in Shadow Economy
Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the countrys labor minister said Friday.

Russian Corner: Liability for Tax Legislation Violations
The article prepared by the specialists of Alinga Consulting Group covers tax violations and liability for such violations. Subscribe to the Alinga Market Update

Just for Fun: Interviews with Americans in Russia-related Professions
See SRAS's latest newsletter for several interviews with Americans working in Russia-related professions. 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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