The USRCCNE Monthly Newsletter
For those with interests bridging the US and Russia
From Josh Wilson, General Editor, USRCCNE
After a horrible 2014, the Russian economy has enjoyed a considerable bounce in early 2015. Russia's markets and currency, starting from a critically low valuation, have been to date some of this year's best performers as oil prices have recovered somewhat, investor panic has subsided, and a new status-quo has settled into the markets.
For any businesses with direct investments on the ground in the form of representative offices and branches, however, new re-registration requirements are coming up very soon. Any that have not yet moved to re-register should do so immediately. More information on this is in this month's newsletter.
This month, we cover several aspects of the current situation in Russia and the countries around it, as well as what our members - and other businesses with interests spanning that wide geographic area – are currently doing as the situation changes.
We hope that you will continue to follow our newsletter and events. Please let us know if you have any comments, questions, or requests!
Don't Miss This Month!
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Marinsky in the US
(Feb - Mar, Various US Locations) The Marinsky Theatre is on a tour of the US.
Navruz in Seattle!
(Mar 21 - Seattle, WA) This 17th annual Navruz celebration and promises to once again be fun with delicious Central Asian food and entertainment.
Crystal Trio, Harmonic Glass Ensemble
(Apr 02 - Clinton, MA) Crystal Trio is Igor Sklyarov, Vladimir Popras and Vladimir Perminov, master musicians from Siberia who play the Glass Harp, Verrophone and Glass Panflute Bass.
Featured Member Articles
Branch/Rep Offices Must Re-register! Deadline: April 01, 2015
Due to amendments in Russian legislation, all branches and representative offices of foreign companies registered in Russia before January 2015 must notify the Tax Authorities to be included into the new register by April 01, 2015. Subscribe to the Alinga Market Update
Russia's Market for Meat Products
Alexander Skrinnik, owner of an online meat store, explains to The Village, a Russian-language Internet publication, how governmental sanctions affect the Russian meat market and whether it is possible to buy good meat in Russia. This translation has been sponsored by USRCCNE. Subscribe to the SRAS Newsletter
SRAS Site Visit to Warsaw
Renee Stillings, SRAS's Program Director, recently had the opportunity to visit the latest addition to SRAS' locations – Collegium Civitas (CC) in Warsaw, Poland. Subscribe to the SRAS Newsletter
Europe to Mass-Translate Pharma Info
The European Medicines Agency (EMA) has recently started translating safety signals into all 24 official EU languages, plus Icelandic and Norwegian. Subscribe to the LanguageConnections Newsletter
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USRCCNE and Member News
Auriga Makes Global Outsourcing 100
Auriga, a US-based expert software R&D and IT outsourcing services provider, has made the International Association of Outsourcing Professionals (IAOP) 2015 Global Outsourcing 100 list. This is the eighth consecutive year since 2008 that Auriga has been honored with inclusion in this list of the most recognized outsourcing service providers worldwide.
Serviced Offices from Alinga in Moscow!
Are you looking to establish a small, flexible presence in Russia? Looking to downsize your Moscow office? Alinga has the answer!
Language Connections Facilitates Harvard Program
Language Connections recently offered linguistic services during an Executive Education Program hosted by Harvard Kennedy School (HKS).
Business and Economy
Investors Flow Back Into Russia
While Russia-exposed equity ETFs saw $70 billion outflows in January, the decline reversed into a $310 billion inflow in February, according to Markit. So far this year, Russia’s ruble-based Micex benchmark share price index is up about 29%.
Ruble May Appreciate by 33%
After crashing in December, Russia’s ruble has made a remarkable comeback since February by rising about 15% against the dollar, making it the best performing currency amongst the 14 in Emerging Europe so far this year, according to Bloomberg.
Botched Law Could Close Hundreds of Rep Offices
Representative and branch offices of foreign companies working in Russia are in a race against time to re-register with the authorities or lose their license to operate in the country.
Russia to Get Seat on SWIFT Board
A Russia-nominated director will be given a place on the board of international payments service SWIFT as a result of its increased use inside Russia.
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NGOs Gain Way off "Foreign Agents" List
Russian President Vladimir Putin has approved a bill that allows the Ministry of Justice to remove non-governmental organizations (NGOs) from the list of foreign agents after a formal inspection.
Study on Changing Russian Imports (in Russian)
According to RBK, the only country to see significant growth in exports to Russia in Russia's post-sancations post-devaluation market is... the United States.
Russia Planning Another Silicon Valley (in Russian)
Moscow plans (another?) analogue to Silicon Valley - this time on the territory of Moscow State University.
Russia's Insider Traders Know Putin's Plans
Two Ph.D. students at Cornell, Felipe Silva and Ekaterina Volkova, recently confirmed that after analyzing Russian stock trades ahead of Russia's annexation of Crimea.
This Year's Best Performing Stock Market is…Russia
An economic crisis, a crash in oil prices and hefty sanctions for intervention in Ukraine – even with such a dire backdrop Russia's stock market has proven to be the world's best performer in early 2015.
Four Charts to Show Why Putin Needs the Truce to Hold
Russia's struggling economy may help explain why President Vladimir Putin made a personal appearance at the Ukraine peace talks in Belarus last week.
Russia Seeks Shariah Banking Funds to Counter Sanctions
Russia plans to open its first Islamic bank this year, seeking to attract Shariah-complaint funds as international sanctions push the economy toward a recession.
Here's How Much Russia's Crisis Will Cost Its Neighbors
Baltic nations may take a $780 million-plus hit this year.
Georgian Cuisine: The Next Big Thing?
“Soon, I hope, there will be a Georgian restaurant here,” said Tsereteli, 52, a professor of international studies at Johns Hopkins and American universities and owner of the Georgian Wine House, an import business. “I have a sense that it’s coming.”
What Moscow Could Have Been… The Palace of the Soviets
The Soviets didn’t officially give up on constructing the Palace until 1953, when Khrushchev formally cancelled the plans. The Palace of the Soviets Station within Moscow’s subway system didn’t change its name (to Kropotkinskaya) until 1957.
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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!