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Past Issue
April, 2015

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


USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

Russia's ruble is continuing to rally – to the point where some analysts believe that Russia's central bank will intervene to stop its rise by cutting key interest rates. The ruble is also expected to fall again after tax season has passed on April 30. Until that date, many exporters are likely to be making major ruble purchases to pay their year-end taxes and thus will hold the ruble to its current trajectory.

This month's newsletter has lots of information about the current Russian economy and the current tax season. We've also got lots of information on member activities and some fun articles on language and food.

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!

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

Intern Abroad
in Russia!


USRBC Luncheon With Central Bank First Deputy Governor
(April 17 - Washington, DC) Join USRBC for a special luncheon with Ksenia Yudaeva, First Deputy Governor of the Central Bank of Russia (CBR), this Friday, April 17 at the W Hotel in Washington, DC. 

The Russian Empire in 3D Photographs
(April 30 - Clinton, MA) Drawing on a trove of never-before-shown historic photographs, this virtual tour of Czarist Russia spans the earliest days of photography in the 1850s to the fall of the regime in World War I.

Traditional Russian Tea
(May 9 - Clinton, MA) Join Russian hostess Larissa Dyan for a fun and educational program that examines the central role of tea in Russian culture.

A Culinary, Cultural Overview of Ukraine and Georgia
(June 17-30 - Ukraine and Georgia) This summer, SRAS invites educators to explore the cultural and culinary heartlands of Ukraine and Georgia. This short tour is specially designed to serve as teaching inspiration.


Featured Member Articles

New Pharma Rules Proposed for Russia
A USRCCNE Translation: How will a decrease in state procurements of pharmaceuticals from abroad affect patients in Russia?

Moscow's Changing Kiosk Regulations
A USRCCNE Translation: How is Moscow's street vending market evolving?

Russian MiniLesson: Russia's Tax System
Learn about Russia's taxation system - and the vocabulary surrounding it - with this language lesson! Subscribe to the SRAS Newsletter

Understanding Interpretation Services
Here is what Leo Galperin, President and CEO of Language Connections, said about conference linguistic services and the difference between simultaneous and consecutive interpreting. Subscribe to the LanguageConnections Newsletter

Central Asian Culinary Discoveries
I thought I'd share some of my favorite culinary discoveries I made recently in Central Asia. Subscribe to the SRAS Newsletter

10 Untranslatable Words
In some cases, it is possible to only approximate or explain the meaning of a word in its translation. Let’s take the following ten words for example. Subscribe to the LanguageConnections Newsletter

Russia Gets New Special Economic Zones
Several Russian regions will receive status of special economic zones (SEZ) and priority development areas. Subscribe to the Alinga Market Update


Language Connections
If you have an ad to submit to this space, contact us! Free for members!

USRCCNE and Member News

SRAS Site Visit to Central Asia
SRAS travels to Kyrgyzstan, Kazakhstan, and Turkmenistan to check up on its popular Central Asia-based educational programs.

Alinga Recognized at United Way Donors Event
Chet Bowling, Managing Partner of Alinga, was invited to the United Way Donors Recognition Event.

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

Putin's Economic Team Plays Houdini
Russia's economic managers, especially at the Central Bank and the Finance Ministry, should be given their due: In a difficult environment, they have avoided major mistakes and managed to keep open Russia's economy.

Ruble Whipsaws Top Forecasters as Worst Currency Becomes Best
For one of the toughest jobs in financial markets, try predicting the ruble.

Putin’s Surprising New Ruble Problem Threatens Russian Coffers
In order to reach macroeconomic stability, Russia needs to limit its budget deficit and a weaker ruble is an easy way to do that.

World Bank: Russian Economic Report
This report is produced twice a year by World Bank economists of the Macroeconomics and Fiscal Management Global Practice.

China Unveils Details of Ambitious Silk Road Plans
China has unveiled details about its proposed Silk Road initiatives, which would impact 4.4 billion people and, within a decade, could generate trade above 2.5 trillion dollars.

If you have an ad to submit to this space, contact us! Free for members!

Airlines Drop Flights to Cash-starved Russia
EasyJet said it will cut the number of flights to Russia by half this summer, after it had already reduced its service from London to Moscow in January.

Carmakers In Russia Face Tough Road Ahead
Car sales in Russia are now in free fall. Sales in February were 40 percent lower than one year ago.

Siberia Now Produces Pinot Noir and Chardonnay
Grapes for first 10,000 bottles of wine now being harvested in Altai vineyards.

Personnel of Federal Protective Service Required to Divest Property Abroad
In December 2014, the law prohibiting government officials from keeping money in foreign banks and using foreign financial instruments was expanded.

Soros Says Ready to Invest $1 Bln in Ukraine
Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there.

What's a Fair Wage in Moscow?
This resource (in Russian) give average salaries based on industry and length of service.


If you have views or material you would like to contribute to the newsletter, please contact us.
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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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