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Past Issue
May, 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 Russia's central bank has cut key interest rates and begun to sell rubles to try hold the currency back. While the ruble was expected to fall again after tax season passed on April 30, that prediction has not come true.

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

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!


The Russian Empire in 3D Photographs
(June 6 - 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.

Museum of Russian Icons for Free!
(July 24 - Clinton, MA)  The Highland Street Foundation’s Free Fun Fridays program will offer free admission to the Museum of Russian Icons on Friday, July 24, 2015.

Alinga Seminar on Business in Russia
(May 21 - Moscow, Russia) This workshop covers the most important and relevant topics on doing business in Russia: taxation, legislation, and the new law on personal data.


Featured Member Articles

Understanding Your Money Abroad
How do international transactions happen? What's the best way to spend your money abroad? SRAS has an updated guide on finances abroad! 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

SRAS Launches 17th Issue of Vestnik
VESTNIK was created in an effort to effectively encourage the study of Russia and those states formerly a part of the Soviet Union it focuses on student research across a broad array of academic fields. Subscribe to the SRAS Newsletter

Taxation Of Service Fees In Russia And Abroad
In the opinion of the Ministry of Finance, income taxable in Russia must be calculated based on the total payment received according to the service agreement and ratio of number of days worked in Russia and total number of days worked according to the contract/agreement. 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

Call for Papers: Vestnik - Deadline: May 30!
Students who submit academic papers for this edition of Vestnik will be eligible for a $200 Jury Award. Submissions must be in by May 30, 2015.

Auriga Among Highest Rated Companies in Corporate Social Responsibility
For the eighth year in a row, the International Association of Outsourcing Professionals® (IAOP®) honored Auriga.

Alinga Recognized as AEB Auditor
The Association of European Businesses represents and promotes the interests of European companies conducting business in and with the Russian Federation. Alinga provides their audit services.


Business and Economy

Sanoma Sells Vedomosti to Comply with Russian Media Law
Finnish publishing company Sanoma has sold its 33.3% share in the Russian business daily Vedomosti to publishing executive Demyan Kudryavtsev, in the latest shake-up to Russia's media landscape caused by new legislation limiting foreign ownership.

How One of Russia's Top US Experts Tries to Explain America
Lukin is hardly seen as an anti-American hard-liner in Russia — rather, he's considered to be an objective expert on the United States and a highly professional diplomat. He is a founding member of the liberal opposition party Yabloko.

Russia Among Top 60 Best Countries to Be a Mom
Russia ranks 56th out of 179 countries in Save the Children's 2015 Mothers' Index Ranking, which is based on indicators of maternal health, child well-being and the educational, economic and political statuses of women around the world.

Putin’s Grudging Perestroika
There is no clear indication what the Kremlin is planning. Moscow’s overall policy has never been publicly discussed.

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

Russia's Economy: Not Just Natural Resources
Using World Bank data on natural resource rents, officially defined as “the difference between the value of commodity production at world prices and total costs of production,” it’s instructive to compare Russia’s level to those in the members of OPEC, the prototypical petro states.

5 Reasons You Should Hire the Well Traveled
What does racking up air miles have to do with high performance at work?

Interactive Map: China’s New Silk Road
Beijing has already spent billions of dollars on roads, railways, and other infrastructure and intends to invest billions more to connect China to Europe in what it calls the “Silk Road Economic Belt.”

Chinese to Help Develop Russian High-speed Railway
China Railway Group Ltd has won a $390 million contract to develop the Moscow-Kazan high-speed railway which is to be further extended to China.

Putin: Labor Productivity Cause of Recession
The causes of the crisis in the Russian economy are not only external, but also internal, Russian President Vladimir Putin said.

EU Competition Chief Takes Aim at Gazprom
The European Union's competition chief sent a warning shot to Russian gas giant Gazprom on Thursday when she pledged to act decisively against energy companies that break competition law.

America's Lacking Language Skills
Budget cuts, low enrollments, and teacher shortages mean the country is falling behind the rest of the world.


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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