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Past Issue
September, 2011

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

U.S.-Russia Business Council's 19th Annual Meeting will take place in downtown Chicago, IL, on October 3-5, 2011. Focusing on Russia's investment climate (and other issues) on the eve of Russia's national elections, it will feature a line up of speakers including William J. Burns, Deputy Secretary, U.S. Department of State, Igor I. Shuvalov, First Deputy Prime Minister of the Russian Federation, Klaus Kleinfeld, Chairman and CEO of Alcoa and Chairman of USRBC; Joshua Floum, General Counsel, VISA, Inc.; and Andrei Sharonov, Deputy Mayor of Moscow; and many others. Sign up now to reserve your seat!

This "Back to Business" issue of our newsletter features lots of travel news (those of you using multi-entry business visas will want to check that section out below!), many upcoming events around New England (culinary walking tour!), member news and business articles - and even a few books you might want to check out! Welcome back to business!

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

"Russia on the Cusp" U.S.-Russia Business Council's 19th Annual Meeting
(October 3-5, 2011 - Chicago, IL) This year's Annual Meeting will feature panels exploring Russia's investment attractiveness and market opportunities on the cusp of national elections, the country's leadership of APEC, and its long-awaited WTO accession, as well as energy and healthy workforce issues, and how the country's planned privatization, financial services reforms and industrial policies may impact its competitiveness.

Walking Tour image
Join a culinary walking tour of Russian food in Boston!
Ready, Set, Russian! - Introduction to the Russian language
(October 8, 2011 - Boston, MA) Join us for a 90-minute workshop that will introduce some basics of Russian language and conversation with instructor Larissa Dyan at the Museum of Russian Icons. This drop-in class will introduce students to the Russian alphabet, some conversation starters, icon-related terms, and useful phrases. Space is limited on a first-come, first-served basis. No advance reservation is required. Free with admission.

Concert of Francoise Choveaux at MIT
(October 9, 2011 - Cambridge, MA) MIT Russian Club is pleased to invite you to the concert of a Composer and Pianist, Francoise Choveaux. The concert will take place in the main concert hall of MIT, the Kresge Auditorium.

Sacred Russian Castings: An Exhibition of Cast Metal Icons and Crosses
(October 15, 2011 - January 7, 2012 - Boston, MA) The Museum Of Russian Icons will present an acclaimed collection of Russian metal icons and crosses, which chronicles the entire history of the Russian Orthodox Church from the 11th C. to the 19th C.

Culinary Walking Tour of Brighton and Brookline
(October 22, 2011 - Boston, 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. Learn how to make traditional Russian dishes and find out the unique Russian ingredients that can spark up your every-day meals.

Russian Film Week in NY
(October 28 - November 04, 2011 - NY) This year’s film selection is as unique and diverse in genre and style as it is in the group of film directors, ranging from veterans to complete newcomers to the industry.

USRCCNE and Member News

Skolkovo Foundation Becomes Presenting Sponsor of 2011 George Brown Award
This year, CRDF Global is honored to have the Skolkovo Foundation as our Presenting Sponsor at the 2011 George Brown Award Dinner. The George Brown Award dinner will be held on November 2nd at the Ronald Reagan Building and International Trade Center.

Russia Innovation Collaborative to Participate in Third International Youth Innovation Forum, “Interra ‘11”
Cynthia Bouthot, Partner in Russia Innovation Collaborative and Anastasya Tyurina, Moscow representative of RIC, will travel to Novosibirsk to participate in Interra ’11 from September 22 – 24. Interra is one of the largest innovation forums in Russia and annually draws more than 2,000 participants.

Alinga Audit Manager Featured in The Moscow Times
Alinga’s tax and audit manager, Galina Belikova was recently contacted by Russia’s most-respected English-language daily, The Moscow Times, to comment for an article on Russia’s lengthy and confusing tax code.

SRAS Publishes New Posters
SRAS is pleased to announce the publication of new posters showing why and how you can study abroad in Russia, Central Asia, or Ukraine!

Travel News!

Study Abroad
in Russia!

SRAS specializes in innovative study abroad programs to Russia, Ukraine, and Kyrgyzstan.

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

"Sleepbox" Installed at SVO
The first experimental Sleepbox unit is now installed in the Aeroexpress Terminal at Sheremetyevo International Airport. Sleepbox is a capsular mini hotel, designed by Russia’s Arch Group Architectural Bureau.

Expats With Business Visas Scrutinized
Some foreigners have ignored the 90-day rule for years, saying it is not enforced.

Direct Sapsan between Nizhny Novgorod and St Petersburg Cancelled
On Tuesday the company announced that from Oct. 30 the direct high speed trains between the two cities will be cancelled, but more Moscow - St Petersburg and Moscow - Nizhny Novgorod trains will be added, allowing passengers to change in the capital.

Come to Russia!
Following approval of a new government project in July, Russia will be spending over $11 billion on programs aimed at promoting tourism to Russia until the year 2018. A lot of this money will go into developing locations that are not well-known internationally.

Moscow Students' Guide
A guide to Moscow written for those planning to stay long-term. Recently fully updated!

Articles & Resources

The Ukrainian Language Policy
If the Ukrainian government makes Russian Ukraine’s second official language, it will be forced have all of their public and internal announcements and documents in both Ukrainian as well as Russian, a potentially economically costly, but also potentially politically valuable move. Subscribe to Language Connection's Newsletter

All Moscow's Bribes
A shopping list of the types and cost of bribery that occurs in maternity clinics, kindergartens, grade and high schools, colleges and universities, passport offices, hospitals, military conscription boards, police departments, courts, and even cemeteries.

"Close-Out Netting": New Developments in Russian Repos and Derivatives Regulation
In August 2011, amendments to Russian securities and bankruptcy legislation became effective that expressly permit "close-out netting" in the Russian Federation. This will greatly facilitate sale-repurchase ("repo"), derivatives and other financial transactions under Russian law.

National Business-Incubators Award to be held in Russia
The National Business-Incubators Award, named “Molodye Lvy” (“The Young Lions”) is to be held in Russia, innovation and venture news source UNOVA reports. The award ceremony is reportedly to be held at the first Russian-American Forum on Business-Incubating to take place on November 14-15, 2011, in Moscow.

Deputy Minister: Ruble in for Sharp Devaluation in 2 years
The ruble will devalue sharply as Russia's current account turns negative in about two years due to import growth, Deputy Economic Development Minister Andrei Klepach predicted on Thursday.

Hey Kids, No More School Books, Here Comes Rusnano!
Rusnano and Plastic Logic, a UK plastic electronics pioneer, have unveiled a new tablet-type electronic reader for schoolchildren. Part of its largest manufacturing project to date, Rusnano and its international partner will invest $700m to set up a "Plastic Valley" just outside Moscow to produce the new hi-tech "textbook" and other products. Subscribe to Marchmont News Service

Russian Corner: Corporate Profit Tax in the Russian Federation
One of the most sophisticated taxes is the corporate profit tax regulated by Chapter 25 of the Russian Tax Code. Taxpayers for profit tax purposes are Russian legal entities and foreign legal entities carrying out activities in the Russian Federation through permanent establishments and/or receiving income from sources in Russia. Subscribe to the Alinga Market Update

Just for Fun: Journey through Russian Folk Belief & Song
Professor David J. Galloway Hobart of William Smith Colleges heads to Russia's frozen north to record the culture there. Subscribe to the SRAS newsletter

Never Too Many Books!
New English-language
tales from Solzhenitsyn
Central Asia: A pivot
for world history
Made in Russia:
Soviet Design


Joining the USRCCNE is Easy!

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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