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Past Issue
November, 2011

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

USRCCNE Welcome!
From Josh Wilson, General Editor, USRCCNE

After many long years, Russia finally completed its World Trade Organization (WTO) negotiations on November 10, 2011. Drawing Russia, the world's largest economy not included in the organization, into the WTO has long been a priority in US-Russia relations, but has taken 18 years to achieve. USRCCNE congratulates all the experts who have worked so hard on this and welcomes the move to make trade with Russia easier and more predictable.

We note, however, that the Jackson-Vanik amendment will still need to be lifted and Permanent Normal Trade Relations (PNTR) extended to Russia in order for US companies to enjoy the full benefits of this development. There is still work to be done!

In this month's newsletter, we have more information on the tariffs Russia has agreed to as well as lots of Russia-related events happening around the Boston area, new developments in technology in Russia, and the latest in travel news to Russia.

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

Museum of Russian Icons Presents Recent Acquisitions
(November 19 - December 3, 2011 - Boston, MA) Loren R. Graham is a noted historian of Since its opening the Museum has been actively engaged in acquiring new icons. During the past five years the collection has grown from 200 icons to over 500 icons and Russian Orthodox artifacts. In this exhibition of Recent Acquisitions we have selected a group of icons that will demonstrate the breadth and depth of the past five years of collecting.

Znamenie Mother of God, ca. 1680. Click for larger view.
Make sure to check out the Museum of Russian Icons this month for a great line-up of events!

"Wearable Art by Rimma" Reception and Trunk Show
(November 20, 2011 - Cambridge, MA) Brookline Artist Rimma Zaika-Veksler is a designer of handmade, one-of-a-kind contemporary jewelry and accessories.  

Reading and Book Signing with Bonnie Marshall
(November 26, 2011 - Boston, MA) Dive into a world of traditional Russian legends and myths during a special reading and book signing with Bonnie Marshall, author of The Snow Maiden and Other Russian Tales.

Tolstoy Under The Lens
(November 27, 2011 - Boston, MA) Despite his professed desire to retreat from the world, at the end of his life Tolstoy was one of Russia's most photographed personalities.  He was also fascinated by the new possibilities offered by film.  This talk will discuss how and why Tolstoy became one of Russia's first international media celebrities, and will include some of the priceless footage of the great writer chopping logs and walking about his estate shortly before he died in 1910 - an event also captured on film.

OperaFest: Great Moments in Russian and Romantic Opera
(December 8, 2011 - Boston, MA) OperaFest is a touring program for diverse and gifted singers.This year it is a combination of the Young Artists Program of Key West and Baltimore Summer Opera. OperaFest performs scenes and arias from opera as well as full productions. This performance will feature excerpts from Onegin, Tchaikovsky, Rachmaninoff, Puccini, Mozart, and Verdi.

Family Day at the Museum of Russian Icons
(December 17, 2011 - Boston, MA)
Enjoy family-friendly tours, refreshments, and take-home art activities including making your own holiday ornaments and cards. Explore the new special exhibition Celebrating the Season: Icons of the Nativity. The event will also feature National Storytelling Association award winner and celebrated storyteller Katie Green who will perform Russian folktales. 

Concert: St. Petersburg Men's Ensemble
(December 17, 2011 - Boston, MA) The St. Petersburg Men’s Ensemble was founded in 2003 to popularize Russian folk songs and secular and ecclesiastic compositions. The Ensemble regularly performs internationally and will be giving its second concert at the Museum of Russian Icons.

USRCCNE and Member News

Chet Bowling Speaks on Foreign SMEs in Russia
On Friday, Oct 14th, Chet Bowling was invited to present to graduate students at the Pericles Law School on  “Structuring Russian Business via Foreign Jurisdictions.” Students learned about the advantages and disadvantages of using offshore companies and well as some of the mechanics of how this was done. The session was ended with and interactive Q&A including factors that influence the successes of foreign SMEs in Russia.

Technology Commercialization Practicum Held in Russia
The BRHE Innovation Capacity Development Program, part of CRDF Global's Basic Research and Higher Education (BRHE) Program, hosted a Technology Commercialization Practicum from Oct. 25-27, 2011. The event, hosted by Tambov State Technical University, was offered to scientist-entrepreneurs and technology transfer professionals from the Central cluster of BRHE Research and Education Centers (RECs). This event is the fifth in a series which has provided mentoring and travel grant opportunities to participants from 20 Russian universities. 

Technology Entrepreneurship Seminar Held in Puschino
CRDF Global conducted a seminar on technology entrepreneurship in Puschino, Russia. The seminar was open to scientists, engineers, investors and technology entrepreneurs interested in commercializing their innovations and developing sustainable enterprise that would thrive in the global economy.  This seminar was one in a series of seminars organized by CRDF Global in the Russian Federation from 2008-2011 as a part of the Technology Entrepreneurship Development Program (TEDP).

Alinga Quoted in The Moscow Times on Taxation of Severance Packages
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 the likelihood that severance packages will soon be taxed in Russia.

Alinga Held Seminar on Transfer Pricing, Other Issues
On November 1, 2011, Alinga Consulting Group held a seminar covering the practical application of major changes to taxation and accounting rules that occurred in 2011. The seminar addressed many practical concerns. Alinga specialists presented on such topics as the new social insurance premiums, the latest developments in VAT calculation, and in applying corrections to VAT-invoices.

Travel News!

Doing Business in Russia!
Tax Inspection

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

Moscow Airports Switch to Winter Schedule of Flights
Both Sheremetyevo  and Domodedovo airports introduced winter time schedule that came into effect on October 30, 2011.

Emirates Airline Introduces Flights to St. Petersburg
On November 1, 2011, at an official opening ceremony at Pulkovo airport, Emirates international airline introduced its new route of Dubai – St. Petersburg – Dubai.

Yakutsk to Get Rail Service
President Dmitry Medvedev made the pledge on Tuesday in Siberia when unveiling a stretch of a railway connecting Yakutia with the rest of the country.

Sheraton to Open at SVO in 2014
The new 10-storey hotel will comprise 333 guest rooms, two restaurants and bars, 900 square metres of ultra-modern meeting space, a 900 square metre spa and fitness centre and an indoor pool. It will be just 800 metres from the airport.

12 Russian Heritage Sites
The UNESCO World Heritage List includes 24 Russian heritage sites, natural and cultural properties, power points and famous historical sites. Here are 12 of them.

Russia to Finalize Visa Deal with U.S. in November
Russia will finalize the details of a long-discussed visa agreement Deputy Foreign Minister Sergey Ryabkov said on Thursday.

Hotels Plan to Expand, Despite Challenges
International hotel giants said Tuesday that they are committed to capitalizing on the booming domestic market, with dozens of additional hotels to be opened across the country over the next several years.

Taxes for Tourists
City authorities are considering the possible introduction of a tourist tax as is found in other major tourist destinations, such as Rome.

Articles & Resources

Why Does Russia Have So Much Trouble Modernizing?
Russia’s history reveals that getting one’s hands on technologies does not result by itself in economic growth and prosperity.

Building the Russian Silicon Valley
After years of negotiations, MIT and the Skolkovo Foundation finally agreed on the venture to create a graduate research university named SkTech. Subscribe to Language Connection's Newsletter

Smart Phones can be Radiation Detectors
Moscow-based IT start-up Intersoft Eurasia has developed a tiny mobile ‘radiation watchdog’ to monitor radiation levels and alert users to hazardous changes. Its $10-50 Do-Ra dosimeter-radiometer can sit either inside or outside a standard cell or smart phone; helps check radioactivity in humans, livestock and property; and is GLONASS/GPS-compatible. With Sony Eriksson and Fujitsu already in the know and the market estimated in the “billions”, the 20-month-old startup looks like it may have a tiger by the tail. Subscribe to Marchmont News Service

Russia: the Equities Roller-Coaster
In the opinion of an FT blogger: "Russia is down nearly 30 per cent, compared to a 21 per cent drop in EM overall. And there’s little chance of a recovery without a meaningful resolution of the euro crisis."

Russian WTO Accession Terms Published
Russia has agreed to lower its tariffs on a wide range of products. They are detailed here.

Carlsberg Surges on Full-Year Forecast
Hit with a declining market and a 200% tax increase, Carlsberg is still growing.

Flat Taxes are Big in the Former USSR. Have They Worked?
A look at flat taxes across the USSR and speculation on if they might be able to help America...

Russian Advertisers Spending More on Internet than on Print
Advertisers spent more on adverts in the Russian segment of the Internet, or Runet, in the third quarter of 2011 than they did on adverts in the press, Vedomosti calculated, based on Association of Communications Agencies of Russia (AKAR) data.

Russian Corner: The Rough Guide to Responding to a Tax Claim
So, the tax audit is over – now what? As soon as the claim is in the taxpayer’s hands, the company begins a long fight to defend its interests. Subscribe to the Alinga Market Update

Just for Fun: Art in Russia
Art in Russia is a student-powered project dedicated to educating English-speakers about achievements in the arts made in Russia and countries of the former USSR. Art in Russia facilitates and encourages students to study art at home and abroad as part of a study abroad program. Art in Russia is hosted and sponsored by The School of Russian and Asian Studies! Subscribe to the SRAS newsletter

 Never Too Many Books!
caucasus-introduction-thomas-de-waal-hardcover-cover-art The Caucasus:
An Introduction
The Geopolitics of Energy The Geopolitics of Energy
in the Caspian Sea
spectacular-state-culture-national-identity-in-uzbekistan-laura-adams-paperback-cover-art The Spectacular State:
Culture and National
Identity in Uzbekistan


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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