USRBC's Upcoming and Recent Events
USRBC Webinar: Why COVID-19 and the Economic Downturn Should Make You Rethink Corporate Compliance in Russia
July 8, 2020
Please join us on Wednesday, July 8th at 9:00am EDT/4:00pm MSK for a USRBC members-only webinar on Why COVID-19 and the Economic Downturn Should Make You Rethink Corporate Compliance in Russia featuring experts from Baker McKenzie and Ankura. Compliance oversight has become increasingly challenging in recent months due to upticks in fraud and corruption that often accompany crises, and the current landscape in Russia is no different. With an economic downturn that may result in a 5-8% decrease in GDP and scams abounding in connection with the COVID-19 crisis (70,000 scam phishing sites were identified in Russia in the first few months of the pandemic), the oversight work of executives responsible for corporate compliance and integrity for Russia may require a reexamination. Please join us on July 8th as USRBC hosts experts from Baker McKenzie and the accounting firm Ankura to explore how U.S. companies operating in Russia can quickly and effectively adapt the best strategies and methods for detecting and investigating potential compliance violations utilizing state-of-the-art internal fraud-detection and auditing policies.
USRBC Monthly Discussion by Teleconference with U.S. Department of State's Russia Desk
July 9, 2020
USRBC will hold its next monthly members-only discussion with the U.S. Department of State's Russia Desk on Thursday, July 9, 2020, from 11:00 AM to 12:00 PM. The Director for the Russia Desk, Deborah Mennuti, and the Head of the Economic Team, Joel Erwin, will join us. Please note that due to current COVID-19 restrictions, this meeting will once again be conducted via teleconference.
USRBC-Association of Banks of Russia Joint Videoconference "Information Security Considerations for Remote Working and the Banking Sector"
May 26, 2020
USRBC and the Association of Banks of Russia are pleased to announce a joint videoconference event on “Information Security Considerations for Remote Working and the Banking Sector” on Tuesday, May 26th at 9am EDT/16:00 MSK. The purpose of this 1.5-2 hour event is to exchange experiences on best practices among U.S. and Russian representatives of the financial industry and experts in the field of high technology. The event will feature executives from Sberbank, Visa and Cisco, among others.
Update on Russia’s Economy and Consumer Behavior in Russia: USRBC-Sberbank CIB Joint Videoconference
May 19, 2020
Please join us on Tuesday, May 19th, at 10:00am EDT/17:00 MSK for a members-only joint USRBC-Sberbank CIB videoconference with Sberbank CIB Chief Economist Anton Strouchenevskiy and Consumer Analyst Mikhail Krasnoperov. Mr. Strouchenevskiy will provide an overview of Russia’s macroeconomic situation in light of the COVID-19 pandemic and how Russian industry are faring compared with their global counterparts. In addition, Mr. Krasnoperov, the leading consumer market analyst in charge of Sberbank CIB’s Consumer Confidence Index (the “Ivanov index”, which analyzes middle class consumers buying patterns and attitudes about the economy), will discuss the pandemic’s impact on Russian consumers’ behavior.
USRBC Member Teleconference with Matthew Borman, Deputy Assistant Secretary of Commerce for Export Administration
May 4, 2020
USRBC held a member teleconference with Matthew Borman, Deputy Assistant Secretary of Commerce for Export Administration. Mr. Borman and his colleagues from the Bureau of Industry and Security (BIS) discussed the Department's new rules and proposals expanding licensing requirements on exports, reexports and transfers of items to end users in Russia, China and Venezuela. The new rules that were published on April 28 broaden the scope of items subject to licensing requirements and institute new rules eliminating exceptions for civil end uses. An April 28 announcement of a proposed rule would disallow reexports or transfer (in-country) of certain national security-controlled items on the Commerce Control List (CCL) between and among certain countries including Russia. This call provided USRBC members an opportunity to ask BIS officials directly about the new rules.
USRBC-AmCham Russia Joint Members-Only Teleconference: Initial Assessments of COVID-19's Impact on Russia's Economy and the Investment Environment
April 1, 2020
USRBC and the AmCham in Russia held a joint members-only teleconference with Christopher Weafer, Founding Partner at Macro-Advisory Ltd., who presented initial assessments of COVID-19's impact on Russia's economy and its investment environment. Mr. Weafer reviewed possible macro scenarios for 2020, the Central Bank's ruble policy, budgetary implications of the COVID-19 crisis, and the impact of the crisis on National Project plans.
USRBC Teleconference on The Latest on Energy Markets and Russian Geopolitics
March 20, 2020
USRBC hosted a members-only teleconference discussion with Dr. Daniel Yergin, Vice Chairman of IHS Markit; Dr. Matthew Sagers, Vice President at IHS Markit for Russian and Caspian Energy; and Dr. Angela Stent, Director of the Center for Eurasian, Russian and East European Studies and Professor of Government and Foreign Service at Georgetown University. Daniel Yergin addressed the latest developments in global energy markets, Matthew Sagers addressed the dynamics of Russia's energy industry and Angela Stent discussed relevant domestic developments in Russia and Russia's foreign policy. Overall, the speakers discussed the key takeaways for international business related to the recent turbulence in global energy markets, ongoing changes in Russia, and the implications of both on Russia's economy and investment climate.
USRBC Roundtable with President of the Republic of Tatarstan Rustam Minnikhanov
February 3, 2020
The U.S.-Russia Business Council held a special roundtable with President of the Republic of Tatarstan Rustam Minnikhanov at Debevoise & Plimpton LLP in New York, NY. The Republic of Tatarstan is one of Russia's most dynamic regions and was recognized as having the second-best investment climate among Russia's regions during the 2019 St. Petersburg International Economic Forum. At the roundtable, President Minnikhanov discussed in depth the Republic's economic and investment outlook and explored opportunities for international business in the Republic. This roundtable was an invaluable opportunity to engage with the President in a small group setting regarding investment in one of Russia's most developed and business-friendly regions.
USRBC-AmCham-EEC Conference in Moscow
December 11, 2019
The U.S.-Russia Business Council, in partnership with the American Chamber of Commerce of Russia the Eurasian Economic Commission (EEC) hosted the 7th EEC conference in Moscow at the Hotel Baltschug Kempinski.
USRBC Members-Only Breakfast Briefing on Russian Business Visa Procedures
November 14, 2019
As part of our efforts to ensure that our USRBC members' business travel and business plans go smoothly, USRBC conducted a members-only briefing with experienced and knowledgeable senior officials from the Embassy of Russia on what USRBC members need to know regarding current rules of obtaining a business visa to Russia. The event reviewed procedures regarding how to obtain a Russian visa at consulates across the United States and here in Washington, DC.
USRBC Roundtable on National Security Considerations in Bilateral Trade and Investment
October 29, 2019
USRBC held a breakfast roundtable on national security considerations in bilateral trade and investment in Russia at its Washington, DC Office. The program featured experts from USRBC members Miller & Chevalier as well as Kesarev who offered a diverse array and depth of experience from both the U.S. and Russian perspectives. Our experts discussed national security and compliance issues related to the latest considerations for trade and investment in Russia and in the United States. These included challenges concerning exports of "dual-use" goods from the United States and the CFIUS process, but also how national security restrictions in Russia are impacting FDI and import substitution policies, especially with respect to critical infrastructure and the concept of technical and digital sovereignty .
USRBC Annual Meeting 2019
November 7-8, 2019
The USRBC's 2019 Annual Meeting's business sessions were again held at the Kimpton Hotel Eventi (851 6th Ave) and the Gala Dinner took place at the Morgan Library (225 Madison Ave.) The Annual Meeting started midday on Thursday, November 7th, with our Gala Dinner that evening, and concluded midday Friday, November 8th. For further details including speaker presentations and the Annual Meeting program, click the Details button below. Annual Meeting photos will be posted soon.
USRBC Webinar: The Latest on Tech Investment Opportunities with Russia Universities
July 11, 2019
USRBC hosted a members-only online webinar discussion on investment opportunities related to the commercialization of technology and partnerships with Russian universities. The event featured Kendrick White, the founder of Marchmont Capital Partners, LLC, who offered his experienced perspective on the Russian R&D, polytechnic, and university landscape, key institutional support mechanisms, and sectors in Russia which offer the best investment opportunities.
USRBC Roundtable on Managing Risk in Russia
June 20, 2019
USRBC hosted a roundtable discussion on managing risk in Russia a t its Washington, DC Office. The program featured experts with a diverse array and depth of experiences in matters in today's Russia related to choosing and understanding counterparts, navigating commercial disputes, and identifying and mitigating threats ranging from financial issues to information technology.
Legal Reform as a Catalyst for Sustained Economic Growth in Russia
April 24, 2019
USRBC held a breakfast meeting discussion on "Legal Reform as a Catalyst for Sustained Economic Growth in Russia" in conjunction with The International Law Institute. The program featured Denis Karimov, one of the leading experts and commentators on Russian administrative law, and William Pomeranz, Deputy Director of the Wilson Center's Kennan Institute.
USRBC Roundtable with RF Deputy Minister of Economic Development Timur Maximov
April 11, 2019
USRBC held a members-only roundtable at its Washington, DC Office with RF Deputy Minister of Economic Development Timur Maximov. Deputy Minister Maximov discussed the Russian government's economic reform agenda and macroeconomic policy priorities for the coming years, including areas of potential interest to foreign investors. He also highlighted his Ministry's role in implementing regulatory reforms to support Russia's National Development Projects, including the comprehensive inventory of state regulations affecting business and the government's plan for Transforming the Business Climate, which envisions profound legislative and regulatory changes to improve the conditions for business.
A write-up of this event is available to USRBC members >>
USRBC Hosted Angela Stent for a Discussion on U.S.-Russia Relations and Her New Book
March 5, 2019
USRBC hosted a discussion at its Washington, DC office with renowned Russia expert Angela Stent about U.S.-Russia relations and her new book, “Putin’s World: Russia Against the West and with the Rest.” In her new book, Ms. Stent explores Russia’s resurgence in global politics and its new role as a disrupter in diplomatic relations with China to the Middle East to the West.
USRBC Briefing on the Economic and Business Outlook for Russia and Other Eurasian Hydrocarbon Economies
February 21, 2019
USRBC hosted an exclusive breakfast briefing and discussion in Houston with Chris Weafer, Founding Partner of Macro-Advisory Ltd, a USRBC member. The event focused on the economic and business outlook for the hydrocarbon economies in Eurasia, including Russia, Kazakhstan, Azerbaijan, Turkmenistan, and Uzbekistan. Participants explored investment opportunities and risks for international companies working in the oil and gas sector in Russia and across the region. Other issues discussed included implications of sanctions for foreign companies active in Russia’s “strategic” sectors, Russia’s cooperation with OPEC; China's growing role in the Eurasia region energy sector and implications for Western companies; consequences of Russia's “tax maneuver” and other possible changes in the tax regime; petrochemical and refinery investment trends; and potential opportunities for Westerns companies related to the development of Ukraine’s shale reserves.
USRBC-AmCham-EEC Conference on Eurasian Integration
December 12, 2018
The U.S.-Russia Business Council, in partnership with the American Chamber of Commerce in Russia and the Eurasian Economic Commission (EEC), held a conference in Moscow on “Eurasian Economic Union: Integration Challenges.” The program featured EEC Chairman Tigran Sargsyan and EEC and Russian ministers discussing progress in and obstacles to Eurasian economic integration, including investment opportunities in key sectors of the EAEU economies; production localization; digitalization in the real sector; and harmonization of technical regulations and customs procedures within the EAEU. USRBC President and CEO Dan Russell moderated a panel discussion on technical regulation and best business practices in the EAEU markets.
USRBC Annual Meeting 2018
November 15-16, 2018
The USRBC 2018 Annual Meeting took place in New York on November 15-16, 2018. Similar to the 2017 Annual Meeting, the program started at noon on Thursday, November 15, with an Opening Keynote Luncheon and concluded mid-afternoon on Friday, November 16, after a Closing Luncheon. The Gala Dinner took place on November 15 at Prince George Ballroom.
Further event details including pictures and speakers' presentations will be posted shortly.
USRBC Videoconference with Macro-Advisory’s Chris Weafer
September 25, 2018
USRBC held a videoconference on "Assessing Russia's Economic Outlook" with Macro-Advisory Senior Partner Chris Weafer. Mr. Weafer discussed the outlook for Russia’s economy over near- and medium-term under increasing sanctions threat as well as the political outlook as the Russian government debates a number of difficult economic policy moves.
USRBC Roundtable with Deputy USTR/Chief of Mission in Geneva Dennis Shea
July 2, 2018
USRBC hosted a roundtable for Council members with Deputy U.S. Trade Representative and Chief of Mission in Geneva Ambassador Dennis Shea at USTR office in Washington, DC. USRBC members had the opportunity to hear from a leading Trump Administration trade official on developments at the World Trade Organization (WTO), who respond to their questions regarding engagement there with the Russian Federation. This meeting was especially timely as Russia is working to submit to the WTO its list of U.S. goods that would be subject to retaliatory tariffs in response to U.S. section 232 aluminum and steel tariffs.
USRBC Event with Minister of Energy Novak
June 26, 2018
USRBC hosted a discussion for Council members with Minister of Energy Alexander Novak on Tuesday, June 26 in its Washington, DC office. Minister Novak, who met with Energy Secretary Rick Perry in Washington on June 26 following discussions with his OPEC counterparts on the future of the OPEC+ production cut deal, discussed Russia’s energy sector priorities and offered his thoughts on the future of energy in Russia and globally. The discussion was moderated by Daniel Yergin, Vice Chairman of USRBC member IHS Markit .
Investing in Russia in 2018: Challenges and Opportunities
April 24, 2018
USRBC together with USRBC member Debevoise and Plimpton LLP held a seminar in New York on "Investing in Russia in 2018: Challenges and Opportunities," where we explored recent developments in the current business environment in Russia. The event featured a keynote address by Denis Morozov, Executive Director for the Russian Federation, European Bank for Reconstruction and Development, who addressed opportunities for economic development and reforms in Russia in the current conditions, followed by an overview of the recent legal developments affecting the investment climate in Russia by Alan Kartashkin, Partner at Debevoise and Plimpton LLP. The event concluded with a roundtable moderated by USRBC President and CEO Dan Russell with participation of Denis Morozov, Alan Kartashkin and Satish M. Kini, Partner at Debevoise and Plimpton LLP, and Charlie Ryan, Chairman, UFG Asset Management, who discussed the impact of sanctions on investment opportunities in Russia.
USRBC-ASROS Conference: Latest Developments and Best Practices in FinTech Cloud Computing
April 4, 2018
USRBC and the Association of Banks of Russia (ASROS) held a joint conference at the World Bank's offices in Moscow on "Latest Developments and Best Practices in FinTech Cloud Computing." The program featured the Central Bank, global IT leaders in cloud computing, financial industry experts, and representatives of Russian banks discussing the Central Bank's new three-year initiative in cloud computing, new global trends and best practices in cloud computing for the financial industry, and related developments in the Russian banking sector.
USRBC Discussion on Russia’s Economic and Political Outlook for 2018
February 28, 2018
USRBC held a discussion on “Russia’s Economic and Political Outlook for 2018” with Dr. Vadim Grishin, Consultant to the International Finance Corporation’s Chief Economist, in the Washington, DC office of Miller & Chevalier Chartered. Mr. Grishin gave an overview of the Russian government’s economic policy priorities in the context of the March presidential election and anticipated accelerating economic growth. He also discussed the viability of possible economic reform paths and competing policy priorities.
The Council would like to thank Miller & Chevalier for sponsoring this event.
Russia Sanctions – Lessons Learned and Lessons Being Learned
February 5, 2018
On the heels of the recent announcement on sanctions related to Russia’s defense and intelligence sectors and a series of Administration Russia-related reports to Congress under CAATSA, USRBC presented a program featuring former and current U.S. government officials to examine the U.S. sanctions regime against Russia, its genesis and distinctions from other U.S. sanctions regimes, and a review of the latest Russia sanctions developments.
USRBC-AmCham-EEC Conference on Eurasian Integration
December 7, 2017
T he U.S.-Russia Business Council, in partnership with the American Chamber of Commerce of Russia and the Eurasian Economic Commission (EEC), held a conference in Moscow on "Eurasian Economic Integration: New Challenges and Opportunities." The conference featured EEC Chairman Tigran Sargsyan and EEC ministers who discussed the future of Eurasian integration and provided in-depth looks into customs policies, technical regulations (particularly pertianing to the pharmaceuticals and medical devices markets) and competition policy. The conference also addressed the best practices of mutlinational companies operating in the Eurasian market.
USRBC Moscow Corporate Intelligence and Due Diligence Conference
December 8, 2017
The USRBC, in cooperation with member companies KPMG and Egorov Puginsky Afanasiev & Partners, hosted a discussion in Moscow on "Localizing and Protecting Your Business in Russia: Corporate Intelligence, Due Diligence and Compliance." The event drew from government officials and experts in the field to review current investment incentives as well as guidelines to properly vet potential partners and suppliers. As companies look to increase their local presence in Russia, particularly for those interested in establishing or expanding a manufacturing base, this discussion helped with strategies to reduce risks and ensure successful investments.