On Tuesday, October 28, at 4:00 p.m., at the AmCham office, AmCham will hold a policy event on recent developments with respect to U.S. Sanctions & Terms and Conditions for Abrogation of European Sanctions. Speakers will include Andrey Goltsblat (Managing Partner, Goltsblat BLP), Fredrik Svensson (Partner, Mannheimer Swartling), and Fredrik Ringquist (Senior Associate, Mannheimer Swartling). Click here for registration details.
On October 23, AmCham held a briefing with Aleksandr Timokhov, Deputy Head of the Moscow City Committee for Architecture and City Development (Moskomarkhetiktury); and Vitaly Emmanuilov, Head of the Committee's Public Relations Department. The officials discussed Moscow's plans for creating a progressive city environment and devloping its industrial areas, and answered questions from many of the 40 AmCham executives in attendance.
The Moscow City Committee for Architecture and City Development is responsible for implementing state policy on Moscow's territorial development, including recently-added territories; and monitoring and controlling the General Plan of the city. The event was held at the Sheraton Hotel in Moscow and moderated by AmCham President & CEO Alexis Rodzianko.
[photograph from left: Aleksandr Timokhov, Alexis Rodzianko, Vitaly Emmanuilov]
[Photograph from left: AmCham SME Director Egor Zaostrovtsev; 5th floor of the Central Telegraph Building in Moscow]
The American Chamber of Commerce in Russia held its first Business Fair on October 22 at the Central Telegraph Building in Moscow. The event was designed to develop relationships between large and small member businesses and to introduce potential product and service providers to major purchasers.
Organized in a “speed-dating” format, the event facilitated almost one thousand 5-minute one-on-one meetings, during which sellers of products and services had the opportunity to present their businesses to potential clients. Over 40 procurement management teams from large AmCham member companies and almost 100 AmCham suppliers participated.
The event was opened by AmCham President & CEO Alexis Rodzianko and organized by AmCham SME Director Egor Zaostrovtsev. The popularity and success of the Business Fair was such that AmCham may make it an annual or bi-annual event.
AmCham President & CEO Alexis Rodzianko spoke during a high-level panel discussion on October 15 as part of the U.S.-Russia Business Council's annual meeting. The discussion focused on "The Bilateral Business Environment: Industry Leader Perspectives," and participants included Andy Serwer, Editor/Journalist; Former Managing Editor, Fortune; Peter Charow, Vice President Russia, BP p.l.c.; Piotr Galitzine, Chairman, TMK IPSCO; Alexey Repik, President, Delovaya Rossiya, and Chairman, R-Pharm Group; and William C. Lane, Senior Director, Global Government & Corporate Affairs, Caterpillar, Inc. The event was held at the Grand Hyatt in New York.
[Photograph from right: Alexis Rodzianko, Alexey Repik, Andy Serwer, William C. Lane, Piotr Galitzine, Peter Charow]
AmCham held its annual HR Conference on September 29 at the Holiday Inn Lesnaya hotel in Moscow. Following opening remarks by AmCham HR Committee co-chairs Natalia Beketovo (Procter & Gamble) and Florin Petrescu (Citi), Marianna Korneeva (KPMG Moscow) presented on the evolving role of the Chief Human Resources Officer (CHRO). In the next session, Marc Luet (Citi) and Sotirios Marinidis (Procter & Gamble) participated in a panel discussion on the talent profile of a successful HR professional. The discussion was moderated by Sergey Kordashenko (RosExpert - alliance partner of Korn/Ferry International). In the final session, Juan-Carlos Pastor (IE Business School), led an interactive session on transformational leadership.
Around 100 AmCham Human Resources professionals participated in the event, which was sponsored this year by Citi and GE.
On September 25, AmCham hosted a breakfast briefing with Birgit Hansl, Lead Economist for Russia with the World Bank. Ms. Hansl presented the 32nd edition of the World Bank's Russia Economic Report, entitled "Policy Uncertainty Clouds Medium - Term Prospects."
The report may be downloaded from the World Bank's website.
AmCham Member Sanctions Analysis is a new section of the AmCham website that provides a platform for AmCham members to share their analysis of sanctions against Russia. The section will be updated on an ongoing basis to reflect new developments and will serve as an information resource to help AmCham member companies guage the potential impact on their business operations in Russia.
The American Chamber of Commerce in Russia helds its 14th annual Business & Investment Conference on September 16 on the theme "Russia's Business & Investment Climate: Challenges & Opportunities." A capacity audience of AmCham member company executives attended the event at the Ritz-Carlton in Moscow.
[photograph from left (click to enlarge): Maxim Oreshkin, Ivan Tchakarov, Arkady Dvorkovich, Alexis Rodzianko, Alexey Kudrin, Bob Foresman]
Speakers included Alexis Rodzianko, President & CEO of the American Chamber of Commerce in Russia; Arkady Dvorkovich, RF Deputy Prime Minister; Alexey Kudrin, Dean of the School of Liberal Arts & Sciences, St. Petersburg State University; Bob Foresman, Barclays Group Country Head, Russia; Maxim Oreshkin, Director of the Long-term Strategic Planning Department, RF Ministry of Finance; Ivan Tchakarov, Head of Russia / CIS Economics, Citi Research; Naira Adamian, General Manager of Johnson & Johnson, LLC; Valery Draganov, President of Avtotor Holding; Myron Wasylyk, CEO, Russia, Ukraine, Kazakhstan & CIS, PBN Hill+Knowlton Strategies; Alexander Ivlev, Country Managing Partner for Russia, EY; Vyacheslav Orekhov, Managing Director, SAP CIS; Piotr Galitzine, Chairman, TMK IPSCO; and Dan Russell, President of USRBC.
AmCham thanks major sponsors EY and Nike; and general sponsors DOW, ExxonMobil, International Paper, and PBN Hill+Knowlton Strategies.
Piotr Galitzine, Chairman, TMK IPSCO | TMK and World Energy
Myron Wasylyk, CEO, Russia, Ukraine, Kazakhstan & CIS Countries, PBN Hill+Knowlton Strategies | Managing Corporate Reputation Through Turbulent Times
On Tuesday, July 29, the U.S. Department of Treasury imposed prohibitions on additional entities operating within the financial-services sector of the Russian economy. Also on Tuesday, the EU announced its own sanctions, targeting the oil and defense sectors.
In light of this, on Thursday, July 31, at 5:00 p.m., AmCham organized and hosted a round-table discussion on the new sanctions, the crisis in Ukraine, and possible implications for AmCham-member businesses operating in the Russian Federation. The session was hosted by AmCham President & CEO Alexis Rodzianko and was off-the-record. Alexander Bychkov of Baker & McKenzie and William Muntean and Scott Pozil, both from the U.S. Embassy, also took part in the roundtable, speaking to a capacity audience. AmCham hosted a similar round table on July 24 following the announcement of further sanctions on July 16.
The U.S. actions that were announced on Tuesday target three state-owned banks and one state-owned defense technology entity, prohibiting U.S. citizens from providing new financing to these entities. The measures coincide with actions taken to suspend U.S. export credit and development finance to Russia. To read more about the prohibitions, please visit the US Embassy in Moscow’s announcement and Treasury’s sanction identification update.
The July 31 round table was part of AmCham's continuing series of policy events that provide a closed forum for AmCham member companies to discuss their concerns about the potential impact of the current situation and what it means for U.S. businesses in Russia.
To read the U.S. Treasury's announcement and detailed account of the sanctions announced on July 16, please click here. To read a recent response from Russia's Ministry of Foreign Affairs, please click here.
On Thursday, September 11, the European Union agreed to place new sanctions on Russia. (The measures were approved on Monday and are to go into effect on Friday, September 12). Following the announcement by the EU, on Thursday, President Obama issued a statement saying that the United States would join in a coordinated effort with the EU by also increasing it own sanctions on Russia. To read the White House statement, please click here. To read a statement by the President of the European Council, please click here.
AmCham will continue keeping its membership up-do-date on these developments as they unfold through regular mailings, updates, and roundtable events.
AmCham in the News: The Crisis in Ukraine and Sanctions
AmCham's President and CEO, Alexis Rodzianko, has been actively engaging with journalists in Russia and abroad in regarding the crisis in Ukraine and U.S. sanctions against Russia. "AmCham stands for business, and sanctions are not good for business." he said recently. "However, sanctions are not something that AmCham can control and therefore the Chamber hopes that the politicians involved in the current crisis can resolve the issue as quickly as possible so that business people can go back to doing business."
AmCham's Innovation & Technology Committee held a joint networking event in Silicon Valley on July 14 in conjunction with Silicon Valley Bank, Global Venture Alliance (GVA) LaunchGurus and the GVA LaunchGurus Startup Academy. The event, entitled "Building a Bridge to Silicon Valley," brought together over 60 U.S. and Russian investors, venture capitals, entrepreneurs and business people, and was moderated by Gary Fowler, co-chair of AmCham's Innovation & Technology Committee and co-founder & Chief Marketing Officer of GVA LaunchGurus. Presentations on Russian/American investment opportunities were made by Andy Tsao, Managing Director of Silicon Valley Bank's Global Gateway; and Kamran Elahian, Chairman and co-founder of Global Catalyst Partners. Lawrence Wright, co-founder & CEO of GVA LaunchGurus, concluded the formal part of the evening by discussing the potential for creating partnerships between Silicon Valley and Russian startups.
The event was supported by Silicon Valley Bank and Russian Standard.
[photographs from left: Gary Fowler, GVA LaunchGurus; Andy Tsao, Silicon Valley Bank; Kamran Elahian, Global Catalyst Partners; Lawrence Wright, GVA LaunchGurus]
On July 10, AmCham Russia President & CEO Alexis Rodzianko participated in the plenary session of Russia's premier industrial trade fair, INNOPROM, in Ekaterinburg. Mr. Rodzianko later held private meetings with Andrey Sobolev, Sverdlovsk Oblast Minister for International and External Trade Relations; and Andrey Besedin, President of the Urals Chamber of Trade and Industry.
Following the INNOPROM events, Mr. Rodzianko moderated a meeting of the AmCham Business Club (ABC) in Ekaterinburg. Participants included executives of AmCham member companies 3M, Timken, AirFrance KLM, Manpower, Edwar International, Brainpower, Ancor, and Avento, as well as the US Consulate General in Ekaterinburg Otto Hans Van Maerssen.
Over a dozen AmCham member company senior executives attended a briefing on July 3 with Oleg Viugin, Chairman of MDM Bank. Mr. Viugin, an economist and former head of the RF Federal Financial Markets Service (FFMS), shared his thoughts on the impact of sanctions on direct investments in Russia. The event was held at the Mouravieff-Apostol House & Museum on Staraya Basmannaya street in Moscow and moderated by AmCham President & CEO Alexis Rodzianko.
[2nd photograph from left: Alexis Rodzianko, President & CEO, AmCham Russia; Oleg Viugin, Chairman, MDM Bank; 4th photograph: Mouravieff-Apostol House & Museum, Moscow]
The U.S. Chamber of Commerce and the National Association of Manufacturers are now preparing a newspaper advertisement in the U.S. stating that potential sanctions on Russian energy, defense, and financial sectors could hurt U.S. businesses and workers. The American Chamber of Commerce in Russia whole-heartedly agrees with, and supports, this position.
The ad specifically speaks out against the U.S. committing to unilateral sanctions against Russia. This position is entirely consistent with AmCham's position: AmCham has been urging the U.S. government that unilateral sanctions will seriously impede U.S. companies in the Russian markets, while at the same time creating better opportunities for businesses from competing countries.
Alexis Rodzianko, President & CEO of AmCham Russia, led a delegation of AmCham member company executives on a trade mission to Novosibirsk on June 20. Delegation members met with Acting First Deputy Governor of Novosibirsk Oblast Anatoliy Sobolev and Acting Minister of Economic Development Olga Molchanova to discuss issues relevant to business operations in the oblast and agree on steps for continued engagement between business and the regional Government. The group later gathered at the office of Parallels for a meeting of AmCham's Novosibirsk ABC (American Business Club). During the event, participants shared experience on some of the challenges, advantages, and specifics of doing business in Novosibirsk Oblast, as well as current and future prospects for investment in the region.
The trade mission delegation comprised executives of 16 AmCham member companies: AECOM Russia, Coca-Cola HBC Eurasia, Dupont Science & Technologies LLC, EMC Russia, GE, GE Healthcare, Kelly Services, Liberty Insurance, Manpower, Mars, Moore Stephens, Parallels, PepsiCo, Philip Morris Sales & Marketing Ltd., PwC, and Timken.
[photograph left: Meeting of AmCham's Novosibirsk ABC; center from left: Anatoliy Sobolev, Acting First Deputy Governor of Novosibirsk Oblast and Alexis Rodzianko, AmCham Russia President & CEO; right: AmCham delegation at the Novosibirsk Oblast Administration]
AmCham members with specific questions regarding the operations of U.S. sanctions related to the Ukraine crisis may use the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) compliance hotline at 1.800.540.6322 or present inquiries for formal interpretive guidance by e-mail to email@example.com.
The American Chamber of Commerce in Russia, in collaboration with the International Business Leaders Forum (IBLF), held a policy round table on April 9 on providing fair competition in public procurement. The event was moderated by Boris Tkachenko, head of IBLF Russia. Following opening remarks by Alexis Rodzianko, President & CEO of AmCham Russia, Helen Abramova, Business Standards Program Manager with IBLF Russia, spoke on business participation in improving public procurement in Russia; Oxana Migitko of Pepeliaev Group presented an initial analysis of the gaps in Federal Law No. 44 and the impact on companies participating in public tenders; Anton Subbot of Baker & McKenzie spoke on enforcement trends in public procurement tenders, and Konstantin Rybakov of KPMG outlined the main approaches to the development of Federal Law 223. (click here for background information).
Photographs from the event (click to enlarge):
from left: Alexis Rodzianko (AmCham),
center: Boris Tkachenko (IBLF Russia)
right: Helen Abramova
Alexis Rodzianko, President & CEO of the American Chamber of Commerce, recently spoke with The Moscow Times, reflecting on his personal experiences working in the Russian market, challenges he's faced and lessons learned, his family's unique place in Russian history, as well as some of his interests beyond business. Please click here for the full text of the interview, and click below for a short question-and-answer session at the AmCham headquarters in Moscow.
An improved one-window service for work permits & related documents is in place for AmCham member companies. This AmCham service is free of charge. Representatives of AmCham member companies should bring their documents to the AmCham office at Dolgorukovskaya 7, 14th floor (Ул. Долгоруковская 7, 14ый этаж). An authorized, dedicated AmCham member of staff collects submitted documents, transfers them to the Federal Migration Service offices, and transfers processed applications back to the AmCham office for collection by members.
In cooperation with the U.S. Embassy Consular Section AmCham has implemented a system to expedite the U.S. visa application process for AmCham members. Premium Processing allows AmCham member company employees to obtain a visa within five business days or less.
Looking for an article you saw on the front page of the AmCham website but can no longer find it? Check out the AmCham Front Page Archive.