NRCC & NHO Networking meeting in Oslo, 1 September 2015

The NRCC has the pleasure to invite representatives of its member companies and partners to the forthcoming NRCC Networking Meeting in Oslo, organized by the NRCC in cooperation with Confederation of Norwegian Enterprise (NHO).

Date  : Tuesday, 1 September 2015
Time : 14hrs00-18hrs00
Place:  NHO, Middelthuns gate 27, Oslo

Please click here to download the program for more details and follow the link to register for the meeting on-line

Registration deadline: Monday, 31 August 2015.

We look forward to your participation!

The NRCC administration. Igor Sechin has suggested creation of a shipbuilding monopoly

(Original article at English translation by the NRCC)

04 August 2015

In his letter to Russian President Vladimir Putin, Igor Sechin, the head of Rosneft, has suggested that legislative measures should be introduced to generate orders for Zvezda Shipyard. The above is reported by Kommersant Newspaper with reference to a copy of Sechin’s letter.

Sechin proposes to encourage all Russian companies – such as Gazprom, Novatek, Lukoil and others – to place construction orders for marine vessels and machinery in Russia and create a unified site where all the orders could be gathered, with the Far Eastern Shipbuilding and Ship Repair Center (FESRC) at its core. Zvezda Shipyard is a part of the FESRC.


To download statistics report in English please click here

Norsk eksport til Russland er i løpet av 1. halvår 2015  redusert med NOK 2.8 mrd, eller om lag 78 % i forhold til samme periode i fjor.

Russisk eksport til Norge er økt med NOK 490 mill, som er om lag 10 % økning i eksporten i forhold til samme periode i fjor.

Den totale samhandelen i løpet av første halvår er på  NOK 6.05 mrd. Dette er en nedgang på NOK 2.3 mrd eller om lag 28 %.

I mln NOK

Jan.-juni 2014

Jan.-juni 2015



Import fra Russland

4 794

5 284

10 %


Eksport til Russland

3 580


-78 %

-2 810

Total samhandel

8 375

6 055

-28 %

-2 319

Daglig leder i Norsk-Russisk handelskammer, Jarle Forbord, sier at det kraftige fallet i norsk eksport ikke er overraskende. Han viser til at restriktive tiltak er besluttet opprettholdt av alle parter. 

IMF country report - Russian Federation

In August 2015, International Monetary Fund (IMF) has released its newest country report on Russian Federation. 

The report includes:

 - A Press Release summarizing the views of the Executive Board as expressed during its July 29, 2015 consideration of the staff report that concluded the Article IV consultation with the Russian Federation.

- The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on July 29, 2015, following discussions that ended on May 21, 2015, with the officials of the Russian Federation on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on July 2, 2015.

- An Informational Annex prepared by the IMF staff

To download full report in English please click here

To download full report in Russian please click here 

Treasury Sanctions Individuals and Entities Involved In Sanctions Evasion Related To Russia and Ukraine 

On 30 July 2015, the Office of Foreign Assets Control (OFAC) has issued an important Crimea Sanctions Advisory to highlight some of the practices that have been used to circumvent or evade U.S. sanctions involving the Crimea region of Ukraine (Crimea). Executive Order 13685, "Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to the Crimea Region of Ukraine" prohibits virtually all direct and indirect transactions (including financial, trade, and other commercial transactions) by U.S. persons or within the United States to or from Crimea unless authorized by OFAC or exempted by statute.  The evasive practices identified by OFAC include the omission or obfuscation of references to Crimea and locations within Crimea in documentation underlying transactions involving U.S. persons or the United States.  U.S. persons and persons conducting business in or through the United States should be aware of these practices in order to implement appropriate controls, commensurate with their OFAC sanctions risk profile, to ensure compliance with their OFAC obligations.

The action is designed to counter attempts to circumvent U.S. sanctions, to further align U.S. measures with those of its international partners, and to provide additional information to assist the private sector with sanctions compliance. 

In addition, OFAC has updated the Specially Designated Nationals List and the Sectoral Sanctions Identifications List.

For the identifying information related to this action, click here.

Russian Economic Developments - №7 - 2015

cover 07 2015

Experts of Gaidar Institute for Economic Policy present a survey "Russian Economic Developments" №7, 2015.

Core themes of the issue: The political and economic results of June 2015 - Russia's inflation and monetary policy in May 2015 - Russian financial markets in May 2015 - Russia's State Budget in January-May 2015 - Russia's banking sector in May 2015 - Russian real sector of the economy in May 2015: factors and trends - Decomposition of Russia's GDP growth rate and GDP dynamics factors in 2015 - Investments in Russia's real sector of the economy in May 2015 - The Russian industry in May 2015 - Russian Foreign Trade in April 2015 - The real property market in the Russian Federation in Q1 2015 - Migration in Russia in Q1 2015 - The review of meetings of the Government of the RF in June 2015 - The review of Economic Legislation - An overview of Russian normative documents on taxation issues for May-June 2015 - Changes in the Russian regulatory base of the budget process in June 2015 - Gender equality as necessary component of economic growth.

Download Russian Economic Developments - №7 - 2015

Summer vacation

Dear all,
Please be informed that the NRCC office is closed due to summer vacation July 6 – July 31 2015.
We wish all our members, partners and friends a great summer vacation!
NRCC administration


The aim of the NRCC is to stimulate and improve business relations between Norwegian and Russian companies regarding import, export, shipping, business development, tourism or investment activities. More...


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