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

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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

IV International Business Summit 2015 in Russia

The key theme of the Summit in 2015 is Russia: Together into the Future! The Business Summit is unique as it offers new approaches to arrange communication of various groups and delegates.

Dates: 9-11 September 2015

Venue: Nizhegorodskaya Yarmarka, Nizhny Novgorod, Russia

Organizers: − Nizhny Novgorod Regional Government − All-Russian CJSC Nizhegorodskaya Yarmarka. Co-organizers: − Ministry of Industry and Trade of the Russian Federation − Ministry of Economic Development of the Russian Federation − Agency for Strategic Initiatives to Promote New Projects.

Russian Business Guide 2015

coverInformation and Analytical Journal “Russian Business Guide” in English is published by the JSC "CCI-Inform".  

The quarterly magazine is introducing the system of the CCI of Russia and acts as a guide to the political-economic and business events in the country and abroad. 
The magazine of experts and for experts offers information on the main activities of the CCI of Russia, the views and opinions of the representatives of the expert community of the CCI of Russia, assessments and evidences on key issues of economic and business development. 
 

Russian Economic Developments - №6 - 2015

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Experts of Gaidar Institute for Economic Policy present a survey "Russian Economic Developments" №6, 2015.

Core themes of the issue: The political and economic results of May 2015 - Russia’s inflation and monetary policy in April 2015 - Russian financial market in May 2015 - Russia’s state budget in January–April 2015 - Russian real sector of economy: factors and trends in April 2015 - Russian industry in April 2015 - Russian foreign trade in Q1 2015 - The living standards of the population of the Russian Federation - Mortgage in the Russian Federation in Q1 2015 - The review of meetings of the Government of the Russian Federation in May 2015 - The review of Russian economic legislation in May 2015 - The review of regulatory documents on taxation issues in April–May 2015 - Changes in the regulatory base of the budgetary process in May 2015 - Land reform in Dagestan: social and political risks - Inter-regional cross-subsidization in the Russian gas market: preserved inefficiency - New technology priorities: a reassessment of opportunities.

Download Russian Economic Developments - №6 - 2015

Genral meeting 

General Assembly meeting

NRCC Annual Meeting and Summer Event 2015  

NRCC Annual Meeting 2015 was held on 10 June. The NRCC Board Meeting, the NRCC Council Meeting and General Assembly took place at GIEK facilities, Dronning Mauds gate 15, Oslo. Liv Monica Stubholt, President of the NRCC and partner in the law firm Hjort, representing Kværner, chaired annual meetings. 

Meetings were followed by the Annual Summer Event. This year NRCC organized a fjord cruise on the majestic sailing ship S/V Legend. About 80 persons could enjoy a cruise on the Oslo fjord with good opportunities for networking and delicious food and shrimps from the Varangerfjord, Finnmark County, sponsored by our member Troika Seafood. We would like to thank all the participants in the Annual Meeting and Summer Event. 

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