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VTB, Smoking Ban, Space Program: Business in Brief

Published: July 1, 2014 (Issue # 1817)



  • VTB has decided against dropping U.S. citizens as clients.
    Photo: For SPT

VTB to Maintain U.S. Clients

VTB president Mikhail Zadornov told Interfax that the Russian bank will not stop servicing its U.S. clientele, contrary to an announcement last month that VTB planned to "phase out" U.S clients.

Moreover, VTB remains open to potential U.S. accountholders, he said.

The bank's earlier decision to abandon U.S. clients was an attempt to avoid running afoul of the U.S. Foreign Account Tax Compliance Act legislation requiring the bank to provide information on American accountholders to the U.S. Internal Revenue Service, or IRS, which would have been in violation of Russian law.

However, President Vladimir Putin on Friday signed a law allowing Russian banks to comply with FATCA.

VTB24 has already registered with the U.S. Internal Revenue Service and will transfer information to the IRS accordingly, Zadornov said. (SPT)

Smoking Ban Strikes Terraces

Russia's state consumer protection agency, Rospotrebnadzor, has banned smoking on summer terraces at restaurants and cafes, a press release said.

The ban will crack down on smoking in outdoor seating which has been the favorite, albeit seasonal, workaround for venues unhappy with the ban on indoor smoking that went into effect on June 1.

The press release specifies that the smoking ban applies to any artificially constructed area where customers are seated and served including porches, tents, terraces and balconies.

Rospotrebnadzor collected more than $500,000 in smoking fines between January and March this year, the agency said last month in a press release. (SPT)

Krikalyov to Head Manned Space Program

Former cosmonaut Sergei Krikalyov, who recently left his post as head of the Yury Gagarin Cosmonaut Training Center, is to head up a new manned space program for the Federal Space Agency after returning from vacation, Roscosmos chief Oleg Ostapenko said on Monday.

Earlier it was reported that Krikalyov would take up a position with the Central Research Institute for Machine Building, or TsNIIMash, and potentially worked in Moscow Mission Control.

Krikalyov is a living legend, having racked up a total of 803 days in space over the course of six flights an absolute world record for time spent in orbit. During that time he conducted eight space walks.

Krikalyov became the head of the Yury Gagarin Cosmonaut Training Center in 2009 and left the position in March after his contract with Roscosmos expired. (SPT)





 


ALL ABOUT TOWN

Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



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