in this issue 2018_february_215,9x279.pdfnicolas temnikov consultant pierre pyun bombardier...
TRANSCRIPT
IN THIS ISSUE:
MEMBER SERVICES:Job Bank: post your job openings on our websiteCERBA attracts a lot of job�seekers who possess very specificskills. Posting your opening on our website will enhance its visi�bility and outreach to potential candidates and will give you theopportunity to target the desired audience. For CERBA memberswe are offering this service as a part of the membership package,but it is also available for non�members for an extra fee.
Interested in Posting a Career Opportunity?Career postings can be listed on our website for:Members � freeNon�members � $200 + tax
Career postings should be sent to your local CERBA RegionalDirector electronically. Submissions are accepted in Word orPDF. Requests for job postings from non�members shouldinclude billing information or a Visa, Mastercard or Amex num�ber. Positions are posted for 30 days or until resume closingdate, whichever is earlier. For more information please con�tact your local CERBA Regional Director.
Resume Bank:Dear CERBA Members, we are happy to remind you of anadded�value service included in your membership package:Resume Bank. Among our dedicated volunteers and internsthere are a lot of talented bilingual and multilingual profession�als who are searching for new career opportunities. If you arelooking to fill in a position with your company please feel free tohave a look at the resumes in the Member�only section of ourwebsite and contact the potential candidates directly.
CERBA LINKED�INspiredWould you like to be the first to know what is new in the CERBAcommunity?
Please follow our company page on LinkedIn:hhttttpp::////wwwwww..lliinnkkeeddiinn..ccoomm//ccoommppaannyy//ccaannaaddaa��eeuurraassiiaa��rruussssiiaa��bbuussiinneessss��aassssoocciiaattiioonnReceive regular updates from us and feel free to like, share and comment!
CERBA members, we would like to remind you that you are most wel�come to start discussions, share your views and ask questions in ourexclusive member�only LinkedIn group. Created specifically for the con�venience of our members, this group is an excellent tool to start a newconversation, bring up a pertinent issue or just reconnect to someonewho shares the same values.
MEMBERSHIPFor membership inquiries, please contact your regional CERBA office:
TTOORROONNTTOO CCHHAAPPTTEERR � Katherine Balabanova,
e�mail: [email protected]
Phone: 1 (416) 862 4403
MMOONNTTRREEAALL CCHHAAPPTTEERR � Sebastien Dakin,
e�mail: [email protected]
Phone: 1 (514) 575 6334
VVAANNCCOOUUVVEERR CCHHAAPPTTEERR � Tatiana Domilovskaya,
e�mail: [email protected]
Phone: 1 (604) 720 2905
AALLBBEERRTTAA CCHHAAPPTTEERR � Frank Kense,
e�mail: [email protected]
Phone: 1 (780) 915 1110
OOTTTTAAWWAA CCHHAAPPTTEERR �Sebastien Dakin
e�mail: [email protected]
Phone: 1 (514) 575 6334
KKAAZZAAKKHHSSTTAANN CCHHAAPPTTEERR � Taskyn Koshman
e�mail: [email protected]
Phone: 7 (747) 555 1319
MMOOSSCCOOWW CCHHAAPPTTEERR � Alex Grichine
e�mail: [email protected]
Phone: 7 (985) 762 1240
MMAANNIITTOOBBAA CCHHAAPPTTEERR � Tom Nevakshonoff
e�mail: [email protected]
Phone: 1 (204) 664 2111
ALBERTA BOARD OF DIRECTORS
Chairman
Brent Knight � R1 Airlines
Directors
Erin Chutter � Global Energy Metals (ex officio
member)
Erkin Atakhanov � Personal Finance Consulting
John Kemp � First Medics International
Laurent Auger � Alberta International
Intergovernmental Relations
Nick Bryanskiy � Bennett Jones LLP
Pat Wories � Enersul
MOSCOW BOARD OF DIRECTORS
Chairman
Nathan Hunt – Ronald A. Chisholm International
Directors
Alexander Skoblo � Dentons Russia
Anatoly Andriash � Norton Rose Fulbright
Clark Bailey � EuroChem Group
Kelly Allin � Deloitte Russia
Luc Jones � Antal Russia
Madina Assylbekova � Gowling WLG
Matt Wills � John Deere Construction &
Forestry Division
Mikhail Romanov � Ernst & Young
Neil Withers � CFA Russia
Pavel Zhelvis � RusTechnip LLC
Ron Lewin � TerraLink Technologies
Stanislav Borodyuk � Kinross Gold Corporation
Svetlana Bobrovich � Barrick Gold
Observers
Annick Goulet � Embassy of Canada in Moscow
Redouane Mekideche � Embassy of Canada in
Moscow
MONTREAL BOARD OF DIRECTORS
Chairman
Gilles Breton � International Affairs Consultant
Directors
Alexandre Borduas � BRP
Ilya Kalnish � BCF
Leo Knaapen � Bombardier
Nicolas Fresne � Former Head of Quebec
Mission in Russia
Observers
Jocelyn Neron � Ministere de l'economie, de
l'innovation et de l'exportation du Quebec
OTTAWA BOARD OF DIRECTORS
Chairman
Gilles Breton � International Affairs Consultant
Directors
Alexandra Logvin � Fasken Martineau
DuMoulin LLP
Christopher Westdal � Silver Bear Resources
Greg Shields � Hyperline
Nicolas Temnikov � Consultant
Pierre Pyun � Bombardier
Observers
Cecilia Silundika � AANDC
VANCOUVER BOARD OF DIRECTORS
Chairman
Erin Chutter � Rare Capital Corp.
Directors
Bryan Hughes � EDC
Daniel Kiselbach � Deloitte Tax Law LLP
Dominique Spragg � Viking Air
Dr. Stephen Ramsey � Grey Owl Engineering �
Vancouver
John Kitchen � Steveston Net and Gear
John Sloan � Former Ambassador of Canada
to Russia, Armenia and Uzbekistan
Joseph Bonvillain � Manning Elliott LLP
Vladimir Scekic � MIVA Engineering
Observers
Tulegen Kalau � ENERTEK�Kazakhstan
Victoria Hayes � Ministry of International Trade
(BC Provincial government)
TORONTO BOARD OF DIRECTORS
Chair
Martha Harrison � McCarthy Tetrault
Directors
Alex Peshekhonov � Global Performance
Improvement Inc.
Alex Shifrin � LP/AD
Alina Pekarsky � Sci�Tech Ventures
Associates; Schulich Executive Education
Centre, York University
Boris Aryev � Stans Energy Corp.
John Coll � Bombardier
Lou Naumovski � Amur Minerals Corporation;
World Gold Council
Mark Gilbert � Bombardier Commercial Aircraft
Mike Van Akkooi � Kinross Gold
Robert C Kay � Migao Corporation
Wendy Harris � CESO
Wolfgang Spillner � Logistics Consultant
KAZAKHSTAN BOARD OF DIRECTORS
Chairman
Norman Storm � Falcon Oil&Gas LLP
Vice Chairman
Alex Chernoff � PetroKazakhstan
Directors
Aigul Shamshildayeva � Orion Group Kazakhstan
Bolat Dosmukhametov � AsiaCredit Bank
Darryl Clark � Cameco Kazakhstan
Dauren Alybayev � NAC Kazatomprom
Dauren Amirov � Bombardier Transportation Rail
Signal Ltd
Kanat Skakov � Dentons
Kehler George Glenwood � CanAgroExports
Kirill Afanasyev � Schneider Group Kazakhstan
Ksenia Babushkina � Ernst &Young
Observers
Alexandr Skorov � ProTax & Accounting
Bruce Gaston � Darmen Technology
Darren Smith � Embassy of Canada to
Kazakhstan
NATIONAL BOARD OF DIRECTORSChairman
GILLES BRETON � International Affairs Consultant
Directors
BORIS ARYEV � Stans Energy Corp
BRENT KNIGHT � R1 Airlines
CHRIS WESTDAL � Silver Bear Resources
DANIEL KIESELBACH � Deloitte Tax Law
ERIN CHUTTER � Rare Capital Corp.
HONOURABLE J. TREVOR EYTON
MARTHA HARRISON � McCarthy Tetrault
MIKE VAN AKKOOI � Kinross Gold
NATHAN HUNT � Ronald A. Chisholm International
NORMAN STORM � Falcon Oil&Gas LLP
PIERRE SEIN PYUN � Bombardier
PIOTR DUTKIEWICZ � Carleton University
Chairman EmeritusLOU NAUMOVSKI � Amur Minerals Corporation, World Gold Council
JANUARY 23
Conference Vancouver ResourceOpportunities withOne Belt, OneRoad CentralAsian InvestmentPolicy
TABLE OF CONTENTSCERBA MAJOR EVENTS 2018
OPINION
CERBA Chairman's Message . . . . . . . . . . . .4
ASSOCIATION NEWS
New Members . . . . . . . . . . . . . . . . . . . . . . . .5
Member News . . . . . . . . . . . . . . . . . . . . . . . .6
NEW FACES
Meet Tom Nevakshonoff, Chair of new
CERBA Chapter in Manitoba . . . . . . . . . . . .11
EXPERT'S CORNER
Taxation of Mining Companies
Operating in Canada . . . . . . . . . . . . . . . . . .12
MAIN STORIES
CERBA Delegation at Eastern
Economic Forum in Vladivostok . . . . . . . . . .13
CERBA Delegation at the USA�Uzbekistan
Business Forum with President
Mirziyoyev . . . . . . . . . . . . . . . . . . . . . . . . . .17
12th CERBA Eurasia Construction
and Infrastructure Forum 2017 . . . . . . . . . . .18
RCBC Symposium on Canada�Russia
Commercial Relations . . . . . . . . . . . . . . . . .20
CERBA Hosts the President of the
Moscow Chamber of Commerce . . . . . . . . .26
VII CERBA�Vancouver International
Conference: Mining and Resource
Opportunities Along The Silk Road . . . . . . . . .27
LOOKING BACK
Events and Association Activities . . . . . . . . .32
CERBA NEWSLETTER Design:
Dmitry Radomsky
MARCH 6
Conference Toronto CERBA EurasiaMiningConferencewithin the officialprogram of PDAC
APRIL 25�27
BusinessDelegation
Belarus Visit of CanadianBusinessDelegationto the Republicof Belarus
MAY 24�26
Forum St. Petersburg SPIEF 2018
JUNE 11
Forum Ottawa Annual KCBCMeeting
SEPTEMBER 6�7
Forum Vladivostok Canadian RoundTable at theEastern EconomicForum inVladivostok (TBC)
OCTOBER 3�5
Forum /trade show
Almaty KIOGE 2018
NOVEMBER TBC
Conference Toronto CERBA EurasiaConstruction andInfrastructureConference
4 / 2018 Volume I 2018 Volume I / 5
OPINION ASSOCIATION NEWS
Dear CERBA Members,
Since I am addressing you for the first time as the Chairman of
CERBA's National Board, let me at the outset offer a few com�
ments about the context in which I am undertaking this new
function.
First, my CERBA title is new, but my involvement with the
organization is not. Since 2014, I have had the pleasure of
being associated with the Montreal and Ottawa chapters.
Before that, during my assignment as Deputy Head of Mission
at the Canadian Embassy in Moscow from 2008 to 2012, I had
many occasions as well to participate in CERBA activities.
Second, but perhaps more important, is the fact that most of
my professional career has had to do with the Eurasian region.
Although I spent a lot of time on political matters, my assign�
ments in the region gave me the opportunity, thanks to gener�
ous hosts willing to share their insights, to acquire a certain
familiarity with the economic reality of the region. Stemming
from that experience, I developed the personal belief that it is
in the long term mutual interest of Canada and the countries of
the region to work at developing a multi�faceted, more diversi�
fied and deeper economic relationship. In my view, there is a
complementarity of interests that goes far beyond the tradi�
tional trade in commodities. Over the years, we had managed
to include a reference to this confluence of interests in our
public speeches by referring to the huge untapped economic
potential of Canada's trading relationship with the region. This
may sound somewhat like a political embellishment, but I
remain convinced that it is far more than just that.
No matter how valid the observation may be, it needs to be
shared and acted upon. This is where CERBA comes into the
picture. It can play a key role in establishing and sustaining
effective communication and understanding among econom�
ic stakeholders so that opportunities for cooperation can be
identified and successfully pursued.
This role also implies keeping up with the considerable changes
that are taking place in the region that is of interest to us, includ�
ing, among others, the regional integration efforts of the
Eurasian Economic Union, major infrastructure projects such as
One Belt One Road, and developments pertaining to specific
countries such as the reform plans in Uzbekistan and the nor�
malized trade relation with Belarus. Throughout the region, one
can also observe the emphasis that virtually all governments are
placing on modernizing their economies. Innovation objectives,
along with climate change ecological concerns, will increasing�
ly influence trade and investment decisions.
In our discussions about Canadian export development, we
nowadays often refer to the need to look at Eurasia as a global
export market as well as to pursue a salutary diversification. This
is not to say that we are paying less attention to any given coun�
try, but that we develop a better understanding of each coun�
try's position in the Eurasian region and suit our approach
accordingly. At this time, and even despite the difficult political
relationship in the case of Russia, we have reasons to be opti�
mistic about Canada's economic relations with virtually all coun�
tries in the region. This is not just a reflection of a naturally more
optimistic bent on my part, but of actual economic indicators
moving in the right direction.
On this positive note, I would like to take the opportunity to pay
tribute to the work of my predecessors, Lou Naumovski and
Nathan Hunt, and to thank them for their continuing involve�
ment in the work of the organization.
In closing, I would like to express the hope to see you all as
participants in one of the many activities CERBA is planning for
the coming year.
AALLMMAAZZ RROOCCKK GGRROOUUPP develops
and manages communications in
the following segments:
� Business consultancy services
for individual investors and ven�
ture capitalists
� Consultancy services on global
project investments
� General consultancy services on
study in Canada
� General Consultancy services on immigration to Canada
The company led by the Principal, Dr. Khoshgadam Karaman.
CCaannAAggrroo EExxppoorrttss IInncc..,, ((CCAAEE)) is
committed to earning a reputation
of integrity in business, timely
delivery, assembly of products
sold, and excellent in�field sup�
port and training. With a dedicat�
ed team devoted to increasing
knowledge and understanding of
the market and the equipment being sold, CAE works with farm�
ers to provide effective solutions for the needs of today's ever
growing agricultural market.
CAE's mission is to partner long term with farmers to provide
quality agricultural products combined with a level of after sales
service and support that exceed their expectations. Our philos�
ophy of 'highest level service' is the way we conduct business.
CAE works tirelessly with suppliers and partners to meet the
demands of the market, providing solutions that enable our cus�
tomers to work with increased productivity, thereby increasing
the farmer's capacity year after year.
DDEELLCCRREEDDAA
Credit Management is our pas�
sion: minimizing the risk of non�
payment, increasing efficiency
and transparency of complex
credit management processes
and improving its own credit worthiness by better working cap�
ital management also in high risk countries � this is what DEL�
CREDA group is offering since 2012.
Following our clients business we are now present in Germany,
Russia, Adriatic/Balkan Region, Mongolia and the USA. The
extension of our activities to Canada and China is in preparation.
Depending on the requirements of our clients we are also prepar�
ing special information reports about companies in a number of
high risk CIS /Adriatic region countries as a basis for credit deci�
sions by companies, credit insurers or credit institutions.
Our worldwide established good relationships with the market
leaders in this sector as well as with the providers of special
solutions for covering economic and political risks enables us
to provide our clients with customized solutions, that can be
the basis for internal credit decisions or financing from credit
institutions.
Debt based financing � through Factoring or Finetrading offers �
might be another appropriate solution for your company's
needs. Our contacts with these providers also in Russia / CIS
could bring you a long way towards enabling your exports.
DELCREDIX � our IT solution for credit management processes
of companies helps a lot to improve the quality, efficiency and
transparency of all credit management related processes and
can lead to a compliance respecting business approach.
Find out more about us on:
www.delcreda.com, or contact us: [email protected]
EEuurraassiiaaPPhhaarrmmCCoonnssuullttiinngg
The company renders services on vol�
untary pre�inspection audit for pharma�
ceutical companies in order to meet the
requirements prescribed by manufactur�
ing practice rules (Order of the Ministry
of Industry and Trade of the Russian Federation No. 916 of June
14, 2013 "On approval of due manufacturing practice rules")
and provides recommendations for elimination and correction
of any nonconformities.
Luzhnetskaya embankment, 6, building 1,
119270, Moscow, Russian Federation
Tel: +79854237075
info@gmp�audit.ru
www.gmp�audit.ru
HHyyddrraaccoorree DDrriillllss LLttdd.. started out in
1975. We are located in the
Vancouver area for easy access
to our global customer base. We specialize in building powerful
but light weight core drilling equipment for the mineral explo�
ration market. We are one of the most recognized names in the
business due to our quality equipment and unparalleled cus�
tomer service.
Jeremy Lauzon, President
E�mail: [email protected]
Phone: 604�940�4937
Fax: 604�940�4919
Address: 7702 Progress Way, Delta, BC, V4G 1A4
LLUUBBEEXX CCoonnssttrruuccttiioonn
The construction and assembly
company LUBEX is a professional
and reliable partner in the construc�
tion services market in Kazakhstan.
The company carries out construction, reconstruction, capital
and current repair of objects of any complexity, performs the
function of both the general contractor and the subcontractor.
All activities of the company are licensed, the company has a
certificate of admission to a certain type or type of work that
affects the safety of capital construction facilities and is includ�
ed in the register of audited organizations. The company's activ�
ities are certified in accordance with ISO quality standards.
Types of services:
� design work
� construction and installation works
� reconstruction and repair of buildings and structures
� monolithic construction
� general construction and finishing work
� the device of engineering networks and systems of ventilation
and air�conditioning
� installation of process equipment in industrial plants
� road construction works
Gilles Breton, Chairman of the CERBA National Board
MESSAGE FROMCERBA NATIONALCHAIRMANGILLES BRETON
NNEEWW MMEEMMBBEERRSS
6 / 2018 Volume I 2018 Volume I / 7
ASSOCIATION NEWS ASSOCIATION NEWS
Antal actively participates in life of the business community,
helping companies in matters of recruitment. Antal consultants
regularly share their expertise with clients and candidates in
media and professional events. And Antal Russia Labour
Market Overview and Salary Survey is very popular both among
employers and candidates. The results provide valuable infor�
mation for employers, employees and jobseekers alike, helping
them understand the current situation on the labour market and
keep in touch with current trends.
In June 2017 Antal Russia was reacquired by Antal International
Group. Now Antal is a part of the impressively big recruiting fam�
ily represented in more than 145 offices in 35 countries.
Expertise and network of almost thousand recruiters around the
world now is working for Antals' clients benefit.
CCeelleebbrraattiinngg 1100tthh AAnnnniivveerrssaarryy ooff BBRRPP CCaann��
AAmm SSppyyddeerr iinn aa SSppeecciiaall WWaayy
Magic historical moments: to celebrate the
10th Anniversary of Can�Am Spyder vehi�
cles, a group of Russian riders decided to
take an epic and unprecedented trip. They
wanted to cross the whole Russia and
Europe on 3�wheeled vehicles, from Pacific Ocean (Russia Far
East) to Atlantic Ocean (Portugal). They wanted to prove the
good enough roads are existing in Russia between the Far East
and Ural mountains.
At the very same time, two enthusiasts were dreaming of cross�
ing Russia from South to North only going off�road on Can�Am
ATV and hitting 6 different seas: Caspian Sea, Black Sea, Azov,
Baltic Sea, White Sea, and Barents Sea.
The dream came true in May and June 2017: the team on three
CanAm Spyders made it from Vladivostok to Cape Roca in
Portugal and back to Saint Petersburg, total 23,000 km driven.
While the Offroad team on two vehicles 6x6 made it from
Dagestan at Caspian Sea up to Barents Sea riding a total of
9,000 km and collecting a sample of sand or small rocks from
every sea visited.
OOrriioonn GGrroouupp KKZZ
Established in 1987, Orion
Group is a world leading per�
sonnel services provider with
57 offices, 36 Countries, 6 con�
tinents, 24/7 coverage.
The Group has a proud history,
providing high�end contingent
& permanent managed person�
nel services and worldwide mobility support to the international
Oil & Gas, Construction & Infrastructure, Mining, IT, Finance,
Commercial, Renewable Energy, Nuclear, Power, Marine, Rail
and other industries.
Services provided to clients across Kazakhstan include: local &
expatriate manpower & recruitment solutions, payroll services,
commissioning support services, work permits & visas, meet &
greet and other project support services. For more information
about who we are please visit: www.orionjobs.com
You are also invited to contact us or visit our office:
Block 6, 31, Abylkhair Khan Avenue, Atyrau, 060011,
Kazakhstan, Tel. +77122309006, e�mail: cv�[email protected]
SSkkyyPPoowweerr
With roots dating back
more than 14 years,
SkyPower's global team
possesses a vast track
record of over 1000
years of combined experience in power and large infrastructure
projects.
The experienced and accomplished SkyPower team has built,
assembled and acquired an extensive pipeline of over 25 GW
worldwide � some of which were recently announced in bilater�
al agreements, and other contract awards, to be built in the
Middle East, Africa and South Asia over the next five years.
SkyPower's over 30 utility�scale solar Power Purchase Agree�
ments (PPA) and Contracts in aggregate represent billions of
dollars worth of long�term renewable energy sales to leading
utilities and governments around the world.
www.skypower.com
SSoobbiirroovvss LLaaww FFiirrmm � Canadian Bu�
siness Immigration Lawyers is a team
of multilingual professionals dedicated
to ensuring every client's success. We
are known best for our consistent
quality, flexible fees and innovative
thinking to find solutions to various
legal matters our clients face. Our
team is able to respond promptly to
the most challenging situations and we take pride in being quick
to act in the best interests of our clients. The firm is based in
Toronto, Canada and provides legal services related to
Canadian immigration and doing business in Canada. More
information about the law firm can be found at
www.sobirovs.com
Our mailing address is:
Sobirovs Law Firm, 3817 Bloor Street West, Toronto,
Ontario M9B1K7, Canada
NNeeww MMaannaaggiinngg DDiirreeccttoorr aatt AABB
SSeerrvviicceess
Alinga Consulting Group is plea�
sed to announce the appoint�
ment of Alex Medlock as Ma�
naging Director of AB Services �
An Alinga Group Company. Alex
has over 20 years of work experience in Russia and the CIS,
and is a highly respected executive within the Russian and
international business community.
Dan Hill commenting on the appointment: "After 6 years of serv�
ing as the Managing Director of AB Services I have decided to
step back from managing the day to day operations. With the
appointment of Alex I am confident that AB Services will maintain
its reputation for first class service delivery to our clients and con�
tinue its successful development on the Russian market." Dan will
remain as the majority shareholder and will be on hand to ensure
a smooth transition and to support Alex in building the business.
Chet Bowling added "I have known Alex for a long time and look
forward to working with him to provide our Clients with a broad�
er service offering." AB Services is located in the same offices
as Alinga making it a one�stop�shop for Clients.
Alex commenting on his appointment: "I was delighted to
accept the invitation to join AB Services. I have known Dan for
many years and know the great reputation he has built with all
stakeholders of the business. I am excited about the next stage
of development for AB Services and look forward to continue
the success story."
Note: AB Services is a provider of recruitment services; execu�
tive search and related consulting services in the Russian mar�
ket. It operates cross sector and works mainly with internation�
ally owned Russian businesses. AB Services is a member of the
Alinga Group of companies.
BBiioo ooff AAlleexx MMeeddlloocckk,, MMaannaaggiinngg DDiirreeccttoorr,, AABB SSeerrvviicceess
Alex has been doing business in Russia and CIS for over 20
years. Since 2010 he has been based in Moscow.
Prior to joining AB Services Alex worked for TMF Group as Sub
Regional Director, CIS; Nordics and BII. During his time there he
was responsible for building one of the leading providers of
accounting; tax; payroll; HR and legal services in Russia and
CIS. With his experience and leadership skills he built a highly
engaged team with a strong client focus.
During his career Alex has held a wide variety of senior posi�
tions in professional services and investment banking. As well
as Moscow he has worked in London and Vienna. He started
his career in audit with KPMG and qualified as a Chartered
Accountant.
AAnnttaall RRuussssiiaa hhaass wwoonn aa BBrraanndd BBuuiillddeerr ooff
tthhee yyeeaarr aawwaarrdd
In the end of 2017 Antal Russia has won a
Brand Builder of the year award from Antal
International. This award confirms the sta�
tus of Antal Russia as one of the strongest
and brightest brands of the Antal Interna�
tional among more than 35 countries of the world where Group
is represented.
MMEEMMBBEERR NNEEWWSS
In the middle: Luc Jones, Partner, Commercial Director, Antal Russia
6 seas � all the mountains are not enough
A hand�crafted wooden mascot made the complete journey too
6 seas � tired but happy reaching Barents Sea
Beauty of Nature � Baikal Lake
8 / 2018 Volume I
ASSOCIATION NEWS ASSOCIATION NEWS
LLoorrdd BBaarrkkeerr,, CChhaaiirrmmaann,, ccoommmmeenntteedd:: "En+ Group is at the fore�
front of a new industrial revolution, helping lead the global drive
towards a low carbon economy. A unique world class compa�
ny, it combines aluminum production and hydro generation on
a scale unmatched anywhere else in the world. This places En+
Group at the vanguard of green industrial innovation, as it trans�
forms its huge clean energy resources to green metal and sup�
plies it to fast�growing international markets. It is a very exciting
time to be joining the Company."
IInn NNoovveemmbbeerr 22001177 The Group successfully completed its initial
public offering of global depository receipts at the London Stock
Exchange and the Moscow Exchange. The offer price has been
set at USD 14 per share. Within the IPO the Group raised USD
1,500 million, thus making it the biggest IPO of 2017 in the met�
als and mining industry. In line with pre�IPO commitments, the
proceeds of the offering have been spent on deleveraging: in
shortly after the listing, ahead of schedule the Group repaid in
full its VTB loan totaling USD 942 million.
IInn DDeecceemmbbeerr 22001177 The Group reported its 3Q and 9M 2017
financial and operational results. The Company delivered dou�
ble�digit growth of key financial metrics in 9M: revenue
increased by 21% y�o�y to USD 8,716 million, Adjusted EBITDA
of the En+ Group grew by 43% y�o�y to USD 2,316 million; the
Group's net profit increased by 60% y�o�y to USD 898 million.
MMaaxxiimm SSookkoovv,, CCEEOO ooff EEnn++ GGrroouupp,, ccoomm��
mmeenntteedd:: "En+ Group has demonstrated
strong financial and operating performance.
This growth was driven by positive trends in
the global aluminum markets, our continued
focus on production efficiency and support�
ive developments in the Russian electricity
market".
GGlloobbaall PPeerrffoorrmmaannccee IImmpprroovvee��
mmeenntt IInncc.. ((GGPPII)) signed a new
contract to improve the effi�
ciency of the "Technical Limit"
with the OJSC Slavneft�Me�
gionneftegaz.
Through the implementation of the new project, Slavneft�
Megionneftegaz intends to increase the efficiency of well drilling
processes, i.e. to shorten the construction time of wells by 30%
of the 2017 target indicators. Trust shown by the management
of the company Slavneft�Megionneftegaz and PJSC Gazprom
Neft of GPI, is the statement of
confidence in reliability and
quality of services. Such an
ambitious result is planned to
be achieved by changing the culture and behavior of people. To
change the existing production culture within the "Technical
Limit" project and improve interaction between rigs and office,
the following activities are planned:
o Conducting "Ideal Well" sessions, "Lessons learned" with ele�
ments of brainstorming to find quick wins
o Conducting workshops on the application of the "Technical
Limit" tools for office workers and field specialists with a view to
developing managerial skills
o Group and individual coaching with key specialists, individual
development plans, 360 assessment for the development of
leadership skills
o Conducting training for supervisors, contractors, specialists in
the drilling and oilfield services office, including a Guide for the
Development of Management and Leadership Skills
o Developing of KPIs and responsibility matrixes for divisions
o Maintaining working groups for quality and more effective
decision�making
o "Drilling on paper", risks, block diagrams of operations, audits,
etc. for quality planning.
GGoowwlliinngg WWLLGG aaddvviisseess oonn hhiissttoorriicc RRoossaattoomm EEll DDaabbaaaa nnuucclleeaarr
ppoowweerr pprroojjeecctt
Gowling WLG acted for
Rosatom State Corpo�
ration and its subsidia�
ries in successfully ne�
gotiating the largest new�build nuclear power construction proj�
ects in the world: the El Dabaa project in Egypt, worth more than
US$30 billion.
The project was officially announced in December 2017 at a
ceremony attended by Egyptian President Abdel Fattah el�Sisi
and Russian Federation President Vladimir Putin.
"El Dabaa is truly a monumental project for Rosatom, the
Republic of Egypt, and for the global nuclear industry as a
whole," said Ahab Abdel�Aziz, Gowling WLG partner, global
director of nuclear power generation and Rosatom project direc�
tor. "It marks the first nuclear power project in a 'new entrant'
economy since the UAE's Barakah nuclear power plant in 2009,
and entails the most significant vendor financing of its kind at
US$25 billion."
The El Dabaa project involves the construction of a 4,800MW
nuclear power station comprising four 1,200MW nuclear reac�
tors � along with nuclear fuel, spent fuel, and operations and
maintenance related goods and services.
Gowling WLG's Nuclear Energy Group has played a key role in
the transaction since November 2015, including negotiating the
Engineering, Procurement and Construction (EPC), Operations
Both teams visited BRP dealers on their way and met in
Moscow on June 1, 2017. An online tracking tool was devel�
oped to track the teams' journey.
BRP history is made of such magic stories.
DDeeeerree && CCoommppaannyy ccoommppllee��
tteess aaccqquuiissiittiioonn ooff tthhee WWiirrttggeenn
GGrroouupp
MOLINE, Illinois (December
1, 2017) � Deere & Company
(NYSE: DE) has completed
its acquisition of the Wirtgen
Group, the leading manufac�
turer worldwide of road con�
struction equipment. In June,
Deere announced a definitive agreement to purchase the inter�
national privately�held company.
"The Wirtgen Group will enhance the size, scale and stature of
our construction equipment business and will help Deere con�
tinue its global growth," said Samuel R. Allen, Deere & Company
chairman and chief executive officer.
The Wirtgen Group has a global footprint with approximately
8,200 employees and sells products in more than 100 countries
through a large network of company�owned and independent
dealers. Wirtgen's product portfolio is complementary to Deere's
existing construction equipment offering and establishes Deere
as the industry leader in global road construction. The Wirtgen
Group has premium brands across the entire road construction
sector spanning milling, processing, mixing, paving, compaction
and rehabilitation.
Allen said the acquisition aligns with Deere's long�term strategy
to expand in both agriculture and construction � the company's
two global growth businesses.
Deere & Company (www.JohnDeere.com) is a world leader in
providing advanced products and services and is committed to
the success of customers whose work is linked to the land �
those who cultivate, harvest, transform, enrich and build upon
the land to meet the world's dramatically increasing need for
food, fuel, shelter and infrastructure. Since 1837, John Deere
has delivered innovative products of superior quality built on a
tradition of integrity.
DDeennttoonnss iinn KKaazzaakkhhssttaann iiss
rreeccooggnniizzeedd bbyy CChhaammbbeerrss
AAssiiaa��PPaacciiffiicc 22001188
Dentons in Kazakhstan maintains its strong top tier practice
rankings in the Chambers Asia�Pacific 2018 guide. In particular,
our office became the only law firm in Kazakhstan to receive
three Band 1 rankings.
In total, Dentons was granted 32 practice and sector rankings,
six of which were Band 1. Moreover, 48 of Dentons' lawyers
have been recognized in the guide as leaders in their field
(including Azerbaijan, Uzbekistan, China, Singapore and Papua
New Guinea.) We are pleased to announce that AAiiggoouull
KKeennjjeebbaayyeevvaa was included for the first time as an Eminent prac�
titioner in Dispute Resolution in Kazakhstan. As well as acting on
domestic disputes, sources report that Aigoul is also "well
respected and very good in arbitration."
In Dispute Resolution Chambers Asia�Pacific also recognized
the work of KKaannaatt SSkkaakkoovv noting that "his experience and knowl�
edge really stand out."
Furthermore, Chambers Asia�Pacific highly recognized the work
of AAbbaaii SShhaaiikkeennoovv in Corporate and Banking practice describ�
ing him as "a leading banking and finance lawyer praised for his
commercial insight."
Chambers Asia�Pacific covers 41 jurisdictions, from the Central
Asian region to Japan, from Mongolia to the South Pacific. The
guide covers the most internationally important areas of law,
such as Arbitration, Capital Markets and Corporate/M&A.
AAbboouutt DDeennttoonnss
Dentons is the world's largest law firm, delivering quality and
value to clients around the globe. Dentons is a leader on the
Acritas Global Elite Brand Index, a BTI Client Service 30 Award
winner and recognized by prominent business and legal publi�
cations for its innovations in client service, including founding
Nextlaw Labs and the Nextlaw Global Referral Network.
Dentons' polycentric approach and world�class talent challenge
the status quo to advance client interests in the communities in
which we live and work.
www.dentons.com
NNeewwss ffrroomm EEnn++ GGrroouupp::
En+ Group is a leading vertically inte�
grated aluminum and power producer.
The Company combines power plants
with a total installed capacity of 19.7
GW (including 15.1 GW of hydro power assets), and 3.9 mtpa
of annual aluminum production capacity (the Group is the
world's largest aluminum producer outside of China).
OOnn DDeecceemmbbeerr,, 2200 22001177 En+ Group distributed its first dividend
payments as a public company. The total dividend payout
amounted to approximately USD 125 million. The total dividend
payment for 2017 amounted to USD 326 million.
In 2017 En+ Group appointed Vladislav Solovyev, Chief
Executive and Chairman of the Management Board of UC
RUSAL, and Dominique Fraisse, Head of Global Energy and
Commodities at Natixis, to its Board of Directors. Lord Barker
has become an Independent Chairman, thus the Board cur�
rently consist of 12 Directors, three of whom � Lord Barker,
Philippe Mailfait and Dominique Fraisse � are independent. The
Company intends to further increase the number of Directors on
the Board to 13, six of whom will not have been appointed by
the Group's majority shareholder.
Russian expeditions riders meet in Moscow Milos Laznicka, BRP'sRegional General Manager Eastern Europe, CIS & Russia.
En+ Group going public at London Stock Exchange
2018 Volume I / 9
10 / 2018 Volume I 2018 Volume I / 11
NEW FACES
Support and Maintenance (OS&M), Nuclear Fuel Supply (NFS),
and Spent Nuclear Fuel (SNFT) contracts. Gowling WLG's team
also provided strategic advice on risk management, project deliv�
ery, regulatory and licensing requirements, and nuclear liability.
In addition to Abdel�Aziz, Gowling WLG's Canada�based
Rosatom team included Ted Betts, Paul Harricks, Ian Palm, Paul
Murphy, Paul Armitage, Aubrey Lasky and Magda Hanebach.
JJOONNEESS && CCOO..
Jones & Co., a law firm specializing in
international distribution, franchising and
intellectual property in Russia, Eurasia
and Southeast Asia, is pleased to
announce that its longstanding member
and trusted colleague, Xin (Leo) Xu, has
been called to the Ontario Bar in January
2018. Leo Xu is a Chinese and Canadian lawyer who has devel�
oped an extensive China practice and regularly assists clients
looking to enter China market and protect their intellectual prop�
erty. Leo has passed the National Bar Examination of the
People's Republic of China and holds an LL.B and LL.M. in
Private International Law from the Southwest University of
Political Science and Law and two LL.M. degrees from
Osgoode Hall Law School, York University (Canada).
Leo's recent experience includes advising U.S.�based franchise
systems on their expansion to China, managing Asia�wide efforts
to combat trademark and industrial designs infringement for a
U.S.�based manufacturer of aftermarket auto parts, and advising
a European manufacturer of external gear pumps and motors in
relation to a product liability dispute with the Chinese distributor.
Leo Xu has been working with Paul Jones, the founder of the
firm, since 2009. Jones & Co. has recently significantly strength�
ened its Russia and Eurasia practice with addition of Katya
Logunov (Stepanishcheva), an experienced Russian lawyer who
is also qualified as a lawyer in Ontario. Pau Jones and Katya
Logunov congratulate Leo on this achievement and wish him
every success in the next stage of his career.
"From January 1, the branch of
OSG Records Management in
Astana has started its work. The
archive store in the capital is
located in the city, which allows
OSG to quickly fulfill the customer's requests. Presence of archive
storages in the largest cities of Kazakhstan Almaty and Astana
allows OSG to quickly meet customer needs in the field of:
• off�site storage of documents;
• off�site storage of magnetic users;
• confidential destruction
• archival processing
• scan
• creation of electronic archive".
MMccGGiillll UUnniivveerrssiittyy
School of Continuing Studies
Launches Data Science Pro�
grams.
Driving strategic business decisions using data insights has
become increasingly important in a globalized marketplace.
Yet, less than 0.5 percent of all data is currently analyzed and
used according to the International Data Corporation (IDC).
Processing data and information faster allows companies to
make faster and better
decisions and gives them
a competitive advantage.
However, less than 25%
of organizations feel that
their data and analytics
maturity has reached the
level where it has actually
optimized business out�
comes. According to Datafloq, in Russia, only 10% of the com�
panies began to work with big data technologies (the global
number is 30%).
There's never been a more exciting time learn about data sci�
ence and machine learning: IBM is predicting an increase of
28% in demand for data scientists by 2020.
Following a comprehensive consultation process with the
Program Advisory Group, which included industry professionals
from DeepMind, City of Montreal, Stradigi, Shopify, Ubisoft,
Radio�Canada, Gildan, Couche�Tard among others, McGill's
School of Continuing Studies launched two new intensive
Professional Development Certificate Programs designed to
meet the needs of companies and organizations in a wide�range
of industries, from insurance to healthcare:
The Professional Development Certificate in Data Science and
Machine Learning is designed to equip professionals with an
engineering or science backgrounds with essential data sci�
ence and machine learning skills required to manage, manipu�
late, analyze and extract value from data.
The Professional Development Certificate in Data Analytics for
Business was created to help business leaders and managers
develop the analytical mindset required to turn insights ob�
tained from data analysis into actionable business decisions
and strategies.
"As machine learning continues to become more present in our
everyday lives, it's important that the next generation of busi�
ness and technical leaders are equipped with the necessary
skills to take advantage of the possibilities that this new tech�
nology brings. I look forward to sharing my own insight and
knowledge on the topic, and hope that graduates of this course
will go on to apply their learnings for positive impact," states
Shibl Mourad, the Canada engineering lead at DeepMind.
Even if you do not plan to become a data scientist, it is advan�
tageous to have a foundational knowledge of data science
processes when working in interdisciplinary teams in any field.
The two programs share the final capstone project course that
creates an opportunity for collaboration between students in the
two programs. Students will have the opportunity to work on real
projects contributed by City of Montreal, Radio�Canada and
other organizations to help solve real�life challenges.
"We listen to our students, to our instructors and keep our finger
on the 'pulse' of industry needs. In creating these programs, we
worked with industry and academic experts to create very prac�
tical intensive programs that provide in�demand skills and can
be completed in one year," says Inna Popova�Roche, Director,
Non�Credit Programs, Career and Professional Development at
McGill's School of Continuing Studies.
For more information about McGill's Professional Development
programs, please contact:
Inna Popova�Roche, Director, Non�Credit Programs,
Career and Professional Development at
ASSOCIATION NEWS
TThhee ""TTeecchhnniiccaall lliimmiitt"" is a speed result that can
be achieved with the best planning, perfect
execution, by performers using the best tech�
nologies and safe organization of work for life
and environment. The main feature of the suc�
cessful implementation of tthhee ""TTeecchhnniiccaall LLiimmiitt""
project is the involvement of all construction
personnel, including contractors.
The activity on constant improvements in improving the efficien�
cy of companies and employees, improving the results, by max�
imizing the convergence of those who plan and those who per�
form the work, will be based on the "5P Continuous Impro�
vement Cycle", a GPI development consisting of 5 elements:
• Plan together
• Produce
• Perform measurement
• Prepare to understand
• Pick decision
My name is Tom Nevakshonoff and I
reside in the town of Poplarfield, Manitoba,
100 miles north of Winnipeg. For 17 years
up until the election in 2016, I was the MLA
for the Interlake and finished off my politi�
cal career as the Minister of Conservation
and Water Stewardship. Now I am the
Chairman of the newly formed CERBA
Chapter in Manitoba. On May 26th of last
year, we held our inaugural event in Win�
nipeg to announce our intention to form a
chapter of the association here in Manitoba to focus on, but not
exclusive to, the agricultural sector. High level dignitaries in atten�
dance included the ambassadors of the Russian Federation and
Kazakhstan as well as the charges d'affaires of Belarus. Our
guest speaker was the Right Honourable Ed Schreyer, former
premier of Manitoba and Governor General of Canada.
The formation of the CERBA chapter in Manitoba was neces�
sary as I believe that all of Canada will greatly benefit from the
development of business cooperation with Eurasian countries. I
believe that Canadian expertise, technology and equipment
can be in great demand in other parts of the world, especially in
the field of agriculture, but generally in all main industrial sectors
such as mining, energy, transportation, construction, forestry
and many others. Since Canadian business circles generally
tend to be a bit cautious and conservative, I believe that gentle
guidance and support is often needed to direct Canadian com�
panies to new regions and help them to explore new markets.
CERBA, in my view, is providing exactly that. The association
assists Canadian companies by providing a platform for the
exchange of experience and information, helps them to expand
the business contacts network, and explore available business
opportunities locally and abroad, which ultimately leads to forg�
ing new partnerships and entering new markets. That is why I
was happy to join CERBA as the head of the Manitoba Chapter,
and I hope in this new position I will be able to bring significant
benefits to local companies by assisting them in their interna�
tional development.
In the late summer of last year, I had the opportunity to travel to
Montreal to take part in the Annual General Meeting which gave
me the opportunity to meet personally with members of the
National Board and with our cadre of Regional Directors from
around the world. The meeting and becoming acquainted with
the CERBA staff and leadership reinforced me in my decision to
be a part of this community that is focused on making the inter�
national business environment more comfortable for companies
in all parts of the world.
At the same meeting, I had the occasion to renew my associa�
tion with Russian Ambassador Alexander Darchiev who issued
me a personal invitation to visit Russia in order to attend the
Golden Autumn � the main agricultural forum and trade show in
Russia for the past 18 years � held in the beginning of October.
The show was a remarkable opportunity for me to gauge the
extent of development in Russia overall as well as to get a good
regional perspective. I also had the opportunity to hear person�
ally what Agriculture Minister Tkachov viewed as the country's
priorities such as the improvement of the dairy sector and an
emphasis on improved quality of seeds for annual crops and
forage. While in Moscow, I also had a series of very productive
meetings with representatives of local CERBA member�compa�
nies, and a lunch with the members of CERBA Moscow Board.
NNEEWW FFAACCEESS
Tom Nevakshonoff,CERBA ManitobaChairman
From left: Lou Naumovski, CERBA National Chair 2013�2017,Consultant and International Business Advisor; Tom Nevakshonoff,CERBA Manitoba Chairman; Nathan Hunt, CERBA Moscow BoardChair; Paul Jones, Jones & C., Founder
From left: Nathan Hunt, CERBA Moscow Chapter Chair; Neil Withers,President, CFA Russia; Luc Jones, Partner, Commercial Director,Antal Russia; Redouane Mekideche, Counsellor and TradeCommissioner, Embassy of Canada in Moscow; Tom Nevakshonoff,CERBA Manitoba Chairman
MEET TOM
NEVAKSHONOFF,
CHAIR OF CERBA
CHAPTER IN MANITOBA
12 / 2018 Volume I
• The provision of management and technical services from a
head office location to mine locations;
• The marketing of finished and semi�finished products from
regional trading hubs; and
• Debt financing and guarantees.
AArreeaass ooff ffooccuuss ffoorr ttaaxx aauutthhoorriittiieess
In their audit activities, Canada's tax authorities focus on specif�
ic income tax, mining tax and transfer pricing issues.
From an income tax perspective, the tax authorities continue to
review costs incurred to determine if any are considered capital
in nature, including legal and professional fees, strategic advice
and investor relations costs. Costs considered capital in nature
are not deductible immediately, and may not be deductible in
the future unless specific conditions are met. In general, costs
incurred for equity or debt issuances that do not proceed are
also not deductible. In instances where capital costs are
incurred and no specific asset is acquired, it may be possible to
qualify for eligible capital expenditure treatment.
Further, the tax authorities often focus on whether costs are
directly related to mining activities to determine deductibility for
mining tax purposes. For example, the authorities commonly
assert that permanent camp costs, as well as all costs associ�
ated with Impact Benefit Agreements ("IBA"), are not directly
related to mining activities, and therefore are not deductible.
For audits that examine transfer pricing issues, the tax authori�
ties focus on the proper application of the arm's�length principle
that goes beyond just the pricing of intercompany transactions.
For example, the tax authorities will often consider the contrac�
tual allocation of risk in a manner consistent with the BEPS (The
Base Erosion and Profit Shifting ("BEPS") project refers to
actions set out by the Organization for Economic Co�Operation
and Development ("OECD") addressing tax avoidance and
ensuring that profits are taxed where economic activities gener�
ating the profits are performed and where value is created.)
project, the allocation of profit along the supply chain and its
conformity with the value of contributions made, and the nature
and the terms of capital structures.
*****
Authors:
MMaarriiaa CChheerrkkaassoovvaa,, CCPPAA,, CCAA,, MMTTaaxx
Senior Manager, Tax � Global Transfer Pricing Services
P 647�777�5302
F 416�777�8818
LLiissaa MM.. SSoommeerrss,, CCPPAA,, CCAA
Partner, Tax
T +1 416 777 8543
F +1 416 777 3311
M +1 416 726 4227
JJeennnniiffeerr SShhuullmmaann,, PPhhDD
Partner, KPMG Canada
Tax, Global Transfer Pricing Services
P +1 416�777�3265
C +1 647�964�5335
MAIN STORIES
2018 Volume I / 13
The people I met were happy to share their experiences of
doing business in Russia, and their views on the opportunities
for Canadian companies on the Russian market.
Following my visit to Moscow, I toured down into the Kuban
region of southern Russia. Specifically, I paid a visit to the city of
Krasnodar and met with local officials there. While there, I had
the opportunity to visit a dairy operation and was quite
impressed with the entrepreneurial spirit and the quality of local
industry. It proved to me there is much to work with and ample
room for international cooperation. While in the south, I also took
the opportunity to once again visit Sochi where I did a language
immersion program many years ago. The extraordinary devel�
opment of this region based around the 2014 Olympics truly is
a testament to the drive of the Russian people and a huge eco�
nomic potential that Russia has.
I have now returned to Canada a much wiser man with the con�
fidence that the CERBA team both in and outside of Canada
functions at the highest professional level. In these difficult times
when governments are falling short in offering services to busi�
ness, associations such as CERBA, soon to be re�named the
Canada Eurasia Chamber of Commerce, are willing and able to
step in to provide the necessary assistance. I feel confident
going forward that the geopolitical situation will ultimately
improve and that our association will then be uniquely positioned
to play an even more critical role in the better days to come.
Thank you for your support of our association. I am looking for�
ward to personally meeting everyone of you eventually at
CERBA events in Canada and abroad.
Tom Nevakshonoff
Chair, CERBA Manitoba
For more than a decade, mining has been one of Canada's
fastest growing sectors. Because the mining industry is vital to
the country's economic well being, Canadian federal and
provincial tax regimes offer several mining�specific tax incen�
tives to encourage investment in the capital intensive and high�
risk mining industry.
In this article, we provide a high level summary of the main fea�
tures of the direct tax regimes that apply to mining companies
operating in Canada from a fixed place of business. We also
outline some areas that the tax authorities often focus on in con�
ducting their audits.
DDiirreecctt ttaaxxeess aapppplliieedd ttoo ccoommppaanniieess ooppeerraattiinngg iinn CCaannaaddaa::
Companies operating in Canada are generally subject to income
taxes levied by both the federal and provincial governments.
Residency is the general basis for income taxation in Canada.
Residents of Canada are taxed on their worldwide income,
including sources inside and outside Canada. Companies
incorporated in Canada are resident in Canada regardless of
the residency or nationality of their shareholders. Further, non�
residents of Canada are subject to tax on business income
earned in Canada from a fixed place of business.
Companies are also subject to provincial income taxes. Where a
company carries on a business in two or more provinces, there
is a formula to allocate the income between those provinces. The
federal and provincial income taxes are levied at a combined
effective rate ranging from 25% to 31%, depending on the
province(s) where business is carried on.
MMiinniinngg��ssppeecciiffiicc ttaaxx pprroovviissiioonnss
In addition to these income taxes, all provinces impose mining
taxes and/or mining royalties or mineral land taxes on mining
operations within their jurisdiction. This level of taxation, sepa�
rate and distinct from federal and provincial income taxes, is
intended to compensate the province for the extraction of non�
renewable resources that it owns. In computing income for
income tax purposes, mining royalties paid to provincial gov�
ernments are treated as a deductible expense and are applied
on profits derived from the operations at the mining stage only.
Canada's mining tax regimes also provide for the special treat�
ment of different stages of mining activities, including deduc�
tions, allowances and credits. Companies may claim this treat�
ment against the mining operation's income in the year of
expenditure or, sometimes, in a prior or subsequent year. These
deductions, allowances and credits are intended to create and
maintain a favorable environment for investment in the mineral
resource sector.
Because different rules may apply to different forms of organi�
zation, it is important to consider the applicable tax treatment
before deciding what type of structure to use for investment in
a mining project (The different forms of investment in Canada
are discussed in greater detail in KPMG's publication "A Guide
to Canadian Mining Taxation").
TTrraannssffeerr pprriicciinngg
Transfer pricing refers to the process of setting prices for inter�
national cross�border transactions within a multinational group.
Most countries, including Canada, have federal rules in place to
prevent the erosion of the country's tax base through inappro�
priate transfer pricing.
• Many common cross�border intra�group transactions in the
mining industry are subject to transfer pricing rules, including:
• The sale of ore or concentrates from an extraction location to
a refining location;
• Metal streaming arrangements;
EXPERT'S CORNER
EEXXPPEERRTT''SS CCOORRNNEERR
From left: Sergey Strokov, Counselor, Embassy of the RussianFederation in Canada; Tom Nevakshonoff, CERBA ManitobaChairman, Alex Grichine, Regional Director, CERBA Moscow Chapter, attending the Agroforum at the Golden Autumn 2018
TAXATION OF MINING
COMPANIES OPERATING
IN CANADA
CERBA DELEGATION ATEASTERN ECONOMIC FORUMIN VLADIVOSTOK
MMAAIINN SSTTOORRIIEESS
SSEEPPTTEEMMBBEERR 66��77,, 22001177
For the first time, a Canadian delegation attended the Eastern
Economic Forum on September 6�7, 2017 in Vladivostok. The
delegation, put together and accompanied by CERBA Van�
couver Regional Director Tatiana Domilovskaya, included Na�
than Hunt, CERBA Moscow Board Chairman and Head of the
delegation, Stanislav Borodyuk (KINROSS Gold), Dr. Stephen
Ramsey (Grey Owl Engineering), Edwin Gong and Andrei
Makovetski (ME Elecmetal), Randolph Lewis (Amur Minerals),
Olex Ingerov and Murat Urakov (Phoenix Geophysics) and Oleg
Tchoubarov (Sea Green Enterprises).
The Forum took place at the Far East Federal University cam�
pus located on Russian Island.
The Canadian group participated in the Round Table "Canada�
Russia Business Dialogue", organized jointly by CERBA andTrade Show pavilions
14 / 2018 Volume I 2018 Volume I / 15
MAIN STORIES MAIN STORIES
ROSSCONGRESS Foundation with the strong support of the
Russian Embassy and the Trade Mission in Ottawa. The Russian
side was represented by the government and business stake�
holders such as the Minister of Natural resources of the Republic
of Sakha�Yakutia, Sakhamin Afanasiev, the Head of the Russian
Federal Investment Agency, Maxim Sherenkin, the Far East
Investment Agency, and officials of the Far East regional go�
vernments.
The discussion touched upon important points of Canada�
Russia business cooperation in of the mineral resources sector,
logistics, fisheries and oceans, corporate social responsibility
programs, and the support and development of the indigenous
population.
Nathan Hunt, CERBA Moscow Chapter Chair
Sakhamin Afanasiev, Minister of Natural Resources,Republic Sakha�Yakutia
Andrei Makovetski, ME Elecmetal
Ksenia Solovyeva (ROSSCONGRESS) and Oleg Tchoubarov (SeaGreen Enterprises)
Olex Ingerov, Phoneix Geophysics
From left: Stephen Ramsey (Grey Owl Engineering), Stanislav Borodyuk (KINROSS Gold Corp.) and Sakhamin Afanasiev (Government of Sakha�Yakutia)
EEF Round Table
16 / 2018 Volume I
On September 20, Uzbekistan � US Business Forum was held in
New York within the framework of the visit of the President of the
Republic of Uzbekistan, Shavkat Mirziyoyev, to the United
States. The event was organized by the State Committee of the
Republic of Uzbekistan on Investments together with the Ame�
rican�Uzbekistan Chamber of Commerce (AUCC). CERBA be�
came an official information sponsor of the event and brought a
delegation of over 10 Canadian businessmen there representing
alternative energy and IT industries, the legal profession, HR and
finance consulting. Members of CERBA such as Skypower,
Sobirovs Law Firm and Syrion Corp. participated in the forum.
The delegation from Uzbekistan included Deputy Prime Minister
Zoir Mirzaev, Minister of Agriculture and Water Resources, Elyor
Ganiev, Minister for Foreign Trade, Alisher Sultanov, Chairman of
Uzbek Oil and Gas Holding Company, Abdukhashim Abdullaev,
Chairman of Uzbek Chemical Industry Company, Ulugbek
Mustafoev, Chairman of Uzbekenergo, Shukhrat Vafaev, Deputy
Chairman of the Uzbek Fund for Reconstruction and Develop�
ment, Sherzod Shermatov, Minister, Development of Information
Technology and Communications. The event was attended by
more than 100 executives of leading US companies such as
General Electric, Honeywell, ExxonMobil, CNH Industrial, John
Deere and others.
During the panel discussions of the forum, a lively discussion
was held on issues of strengthening bilateral economic cooper�
ation, creating a favorable investment climate in the Republic of
Uzbekistan, as well as implementing joint projects and programs
in the field of industry, development of infrastructure, tourism, sci�
ence and education.
President Mirziyoyev highlighted his vision of the transformation
that he is driving forward to attract more foreign investment.
Aggressive economic reforms are underway including hard cur�
rency liberalization, changes in licensing, tax reform and SME
cluster development. With all of the changes to attract and facil�
itate foreign investment, Uzbekistan is becoming a more attrac�
tive business destination in Central Asia. The draft agreements
in the form of MOUs and Letters of Intent between the Uzbek
and US companies (and one announced Canadian company)
amounted to about 2.6 billion dollars.
MAIN STORIES
2018 Volume I / 17
The highlight of the Round Table was the inspiring speech of the
Vice President of KINROSS Gold Corporation, Stanislav Boro�
dyuk, who acknowledged the importance of a continuous dia�
logue between the two countries, especially at such a high level
event as the Eastern Economic Forum.
The Forum included a great number of events and open busi�
ness�to�business and government�to�business discussions
devoted to the various issues of the Far East development. The
Forum was an eye opener for Canadian companies on existing
opportunities in the many industrial sectors such as aerospace,
metals and minerals, logistics and agriculture. The main event of
the Forum was the Plenary session where top government offi�
cials of Russia, South Korea, Mongolia and Japan discussed
important issues such as the geopolitical landscape and the
economic development of the region.
The Eastern Economic Forum has proven itself to be an excellent
venue for the establishment of important business connections.
CERBA was able to make contacts with the Agency, the Russian
Federal Agency for Innovative Development, the Government of
Chukotka, the Honorary Consul of Canada to Vladivostok Her
Excellency Tatiana Demenok, the General Director of Aurora
Airline, Konstantin Sukhorebrik, and many others.
This first mission to
the Eastern Economic
Forum was a success
and proves the impor�
tance of this event for
Canada in general
and in particular for
the West Coast given
its relative close prox�
imity to the Russian
Far East Region.
MAIN STORIES
From left: Stanislav Borodyuk (KINROSS Gold Corp.) and StephenRamsay (Grey Owl Engineering)
Tatiana Domilovskaya, Regional Director, CERBA Vancouver Chapter,with Konstantin Sukhorebrik, General Director, Aurora Airlines
At the interview with Russia Today
Honorary Counsel of Canada in Vladivostok, H.E. Tatiana Demenok
CERBA DELEGATION AT THEUSA�UZBEKISTAN BUSINESSFORUM WITH PRESIDENTMIRZIYOYEV SSEEPPTTEEMMBBEERR 2200,, 22001177
The Far East University Campus
18 / 2018 Volume I
In other words, the CERBA Eurasia Construction and Infras�
tructure Conference was geared toward supporting the initiatives
of construction companies looking to expand their businesses
into international markets and seek further cooperation, collabo�
ration, and networking opportunities.
As regards particular forms of infrastructure and construction in
Ontario and other provinces across Canada, urban development
practices were extensively defined by Michael Inch, Vice Pre�
sident of Procurement, Infrastructure Ontario; Steven Hobbs,
Director, Strategic Planning and Partnerships, the Canadian
Council for Public�Private Partnerships; as well as Alexander
Elgin, PM., Urb. Design, B.Arch. Urban Strategies.
One unique characteristic of Canada and its major metropolitan
centres like Toronto, was and still is that there is room for oppor�
tunity and growth. In the era of urbanization and globalization, the
main focus of presentations was to demonstrate the extent to
which current economic trends are aligned with construction and
infrastructure practices in order to support it.
On an international scale, Nurzhan Aitmakhanov, Economic
Counselor, the Embassy of Kazakhstan in Canada, Valery
Maximov Acting Senior Trade Commissioner, Trade Mission of
Russia in Canada, Victor Tarasov, Vice�President, CanRos
Group Inc., discussed cases across Eurasia. Taking into
account current socio�economic trends, construction and infra�
structure that supports global networks is expected to acceler�
ate. In order to be able to adapt to these trends, it is critical to
engage support at a global level , but embracing practices that
have succeeded at a local level.
The programs of the visiting Eurasian delegations were rich
with one�on�one contacts, site visits and information seminars.
CERBA was pleased to connect the vibrant Toronto/Ontario
construction/infrastructure sector with market opportunities in
Belarus, Kazakhstan and Russia and is looking forward to
seeing interested participants during the Construct Canada
2018.
MAIN STORIES
2018 Volume I / 19
November 28th, 2017 marked the CERBA Toronto Chapter's
12th Annual Eurasia Construction and Infrastructure Conference.
The Conference was held within the framework of Construct
Canada, the international part of the Buildings Show, Canada's
largest building and construction trade show.
In recognition of the importance of construction and infrastruc�
ture work to Canada and Eurasia, the main themes of the
event focused on urban development and re�development
opportunities, as well as state and market standards, by�laws,
and regulations.
Two panels of distinguished speakers made presentations
drawing from the experiences of Toronto and other Canadian
provinces, as well as international � examples in Kazakhstan,
Russia, and Belarus. The overall theme was to explore markets
and seek out conditions favourable to the implementation of pro�
gressive urban development strategies.
MAIN STORIES
12TH CERBA EURASIACONSTRUCTION ANDINFRASTRUCTURE FORUM 2017
Delegation from Belarus visiting the Toronto City Hall
NNOOVVEEMMBBEERR 2288 �� DDEECCEEMMBBEERR 11,, 22001177
20 / 2018 Volume I
The event opened with welcoming words from Mr. Alexander
Shokhin, the President of the Russian Union of Industrialists and
Entrepreneurs (RSPP) and the Co�founder of RCBC. Mr.
Shokhin emphasized that, despite the current geopolitical differ�
ences between Russia and the West, relations between Russia
and Canada remain stable and there is still hope for improve�
ment in the future, given that there are plenty of Canadian com�
panies still doing business in energy, transportation and other
sectors in Russia. Mr. Shokhin mentioned several Canadian
and Russian firms that are playing an active role in the rebuild�
ing of Russia�Canada business relations, such as Kinross Gold
and Metalloinvest, and he highlighted the important role that
business plays in improving the current situation. Mr. Shokhin
concluded his welcome address with the words, "we cannot wait
for politicians to take the lead," a comment that was followed by
a big round of applause.
During his welcome address, Andrey Varichev, General Director
of Managing Company Metalloinvest LLC and the official repre�
sentative of the Russian RCBC Co�chair , Alisher Usmanov, also
expressed the hope that Russian�Canadian relations will improve
over time. Mr. Varichev commented: "Barring the present difficult
period, it was not for nothing that diplomatic relations were found�
ed between Russia and Canada 75 years ago, and they are
stronger than any attempt to separate our two countries."
Gilles Breton, CERBA National Board Chairman and the Ca�
nadian Co�Chair of Russia Canada Business Council, reaffirmed
hope for the improvement of Canada�Russia commercial rela�
tions by reporting that, according to the official information pro�
vided by the Embassy of Canada, the number of businessmen
traveling to Russia in 2017 increased in comparison to previous
years, which can be seen as a positive sign. He also highlighted
that the Canadian economy at present is witnessing stable
growth, which strengthens the country's current commercial
position in the global market, making the Canadian market more
attractive to Russian business partners.
Mr. Breton admits that there are currently some issues with re�
gard to Canada�Russia trade agreements, but emphasized this
is not a unique situation as there are issues with regard to
Canadian trade agreements with China and Brexit as well.
According to Gilles, international trade in general is not enjoying
the best of times these days and problems are not just specific to
Russian�Canadian relations. However, Mr. Breton emphasized
that there are many new opportunities emerging in the Eurasian
market which we all should take into consideration.
Finally, a very close friend of CERBA, Vladislav Tretiak, Pre�
sident of the Society of Friends of Canada, President of the Ice
Hockey Federation of Russia and Member of the State Duma of
the Russian Federation, delivered a heartfelt speech about the
deep ties of friendship that unite Canada and Russia. "I am sure
that these ties are as strong today as they ever were, despite any
political tensions. One of these ties is hockey. Our young people
know about Canada through hockey, and as President of the Ice
Hockey Federation, I can say that we have good relations with
Canada on all fronts. We are trying to do everything we can to
ensure that cooperation grows between our countries."
Opening remarks were then followed by the Keynote presenta�
tion: "Perspectives on Canada�Russia Business Relations since
the 1980s: Where Do We Go From Here?", delivered by Lou
Naumovski, CERBA National Chair 2013�2017, and currently
Consultant and International Business Advisor.
Lou described some of the highlights of his extraordinary career
which started with his work in the Canadian Embassy in
Moscow and has lasted over four decades. "In August of 1982,
I came to the Canadian Embassy here in Moscow as the Third
secretary. For me it was a realization of a life�long dream. …I
was designated to be the agricultural specialist at the Embassy.
MAIN STORIES
2018 Volume I / 21
On December 6, at the headquarters of RSPP in Moscow,
Russia, CERBA held its flagship event of the year � the Sym�
posium on Canada�Russia Commercial Relations. The event
was organized jointly by CERBA and the Russian Union of
Industrialists & Entrepreneurs (RSPP) in the framework of activ�
ities of the Russia Canada Business Council (RCBC), com�
memorating 150 years of Canadian Confederation and 75 years
of Canada�Russia diplomatic relations. The event was devoted
to a critical examination of the evolution of commercial cooper�
ation between Canada and Russia to date and prospects for the
future. The event turned out to be the most significant confer�
ence organized by the Russia Canada Business Council in the
past five years.
MAIN STORIES
From left: Andrey Varichev, General Director, Managing Company Metalloinvest LLC; Vladislav Tretiak, President of the Society of Friends ofCanada, President of the Ice Hockey Federation of Russia, Member of the State Duma of the Russian Federation; Alexander Shokhin, Presidentof the Russian Union of Industrialists and Entrepreneurs (RSPP), Co�founder of Russia Canada Business Council (RCBC); Gilles Breton,Chairman of the CERBA National Board, Co�Chair of Russia Canada Business Council (RCBC); Nathan Hunt, CERBA Moscow Board Chair
Alexander Shokhin, President of the Russian Union of Industrialistsand Entrepreneurs (RSPP), Co�founder of Russia Canada BusinessCouncil (RCBC)
Gilles Breton, Chairman of the CERBA National Board, Co�Chair ofRussia Canada Business Council (RCBC).
Andrey Varichev, General Director, Managing CompanyMetalloinvest LLC.
RCBC SYMPOSIUM ONCANADA�RUSSIA COMMERCIALRELATIONS DDEECCEEMMBBEERR 66,, 22001177
22 / 2018 Volume I 2018 Volume I / 23
From 2007 to 2017, Lou's role in Kinross provided him with a
unique perspective of how a responsible Canadian investor in
Russia can have a huge impact on the local and national econ�
omy in a country as vast as Russia. Besides the capital invest�
ed in Russia, the additional investments in human capital, the
development of skills and the application of the best Canadian
practices in health and safety and innovative management tech�
niques in mining, Kinross has truly made a lasting impact in
Russia and helped to modify rules and regulations governing
mineral exploration and mine development that will lead to
increased investment in the sector. "It was a pleasure and priv�
ilege to work with my colleagues at Kinross to make such an
impact. I remain truly convinced that many other Canadian com�
panies still have the opportunity to make similar contributions to
Canada � Russia business relations in the future", said Lou.
Lou finished his speech by describing his activities in CERBA and
most recently as National Chairman of the Association until
September 2017. "In the current political crisis, CERBA was the
only organization in Canada and in Russia that recommended
restraint in relation to bilateral sanctions, and campaigned to pro�
tect matters of mutual interest, such as the Arctic Council. We
remain true to our central mandate which is to enhance and sup�
port trade, investment and good relations between the countries
of Canada, Eurasia and Russia. … It has been CERBA which has
continued with making contacts and supporting the exchange of
information between Canadian companies and agents of the
Russian government. The last session of the joint economic com�
mission was held in 2010. Since then relations deteriorated sig�
nificantly even before the events of 2014. And this is in spite of the
fact that Russia was included in a very short list of priority markets
by the [Canadian] Department of Foreign Affairs in 2012."
"Since 2015, we, of course, have had a change in the Federal
Government and at first we were very encouraged by the initial
indications that the new government wished to improve relations
with Russia. Partly due to changes in the cabinet since October
2015, this engagement was quite limited and restricted. The
position of sanctions and counter sanctions and the tendency of
many Canadian companies to self�sanction and to stay away
from the Russian market, hurt business confidence and encour�
aged many business people in both countries to question
whether they could or should do business with each other. My
answer to this question is � of course they should and of course
they should. We cannot give up…."
The keynote presentation by Lou Naumovski was followed by the
Q&A session. To a question about sanctions against Russia, Lou
said that while they have been positive for improvements in
Russian agriculture and food production, they clearly have not
had any political effect in influencing Russian foreign policy. As far
as Canadian businesses are concerned, Lou said that CERBA's
message is that you can do business here in spite of sanctions
and that companies must respect Canadian law and regulations,
but that overall "sanctions are not good for business."
In reply to a question about what we can learn from what hap�
pened from 1980 to 1990, Lou said: "I think as Canadians we
need to indulge in some introspection. Why is it that world class
companies from our country, companies that had global pres�
ence, that had dynamic senior executives, gave up so easily?
MAIN STORIES
In 1982, exports of grain from Canada to the USSR approached
nearly 9 million tons per year, but Canadians still did not per�
haps fully understand or show due regard to the country to
which they were exporting."
Mr. Naumovski gave a fascinating account of how Canadians
made the first inroads into the Soviet agricultural market. "In that
instance they were selling genetic materials which were sup�
posed to improve the quality of Soviet livestock. Some
Canadian companies achieved record sales in those years, and
it was interesting to note the difference in business culture. The
sellers were mostly representatives of individual farms or
Canadian cooperatives whereas the buyers were national for�
eign trading companies and large�scale State farms. The Soviet
Union was experiencing a significant decline in the cattle popu�
lation and in the amount and quality of dairy products being pro�
duced in the late 1970's and early 80's."
"Those of us who live in Russia now are well aware of the real
advances in Russian agriculture since 1991, and this is in stark
contrast to the difficulties experienced earlier. Most recently, this
boom in agricultural and food production we are currently wit�
nessing is partly spurred on by sanctions against food imports
from Europe and North America, and also because of the advent
of private farming in Russia and increased efficiency overall.
With some sense of satisfaction for assisting increased
Canadian agricultural and farm implement exports to the USSR,
I left Russia in 1984. Still, I must also acknowledge a degree of
regret that most Canadian business people were not prepared to
make return visits to the USSR, to get to know their customers
better and understand the Soviet trading system. Moreover, I,
too, was of the view in August of 1984 that the Soviet system was
unlikely to change in my lifetime. How wrong I proved to be!"
After two years working at the Consulate General in Atlanta as
Consul and Trade Commissioner, Lou left and was sent to
Baghdad during the height of the Iran�Iraq war. "Whilst sitting in
Baghdad in 1987, I read with great interest about Mr. Gorbachev's
decision to allow cooperatives to start up. I decided to return to
Ottawa in 1988 to be immersed once again in Soviet affairs. The
two years I spent there were really quite interesting. I was on the
front lines as Deputy Director for Trade and Investment for the
USSR and Eastern Europe and dealt with the explosion of public
and business interest in Canada and what was happening in the
Soviet Union under General Secretary Gorbachev."
"In 1989 the largest Canadian trade mission ever was organized
by the government � 250 people led by then Prime Minister Brian
Mulroney came to Russia in November 1989 to meet General
Secretary Gorbachev." Lou described the creation of the Ca�
nada�USSR Business Council, which he headed for two years,
and which attracted over 200 Canadian companies at its peak.
"Our partner in Russia was the Chamber of Commerce of the
USSR. By 1991, there were 52 Canada�Russia joint ventures in
1991, and they were involved in a huge range of business areas
including commercial printing, oil well servicing, food services
and many kinds of manufacturing ventures. It was a very positive
time. However, 5 years later most of the joint ventures had fold�
ed. The pathology of those failed joint ventures was very similar
across the board and offers some lessons for business to this
day; choose your partners well and be very clear about the terms
of the agreement! Some Canadian companies from those days
remained in the market and became legends, they didn't give up,
but others felt uncomfortable and left."
In 1992, Lou took a leave of absence and joined the EBRD.
Within a year, he had become Resident Representative for the
Bank in Russia. "When working for the EBRD, I had a front seat
to observe the development of Canadian technical assistance
programs in Russia. Some of these were very effective. For
example, Canadian assistance to Russia preparing it for acces�
sion to the WTO. Unfortunately, it took 18 years for Russia to
join, although through no fault of Canada nor the specialists
working on the project. Also the very first property, Cadastre,
that was established in Russia, was as a result of Canadian
legal advice." Lou described the launch in 1994 of the Prime
Minister's Foreign Investment Advisory Council (FIAC) in Russia
adding that being involved with that "gave me an understanding
of what Russians needed to do to improve the investment cli�
mate and to increase investment in Russia." Initially, there were
no Canadian members on the Council, but in 2007 Lou joined
Kinross Gold Corporation as its Head of the Moscow Repre�
sentative Office and by 2010 Kinross became and remains the
only Canadian company in FIAC. In between, Lou was the
Senior VP and Head of Visa International's operations in Russia
from 2000 to 2007.
MAIN STORIES
Vladislav Tretiak, President of the Society of Friends of Canada,President of the Ice Hockey Federation of Russia, Member of theState Duma of the Russian Federation
Lou Naumovski, CERBA National Chair 2013�2017, Consultant andInternational Business Advisor
Awardees of the Symposium: Andrey Varichev, General Director,Managing Company Metalloinvest LLC; Alexander Shokhin,President, RSPP; Konstantin Babkin, President, NovoyeSodruzhestvo; Lou Naumovski, CERBA National Chair 2013�2017,Consultant and International Business Advisor; Ron Lewin, GeneralDirector, TerraLink; David Aylen, Managing Partner, Gowling WLGMoscow Office; Gilles Breton, Chairman of the CERBA NationalBoard, Co�Chair of Russia Canada Business Council (RCBC).
24 / 2018 Volume I
Symposium, taking into account that a full resumption of gov�
ernment relations and support for businesses, while important,
is not expected in the short�term. It was admitted that the role of
business associations, especially CERBA, and the private sec�
tor, such as Kinross and Metalloinvest, has been crucial so far
in keeping the relationship alive and continuous efforts to further
stimulate that revival should be encouraged.
With regard to priority industry sectors, it has been observed
that commercial relations between Canada and Russia have
been mainly centered around a few traditional sectors, such as
natural resources, agriculture, construction and transportation,
but there is merit in seeking further diversification and exploring
other areas such as high�tech, IT and communication, innova�
tion, services.
One of the strategies unanimously put forward to revive the
bilateral relation was to focus on increasing people�to�people
relations at all levels. This would include more fora for Russian
and Canadian business representatives to meet and exchange.
For instance, the last Canada Russia business roundtable,
organized by CERBA at the Eastern Economic Forum in
Vladivostok in September 2017, was quoted as a very success�
ful initiative launching a dialogue between businesses. More
opportunities such as this one should be seized in the future,
and high�level participation should be encouraged at confer�
ences such as the Saint�Petersburg Investment and Economic
Forum (SPIEF), the CERBA Eurasia Mining Conference at
PDAC, and the Eastern Economic Forum. Recommendations
also included the nomination of "positive business ambassa�
dors" who could share their experiences and success stories
about doing business in Russia with Canadian business com�
munity, and vice versa.
Other proposed strategies for restoring Canada�Russia busi�
ness cooperation included: expanding the business community
engaged in bilateral commercial relations by targeting relevant
companies and emphasizing a regional approach; putting
greater focus on promotion of cooperation in the field of educa�
tion, academic research and culture; facilitating collaboration on
a number of non�contentious issues, including the Arctic, cli�
mate change and the environment, as well as the health and
well�being of indigenous communities.
Currently, the Symposium organizing committee is working on
the "RCBC Symposium Outcomes" document that would sum�
marize all the observations and conclusions made during the
symposium, and describing in detail all the proposed strategies
for improvement of Canada�Russia commercial relations, as
well as recommendations to respective governments. The doc�
ument will then be distributed to symposium participants and to
the representatives of the business community to receive feed�
back, and will finally be published on the CERBA website, dis�
tributed to respective governments, and used as a blueprint for
future activities by relevant associations and the business com�
munity. It will be directly aimed at the restoration of trade and
commercial relations between Canada and Russia.
The Symposium ended up with a Gala Reception for partici�
pants, also hosted by the Russian Union of Industrialists and
Entrepreneurs. Gilles Breton, CERBA National Chair, and Nathan
Hunt, Chairman of the CERBA Moscow Board, greeted the
reception attendees and congratulated them with the productive
discussion during the day. Mr. Breton and Mr. Hunt highlighted
the importance of the initiatives like RCBC Symposium on
Canada�Russia Commercial Relations for the eventual full res�
toration of the bilateral business relations between our two coun�
tries, and emphasized the role such events play in the success�
ful revival and facilitation of the dialog between business com�
munities of Canada and Russia.
CERBA would like to express its deepest gratitude to the
Sponsors of the event: Metalloinvest (Platinum Sponsor), Kinross
Gold (Gold Sponsor), EuroChem and Gowling WLG (Silver
Sponsors).
CERBA would also like to express its gratitude to John Harrison,
Editor of the www.russiaknowledge.com, for his support and
assistance in promoting CERBA activities in Russia, as well as
for his contribution to this article.
MAIN STORIES
2018 Volume I / 25
For me, this was extremely frustrating. They would come to
Moscow once, for some ridiculous reason they thought that if
they met Mr. Gorbachev they would get some business, and
sadly that attitude has not really changed. A lot of companies
come and they continue to make the same mistakes. They pre�
sume that they are so wonderful that nobody in this country
could resist buying from them or help in a co�investment of
some kind. That is not the case. You have to be persistent, well
informed and educated on the local business culture and regu�
lations. Our country is defined by trade, but we are incredibly
slow in seizing opportunities. Even China makes foreign and
economic policy changes faster than we do, despite their cen�
turies� longer history and culture."
The first part of the Symposium concluded with an official RCBC
Awards Ceremony, and awards on behalf of the Russia Canada
Business Council were presented to those individuals who over
the years have demonstrated outstanding commitment to fur�
therance of the Canada�Russia commercial relationship.
Among the award recipients were Lou Naumovski,; Alexander
Shokhin, President, RSPP; Andrey Varichev, General Director,
Managing Company Metalloinvest LLC; Konstantin Babkin,
President, Novoye Sodruzhestvo; Ron Lewin, General Director,
TerraLink; and David Aylen, Managing Partner, Gowling WLG's
Moscow Office.
The keynote presentation by Lou Naumovski set the stage for the
Roundtable discussion with representatives of the business elite
and academia from Canada and Russia in the second part of the
Symposium. Among the panelists were Konstantin Babkin,
President, OOO "Novoye Sodruzhestvo"; Stanislav Borodyuk,
Vice�president and Head of the Kinross Gold Corporation
Moscow Rep. Office; Gilles Breton, CERBA National Board
Chairman; Piotr Dutkiewicz, Professor and Director, Centre for
Governance and Public Management, Carleton University;
Nicolas Fresne, Former Head of Quebec Mission in Russia;
Graham Hill, CEO, Silver Bear Resources; Ron Lewin, General
Director, TerraLink; Alexander Melnikov, General Director,
Bombardier Transportation Rail Signal; Igor Osipov, Chairman of
the Board, FEFU Foundation; Sergey Bourtsev, Managing
Partner, ERM Eurasia; Lou Naumovski. The plenary session was
moderated by Nathan Hunt, CERBA Moscow Board Chairman.
As an introduction, each participant made a short presentation
on his company, its main activities and achievements in its par�
ticular sector, and briefly described his experience related to
doing business between Russia and Canada.
The introductions were followed by a discussion related to facil�
itation and improvement of the commercial relations between
Canada and Russia. In particular, the discussion covered issues
such as priority sectors that business should focus on in order
to further develop the Canada�Russia bilateral commercial rela�
tionship, non�commercial areas where businesses from both
countries could bring value to each other, the reason for a near�
ly triple increase of the French commercial presence in Russia
since 2014 while Canada's has dwindled, desired changes in
commercial policy (not foreign policy) that business leaders from
both communities should be requesting from their respective
governments, other steps that business people could take to
improve the commercial relationship.
The main conclusion reached by the participants of the
Roundtable discussion was that, even though government sup�
port would greatly facilitate increased bilateral trade, especially
EDC financial services, businesses from both countries should
not wait for a normalization of relations between their respective
governments to revive bilateral business cooperation. Now is the
right time for business to re�engage. Waiting any longer would
result in more business opportunities being missed and Canada
would run the risk of "becoming irrelevant" in Russia.
Suggestions on how to improve bilateral cooperation and trade
flows between the two countries were put forward during the
MAIN STORIES
Roundtable DiscussionFrom left: Konstantin Babkin, President, Novoye Sodruzhestvo;Alexander Melnikov, General Director, Bombardier TransportationRail Signal; Piotr Dutkiewicz, Professor and Director, Centre forGovernance and Public Management, Carleton University; NicolasFresne, Former Head of Quebec Mission in Russia; Graham Hill,CEO, Silver Bear Resources; Ron Lewin, General Director,TerraLink; Lou Naumovski, CERBA National Chair 2013�2017,Consultant and International Business Advisor; Stanislav Borodyuk,Vice�president and Head of the Kinross Gold Corporation MoscowRep. Office; Nathan Hunt, CERBA Moscow Board Chairman
Sergey Bourtsev, Managing Partner of ERM Eurasia, speakingabout ERM main services in Russia
Igor Osipov, Chairman of the Board of FEFU Foundation and FEFURectorat Advisor on Priority Projects
Guests of the Gala Reception listening to the greeting speeches
Nathan Hunt, CERBA Moscow Chair, and Gilles Breton, Chairman ofthe CERBA National Board and Co�Chair of the Russia CanadaBusiness Council (RCBC), greeting the guests at the eveningreception for Symposium participants.
26 / 2018 Volume I
the market, work hard to develop your business, and maintain
good relations with your client', noted the businessman who
took part in major projects in the business district Moscow City.
The President of the Canadian high tech company Bioastra,
Sumitra Rajagopalan, explained that there is a strong scientific
culture in Russia. The company had some collaboration with the
Russian space program on smart materials that were devel�
oped. 'But there is a problem of perception in the media and it is
important for those who know the country to do a better job
explaining what Russia really is', stressed Ms. Rajagopalan.
A number of meetings were organized during the two days with
a range of economic actors from the Montreal ecosystem. The
delegation met with some start�up companies in the Artificial
Intelligence cluster of the Universite de Montreal, a world leader
in this field. Young entrepreneurs discussed with Mr. Platonov
about collaboration with Russian museums, healthcare, and the
banking system, involving artificial intelligence.
Larger collaboration in the frame of the bilateral agreement bet�
ween the Government of Quebec and the city of Moscow were dis�
cussed during the visit. Further activities with the city of Moscow
are expected in 2018.
On 23rd January 2018, the CERBA�Vancouver Chapter cele�
brated the 7th anniversary of the Mining conference organized
in conjunction with the annual Roundup of the Association of
Mineral Explorations.
Each year this conference is tailored to reflect major develop�
ments in the Eurasia and Central Asia regions highlighting poten�
tial opportunities for Canadian companies to expand. Given a
strong interest of West Coast companies in Trans�Pacific cooper�
ation and global investment initiatives like the New Silk Road, the
VII Vancouver Mining conference was focused on its current sta�
tus and the potential business outcomes of this major initiative.
The three panel event included presentations by seasoned
experts on the latest geopolitical landscape and its impact on
regional economic development, untapped business opportuni�
ties, financing programs offered to the companies interested in
trade and investment in the Eurasian and Central Asian mar�
kets, and mechanisms helping to promote Canadian products
and technologies. One very important issue discussed at the
MAIN STORIES
2018 Volume I / 27
On December 18�19, the Montreal/Ottawa chapter of CERBA
organized the 'Days of the Moscow Economy in Montreal', in col�
laboration with the Moscow Chamber of Commerce and Indus�
try. The main event was a conference organized on December
18 at the office of the law firm Borden Ladner Gervais in the pres�
tigious skyscraper 1000 La Gauchetiere, in downtown Montreal.
The President of the Moscow chamber of commerce, Vladimir
Platonov, gave the keynote speech of the event and described
the dynamism of the city of 15 million people.
'In the PWC ranking of emerging cities, Moscow came first in 5
out of 10 categories: 1) transport and infrastructure 2) intellectu�
al capital and innovation 3) sustainable development and envi�
ronment 4) technology 5) demographics and livability. Another
example, we will build 63 new metro stations in the upcoming
four years in addition to the 207 already existing. These are just
a few examples of the city's vitality. We invite international com�
panies to take advantage of this situation by joining some of the
private�public�partnerships', underlined Mr. Platonov.
As a comparison, the city of Montreal has a total of 68 metro sta�
tions and Toronto has 75. 'This is the equivalent of building all of
the Montreal metro in four years! Maybe there is something we
can learn from Moscow's experience', expressed Montreal
CERBA Director, Sebastien Dakin. CERBA National Chairman,
Gilles Breton, said that trade numbers between Canada and
Russia were increasing and he hoped that the event would con�
tribute to the growing trend.
Canadian companies active in Russia also shared their experi�
ences of working in Moscow and of the Russian market in gen�
eral. According to Sean Gallagher, General Manager of Rose�
mex, a manufacturer of heating, ventilation and air conditioning
systems, doing business in Moscow is not very different from
Canada or the US. 'You need to be on the ground, understand
MAIN STORIES
CERBA HOSTS THE PRESIDENTOF THE MOSCOW CHAMBEROF COMMERCE
DDEECCEEMMBBEERR 1188��1199,, 22001177
VII INTERNATIONALCONFERENCE: MINING ANDRESOURCE OPPORTUNITIESALONG THE SILK ROAD:CENTRAL ASIA AND EURASIAPROGRESS REPORT
JJAANNUUAARRYY 2233,, 22001188
From left: Mark Albertine, President, Open�Aire; Sean Gallagher, GM, Rosemex; Marcel Hachem, President, Presse Cafe; Vladimir Platonov,President, Moscow Chamber of Commerce; Sumitra Rajagopalan, President, Bioastra; Gilles Breton, National Chairman of CERBA; andSebastien Dakin, CERBA Montreal and Ottawa Regional Director
Sean Gallagher, General Manager, Rosemex
Various participants of the event Vladimir Platonov, President, Moscow Chamber of Commerce andIndustry
28 / 2018 Volume I
Ambassador of Canada to Russia, Armenia and Uzbekistan, Edie
Thome, President and CEO of AME, Eva Buzsa, Vice President
of APF, Vern Biccum, President of Iridia Medical, Professor of the
MAIN STORIES
2018 Volume I / 29
conference was the integration of indigenous people into
resource development projects in order to gain social license to
operate in the territories belonging to First Nations communities.
The conference was sponsored by KINROSS Gold Corp
(Platinum Sponsor), Deloitte LLP and Deloitte Tax Law LLP (Gold
Sponsor), ME Elecmetal (Bronze Sponsor), and also supported
through their marketing channels by the Asia Pacific Foundation
of Canada (APF) and Association of Mineral Explorations (AME).
The group of speakers included Erin Chutter, Chair of the
CERBA�Vancouver chapter, His Excellency John Sloan, Ex�
MAIN STORIES
Welcome remarks by Erin Chutter, Satinder Bains (Deloitte Tax LawLLP) and Edie Thome, President and CEO (Association of MineralExploration)
Dr. Alexander Antonov, Uzbekistan
Ksenia Solovyeva, ROSSCONGRESS Foundation
John Sloan, Ex�Ambassador of Canada to Russia,Armenia and Uzbekistan
Nick Bryanskiy, Moderator of Panel II, Bennett Jones LLP
Panel I � Erin Chutter, John Sloan (Moderator), Eva Busza (VicePresident, Asia Pacific Foundation of Canada)
Panel II � Ksenia Solovyeva, Nick Bryanskiy, Nurzhan Aitmakhanov,Andrei Makovetski and Prof. Greg Dipple
Special Guest: Bill Adsit, Aboriginal Business Consultant and aMember of Tahltan Nation
Opening Remarks of the Conference
30 / 2018 Volume I
University of British Columbia, Greg Dipple, Associate of Bennett
Jones LLP Calgary office, Nick Bryanski, Director of Resource
Works Society, Stewart Muir and Sales Manager for Eurasia
countries of ME Elacmetal Andrei Makovetski. International
guests included Jennifer Guo, Executive Vice�President of the
Bank of China, Head of the Russian Trade Mission to Ottawa,
Valerii Maximov, Counselors on Economic relations of the Em�
bassies of Russia (Sergey Strokov), Kazakhstan (Nurzhan
Aitmakhanov) and Mongolia (Battushig Zanabazar) as well as
Specialist on International and Regional Cooperation of the
ROSSCONGRESS Foundation Ksenia Solovyeva and Repre�
sentative of B2Gold in Uzbekistan, Dr. Alexander Antonov. Our
special guest representing BC indigenous people was Bill Adsit,
the Aboriginal Business Consultant and a member of the Tahltan
Nation.
The conference took place at the Deloitte Conference Center
and was attended by over 70 people representing various sec�
tors including the mining industry, financial institutions, engi�
neering and environmental groups and local media.
MAIN STORIES
2018 Volume I / 31
MAIN STORIES
Nurzhan Aitmakhanov, Counselor, Embassy of Kazakhstan Valerii Maximov, Russian Trade Mission to Canada Prof. Greg Dipple, UBC
Vern Biccum, President, IRIDIA Medical
Stewart Muir, Moderator of Panel III (Resource Works Foundation)
Jennifer Guo, Executive Vice President,Bank of China Vancouver Branch
Battushig Zanabazar, Counselor on Economic Relations,Embassy of Mongolia
ROSSCONGRESS Presentation of the Eastern Economic Forum
32 / 2018 Volume I
A group of 18 business professionals representing five CIS coun�
tries (Russia, Belarus, Kazakhstan, Armenia and Uzbekistan)
and enrolled in the MBA executive program at the Economic
Faculty of Moscow State University visited Vancouver from
October 8�16 on a study tour entitled, "Innovations in Canada".
This was the first project initiated in collaboration with the new
Vancouver based member OKTAN Knowledge Exchange
Partnership, led by Dr. Oxana Baydina, Associate Professor of
Moscow State University, residing now in BC.
The project took over six months to complete and included a
comprehensive program of seminars, business round tables,
site visits and B2B meetings with the Vancouver government
and private sector representatives, professional associations
and Universities.
Strong support of the BC Ministry of Jobs, Trade and Innova�
tions, BC Council of Innovations, University of British Columbia,
Capilano University, Deloitte LLP, Manning Elliott LLP, Pangaea
Ventures, Grey Owl Engineering, Fast & Epp Architects and
Structural Engineers, URTHECAST and number of other part�
ners gave to our guests a perfect snapshot of Canadian inno�
vations in various sectors from wood�based construction to one
of the world's most famous cyclotrons and web cameras
installed on the International Space Station. Our guests gained
a good understanding of Canadian values as they apply to
industrial development, social corporate responsibility, links bet�
ween industry, business and government and input into the
development of local communities.
LOOKING BACK
2018 Volume I / 33
September 12, 2017, Montreal � CERBA held its Annual General
Meeting followed by a Briefing on Eurasian Markets with the
Ambassador of the Russian Federation, The Deputy Minister of
Foreign Affairs of Belarus, the Charge d'Affaires of the Embassy
of Kazakhstan, and leading economist, Chris Weafer.
The Annual General Meeting was the last one presided over by
CERBA's outgoing Chairman, Lou Naumovski, as he had com�
pleted his four�year mandate. The National Board of Directors of
CERBA has elected a new Chairman in Gilles Breton, previous�
ly Chair of the Montreal and Ottawa chapters. 'It is an honor to
be elected to this position. I am looking forward to further con�
tributing to the Association in this new position', said Mr. Breton.
During the briefing, Mr. Naumovski was given a plaque with an
inscription that reads In recognition of his outstanding contribu�
tion to the advancement of Canadian interests in the Eurasian
region and for his inspired leadership and dedicated service as
National Chairman of CERBA.
The event which took place at the law firm of Borden Ladner
Gervais, was an occasion to inform the Canadian business com�
munity about the latest developments with the Eurasian Economic
Union and its member countries. The Russian Ambassador,
Alexander Darchiev, invited participants to further explore opportu�
nities with the new economic bloc representing a market of close
to 200 million consumers with solid purchasing power.
'Belarus, with its developed and diversified industry, provides
many opportunities for Canadian companies who would like to
manufacture goods here at competitive cost and sell throughout
all of the Union' underlined the Deputy Minister of Foreign Affairs
of Belarus, Oleg Kravchenko.
The Charge d'affaires of Kazakhstan, Daniyar Seidaliyev, used
the occasion to promote the new Astana International Financial
Center, a new special economic zone for the financial sector
with a special legal regime based on UK common law system.
The project aims to become a Dubai in Central Asia. The finan�
cial center will be located on the premises of the main pavilion
of the international exhibition Expo Astana 2017, which attract�
ed three million visitors.
One of the leading economists and experts on Eurasian markets,
Chris Weafer, made the keynote presentation about trends, chal�
lenges and opportunities in the countries of the former Soviet
Union. After many difficulties in the last three years, he under�
lined that all countries had finally pulled out of recession and
growth is resuming. Most countries have significantly improved
their ranking in the 'Ease of Doing Business' with Russia,
Armenia, Belarus and Georgia in the top 40 positions.
Mr. Weafer explained that sanctions against Russia had not
always reached their goals. 'Thus far sanctions have had rela�
tively little impact. Russian counter�sanctions have actually
helped develop the agriculture and agrifood sector in Russia. The
weak ruble also allowed Russian products to become more com�
petitive on international markets. We can say that, largely, the
country has adapted to the situation', explained Mr. Weafer.
Over 70 people attended the event including Government repre�
sentatives from federal and provincial levels, as well as the
national business community and academia active in the region.
LOOKING BACK
LLOOOOKKIINNGG BBAACCKK
MONTREAL
Lou Naumovski (left), CERBA National Chair 2013�2017, Consultantand International Business Advisor, receiving a plaque from GillesBreton, to commemorate his work as CERBA National Chairman
Chris Weafer, Partner, Macro�Advisory, delivering keynote speech
At the Capillano University Campus
At Manning Elliott LLP (How to Develop Innovations in Canada)
From left: Oleg Kravshenko, Deputy Minister, Foreign Affairs ofBelarus; Daniyar Seidaliyev, Charge d'Affaires, Embassy ofKazakhstan; Alexander Darchiev, Ambassador of the RussianFederation; and Chris Weafer, Partner, Macro�Advisory
Lou Naumovski (left) and Chris Weafer, Partner, Macro�Advisory (right)
After the Round Table with BC Government and BusinessStakeholders
At the site of UBC Cyclotron Facility
CERBA NATIONAL
AGM 2017SSEEPPTTEEMMBBEERR 1122,, 22001177
VANCOUVER
DELEGATION OF THE
MOSCOW STATE
UNIVERSITY (FACULTY
OF ECONOMY)
OOCCTTOOBBEERR 1111,, 22001177
Round Table with BC Government (on the right � Victoria Hayes,Ministry of Jobs, Trade and Innovations and representatives of BCInnovations Council)
34 / 2018 Volume I
The keynote speaker of the seminar was Dmitry Basik, Charge
d'Affaires, Embassy of the Republic of Belarus to Canada, who
highlighted the economic situation in Belarus and pointed out
the major areas of cooperation.
The event featured participation of a Belarusian business dele�
gation, including such companies as Bellegprom, Linen Mill,
Ruchaika, 8 Marta, and others.
The program for the delegates was jointly organized with CERBA
partners � Belorussian Chamber of Commerce and Industry.
The delegates participated in a diverse program of meetings
with potential local partners and participated in the trade show
entitled Apparel Textile Sourcing Canada. More than 200 pro�
ducers direct from the World's major garment manufacturing
countries were displaying Apparel, Textiles, Fabrics, Fashion &
Accessories at the show.
CERBA signed an official agreement
of cooperation with Invest North Bay
Development Corporation. The pur�
pose of the document is the
strengthening of the social and eco�
nomic base of the North Bay region
and the development of friendly rela�
tions with Eurasian countries includ�
ing the creation of favourable condi�
tions for business interactions at all
levels between Canada and Eurasia.
The parties will join forces to promote cooperation between micro,
small and medium�sized enterprises (SMEs) and large corpora�
tions of the North Bay region and Eurasia.
The program of the delegate's stay in Toronto revolved around
the industrial town development, urban planning, land recla�
mation in the mining regions, CSR practices of large nickel
mining and manufacturing facilities.
The delegates met with City of Sudbury representatives, heard
from the Vice�President of Vale regarding the Company's CSR
best practices, visited the offices of Urban Strategies firm, and
had an instructive excursion of the Toronto Waterfront devel�
opment by several of the firm's partners.
On December 14th, the Toronto Board hosted over 50 partici�
pants in the annual holiday reception. The featured guest of
the evening was the new National Chairman of CERBA, Gilles
Breton, who was elected at the AGM in September 2017. The
guests enjoyed the relaxed atmosphere of the evening and
hors�d'oeuvres. The excitement was added to by a trade quiz
which brought its winners excellent prizes to savor throughout
the holiday season.
LOOKING BACK
2018 Volume I / 35
The program of the visit was designed to include both the theo�
ry and practice of the Canadian approach to the process of inno�
vations development . This is exactly what the group was inter�
ested in as it applied to their day�to�day activities as business
executives.The group represented a number of industries in�
cluding aerospace, construction, pharmaceuticals, IT, consumer
products, and many others.
The visit was not limited to just business.The group took in a
Vancouver Canucks hockey game, touredthe Capilano
Suspension Bridge Park, and saw lots of the iconic sites of
beautiful British Columbia.
The farewell party and the ceremony of granting Program
Completion Certificates concluded the visit.
Connections established during the program came to fruition in the
form of a new member out of Moscow, EurasianPharm Consulting.
In continuation of the International Knowledge Exchange Program
in collaboration with OKTAN Partnership, we plan to host more
international business professionals later this year.
The Toronto Chapter hosted this timely event to provide infor�
mation to Canadian businesses about changes in access to the
Belarus market that had not been available since 2006 when
Belarus was first added to the Area Control List. In spite of the
restrictive measures, Canadian exports to Belarus totaled near�
ly $34 million and imports totaled nearly $50 million in 2014.
On June 20, 2017 the Government of Canada finalized the reg�
ulatory process to amend the Area Control List (ACL) of the
Export and Import Permits Act (EIPA). This amendment formal�
ly removed Belarus from the ACL, a list of countries to which the
Governor General in Council deems it necessary to control the
export or transfer of any goods and technology. Lifting the sanc�
tions against Belarus will further increase the trade opportunities
between Canada and Belarus.
LOOKING BACK
At TRIUMF Research Center (UBC Cyclotron Laboratory)
At the Hockey Arena � New Funs of Vancouver Canucks!
At UBC Museum of Nuclear Research
Certificates award ceremony with the Moscow State University andOKTAN Knowledge Exchange Partnership
Gilles Breton, CERBA National Chair, greets the guests at theCERBA�Toronto Annual Holiday Reception
CERBA AGREEMENT
WITH NORTH BAY,
ONTARIOSSEEPPTTEEMMBBEERR 1199,, 22001177
CERBA HOSTED A
DELEGATION FROM
THE CITY OF NORILSK
AND NORILSK NICKEL
COMPANYSSEEPPTTEEMMBBEERR 3300,, 22001177
TORONTO
CANADA�BELARUS
TRADE UPDATE:
COOPERATION OPPOR�
TUNITIES AFTER THE
REMOVAL OF BELARUS
FROM THE AREA
CONTROL LISTAAUUGGUUSSTT 2244,, 22001177
HOLIDAY NETWORKING
RECEPTIONDDEECCEEMMBBEERR 1144,, 22001177
36 / 2018 Volume I
This was followed by a speech of CERBA Kazakhstan Chair�
man, Norman Storm, and continued on with a speech by Mr.
Arsen Nasyrkhanov from NS JSC "Kazakh Invest" about "Doing
Business in Kazakhstan". The networking evening was con�
cluded with the Introduction of the list of nominees to the CERBA�
Kazakhstan Board of Directors for the 2017�2018 year.
In accordance with tradition, the CERBA Kazakhstan chapter
was happy to organize another Christmas Eve Bowling Tour�
nament � a special evening for participants accompanied with a
lot of fun and prizes.
The Christmas Eve Tournament was organized by CERBA and
kindly sponsored by the company Ernst & Young and by the
Ramada hotel in Almaty, Rahat Palace Hotel. The sponsors
pleasantly surprised the participants by treating them to special
prizes and rewards for the winners.
The tournament was attended by almost 80 individuals and split
into 10 teams of 5 participants each, selected by drawing lot.
Each team played 5 games and the 3 best games were taken
into the final account. The winner was determined by summing
up the results of the three best games of the team.
LOOKING BACK
2018 Volume I / 37
On June 22nd�23rd, a big event was organized in honor of the sec�
ond meeting of Kazakhstan Canada Business Council (KCBC).
Two anniversary dates were celebrated as well: the 150th birthday
of Canada and 25th anniversary of the establishment of diplo�
matic relations between Kazakhstan and Canada. The event was
organized on the sidelines of the International Specialized Exhi�
bition EXPO�2017 "Future Energy".
The two day meeting was attended by more than 160 participants
from business, government and non�profit sectors including 47
Canadian representatives from a variety of sectors.
The event was opened by Mr. Fred Gorrell, Assistant Deputy
Minister for Agriculture and Agri�Food Canada and from the
Kazakhstan side by Mr. Yerlan Khairov, Vice�Minister for In�
vestments and Development of the Republic of Kazakhstan.
A wide range of cooperation opportunities was presented with
emphasis on Kazakhstan's economic development and the
integration of the country into the global economy. Opportu�
nities for Canadian partners to participate in the program of
infrastructure development included the creation of the Interna�
tional Financial Center in Astana on the platform of EXPO�
2017, and other projects.
On October 27, an Annual General Meeting and Wine Tasting
was conducted at Arba Wine Boutique in Almaty, during which
time an overview of the year was discussed. The event was
focused on CERBA Activities and Achievements in 2016�2017,
as well as the Aims and Goals of CERBA for 2018, such as the
KCBC upcoming meeting in Canada.
LOOKING BACK
CERBA KAZAKHSTAN
ANNUAL GENERAL
MEETING OF MEMBERSOOCCTTOOBBEERR 2277,, 22001177
CERBA KAZAKHSTAN
NETWORKING EVENT:
ANNUAL CHRISTMAS
EVE BOWLING
TOURNAMENTNNOOVVEEMMBBEERR 3300,, 22001177
Erzhan Ashikbayev, Deputy Minister of Foreign Affairs; Tim Gitzel,CEO of Cameco Corporation; H.E. Shawn Steil, Ambassador ofCanada to Kazakhstan from 2014�2017 attend a KCBC secondmeeting.
Alexander Skorov and Inna Zvyagina, ProTax&Accounting
From left: Norman Storm, CERBA Kazakhstan Chairman; DamirAbenov, Intercomp; Blair Treherne Pollock, CEO, QAZAQAir
KAZAKHSTAN
ASTANA | 2ND MEETING
OF THE KAZAKHSTAN
CANADA BUSINESS
COUNCILJJUUNNEE 2222��2233,, 22001177
Norman Storm, CERBA Kazakhstan Chairman (in the middle) andTaskyn Koshman (far right), Regional Director of CERBAKazakhstan and KCBC Coordinator
Winners of 2018 Christmas Eve Annual Bowling Tournament
38 / 2018 Volume I
of contractors for compliance with anti�corruption legislation and
other questions. The event concluded with a Q&A session, where
participants could get answers to their specific questions, and a
brief discussion on the general problems and challenges faced at
the moment by Canadian and other foreign companies working in
Russia, and ways to overcome these problems.
The Canadian Embassy to Russia, in collaboration with Export
Quebec and Canada Eurasia Russia Business Association
(CERBA), organized the 2nd edition of the Canadian Mining
Mission to Uzbekistan in late September 2017 as a follow�up to a
quite successful one held in mid�March 2017 following which sev�
eral Canadian companies were able to participate in tenders val�
ued at US$ 3.5M and establish a presence in Uzbekistan. The
mission attracted representatives of 10 Canadian companies �
Adria Manufacture, Denson Automation, Phoenix Geophysics,
Polyval, Iris Power, B2Gold, Polycorp, Sight�Power, Di�Corp,
Lydus Partners, plus representatives of Canadian Embassy in
Moscow, CERBA, and the new Honorary Consul of Canada in
Uzbekistan, Eldor Manopov, and was aimed at further facilitation
of the business dialog and strengthening the ties made earlier that
year, as well as pursuing business opportunities previously iden�
tified in the Uzbek mining sector.
The mission format consisted of a two�day business program,
which started with a briefing session featuring the overview of
the latest business developments in Uzbekistan. The topics
included a presentation on how to do business in Uzbekistan
and best practices when participating in public tenders by local
consultant BNZ Industrial Support; the latest regulatory reforms
in Uzbekistan by Dentons; EBRD's projects and solutions in
Uzbekistan; the Uzbek mining sector overview conducted by a
local mining expert, and other useful information.
The program then followed with a series of seminars and busi�
ness meetings in formal and informal settings, during which
Canadian participants had the chance to present their products,
technologies and services to decision�makers of the three major
mining companies: Almalyk Mining Corporation (AGMK), Navoi
Mining Corporation (NGMK) and UzbekUgol, and the
Committee on Geology and Mineral Resources of Uzbekistan.
On the third day, the delegation visited AGMK ore processing
plant and electrical facilities.
This was the second large Canadian business mission to
Uzbekistan in the last 6 months. The mission proved to be suc�
cessful, enabling a number of Canadian companies to engage
in advanced business exchanges with the main Uzbek mining
organizations. According to the survey that mission participants
filled at the end of the mission, Canadian companies reported
high�level of satisfaction (9.4 on 10).
The mission was organized by the Canadian Embassy in
Moscow in close collaboration with the Canada Eurasia Russia
Business Association (CERBA), the Armenian Ministry of Tran�
sport, Communications and Information Technologies, the
Union of Information Technology Enterprises (UITE) of Armenia,
the Information Technology Association of Canada (ITAC), the
Canada Armenia Business Council (CABC), and Wavefront.
Information and Communication Technologies (ICT) is one of
the fastest growing sectors in Armenia, and Armenia already
has a Canadian ICT business presence. The Armenian gov�
ernment strongly supports the business community by wel�
coming international companies, developing special economic
zones and creating a strong investment climate with customs
and tax privileges. As a member of the Eurasian Economic
Union (EEU), Armenia can be an entry point to a market of 180
million people with an annual GDP of USD 4 trillion. The mis�
sion was an excellent chance to learn more about these oppor�
tunities, and to forge linkages with local and global companies
active in Armenia.
LOOKING BACK
2018 Volume I / 39
With the smooth and successful beginning of 2018, CEBA
Kazakhstan Chapter arranged a Breakfast Brief with His Ex�
cellency Nicholas Brousseau, Ambassador of Canada to Ka�
zakhstan, the Kyrgyz Republic and Tajikistan. The breakfast brief
was conducted at Wyndham Garden Astana Hotel and was spon�
sored by CERBA members: Falcon Oil&Gas and Intercomp com�
panies. About 45 individuals, including Mr. Y. N. Nysanbayev, Vice�
Minister of Agriculture of RoK, Mr. S.Tuyakbayev, CEO of
"Kazakh Invest" and other government officials, business people
attended the breakfast brief.
The event provided its participants with a classic Canadian break�
fast and featured a welcome speech by Mr. Norman Storm,
Chairman of CERBA Kazakhstan.
The main focus of the event was a speech by H.E Nicholas
Brousseau, Ambassador of Canada to Kazakhstan, Republic of
Kyrgyzstan and Tajikistan, outlining the importance of the Ca�
nada�Kazakhstan Commercial Partnership.
After the speech, participants had a Q&A session with the
Ambassador as well as an opportunity for individual discus�
sion time.
CERBA Kazakhstan would like to extend a special thank you
to the Wyndham Garden Astana Hotel team for their excellent
service!
This seminar, organized jointly by CERBA
and KPMG, emphasized the importance
of contractors' check as an essential ele�
ment of business protection for foreign companies doing busi�
ness in Russia. The main focus of the discussion was on prac�
tical experience of performing complete verification of contrac�
tors and organizing compliance system, including interesting
case studies and use of the special automated systems and
databases.
KPMG experts included Igor Lebedev, Partner, Irina Burdakova,
Senior Manager, Ksenia Rebrova and Daria Maksimova, Ma�
nagers of the Risk Management Department, and other experts,
experienced in working with foreign, and particularly Canadian,
companies. Topics included the necessity of performing contrac�
tors' check, ways and methods for a company to check contrac�
tors on its own, using experts' help to perform a contractor's
check, automated systems for verification of contractors, auditing
LOOKING BACK
A welcome speech of Norman Storm, CERBA Kazakhstan ChapterChairman at the Breakfast brief with H.E Nicholas Brousseau,Ambassador of Canada to Kazakhstan, the Kyrgyz Republic andTajikistan
Mission briefing session, from right to left: Canadian Embassy/Mekideche; B2Gold/Antonov, BNZ IS/Quigley, Phoenix Geophysics/Urakov, CERBA/Koshman, B2Gold/local geologist/McLaughlin,local interpreter, Sight�Power and Di�Corp/Korsalov, Dentons/Skyner, Lydus Partners/Skyner, Polyval/Mirer, Phoenix Geophysics/Ingerov, Polycorp/Kolomitsev, Denson Automation/Poulin (hidden),Iris Power/Bubnov, Lydus Partners/Ozcelyan, Dentons andCanadian Honorary Consul/Manopov, EBRD/Akhundjanov
H.E Nicholas Brousseau, Ambassador of Canada to Kazakhstan,the Kyrgyz Republic and Tajikistan, presents a speech "A lookahead of Canada�Kazakhstan Commercial Partnership"
BREAKFAST BRIEF
WITH H.E. NICHOLAS
BROUSSEAU,
AMBASSADOR
OF CANADA
TO KAZAKHSTAN,
THE KYRGYZ REPUBLIC
AND TAJIKISTAN
JJAANNUUAARRYY 2266,, 22001188
MOSCOW
CERBA�KPMG SEMINAR
"BUSINESS IN RUSSIA:
CHECKING CONTRAC�
TORS" AAUUGGUUSSTT 3300,, 22001177
2ND EDITION OF THE
CANADIAN MINING
MISSION TO UZBEKISTANSSEEPPTTEEMMBBEERR 2244��2266,, 22001177
CANADIAN ICT
BUSINESS MISSION TO
YEREVAN, ARMENIASSEEPPTTEEMMBBEERR 2299��OOCCTTOOBBEERR 44,, 22001177
40 / 2018 Volume I
Upon signing, Mr. Hunt delivered the speech emphasizing that
India and Canada have outstanding modern and dynamic part�
nership in both political dialog, and trade and commerce. He
pointed out that there is a great potential for cooperation between
the Canadian and Indian business communities, therefore it
would be really great to see fruitful and mutually beneficial coop�
eration between CERBA and IBA to the benefit of members of
both organizations. Mr. Hunt had also emphasized the importan�
ce of formally establishing a partnership between CERBA and
Indian Alliance. In return, Mr. Kotwani and Mr. Inbasekar praised
the Canadian community for "progressive political and econom�
ic policies", also highlighted the great potential for bilateral busi�
ness cooperation, and expressed hope that the Memorandum
between the two Associations will grow into a productive and
beneficial partnership.
The event offered guests the unique opportunity to make new
valuable business connections in the informal atmosphere.
Guests enjoyed live music, fine wines, canapes and authentic
Indian food.
The finale of the event was an amazing singing performance by
Olga Deputatova, mezzo�soprano and actress of the theater He�
likon�Opera (contributed by the Producer Center "Neponiatno"),
followed by the charity raffle.
CERBA would like to express its sincere gratitude to Sammy
Kotwani, President of IBA, and Founder of Imperial Tailoring
Co. for hosting the event. CERBA also thanks Wine Express for
providing wines and production center "Neponiatno" for provid�
ing the entertainment program at the event.
CERBA was pleased to in�
vite its members to the
Business Networking Event
organized by the Lithuanian Business Club in Moscow on the
25th of October at the Lithuanian Embassy in Moscow.
The event featured a networking
session, as well as a presentation
by Alexey Misailov, General Di�
rector of FM Logistic Customs,
who delivered an informational
lecture on the global supply chain
management complications, con�
straints in import�export between
Russia and other countries, specificity of the Russian export
market, Russian customs law and Russian government regula�
tion policy on logistics.
The meeting provided Canadian participants with the opportuni�
ty to expand their contacts network by meeting their counter�
parts from Lithuanian business community, to share experience
on doing business in Russia and learn about potential business
opportunities on the Russian market. We hope that this event
marked the beginning of a long�term cooperation between
CERBA and Lithuanian Business Club in Moscow.
CERBA traditionally supports its long�standing partners � the
Russo�British Chamber of Commerce (RBCC) and the Chamber
of Commerce and Industry of the Russian Federation (CCIRF),
in the organization of the RussiaTALK Investment Forum. This
year the forum was held on November 2nd at the CCIRF head�
LOOKING BACK
2018 Volume I / 41
The main key business opportunities in Armenia and focus
areas of the mission included digital economy and enterprise
innovation, big data (analytics), IT security and education.
The ICT mission was divided into two components and compa�
nies were offered to choose to participate in either or both of them:
B2B and optional booth at DigiTec Expo (29 September � 1
October): At the DigiTec Expo, participants were able to con�
duct B2B meetings with both Armenian and international com�
panies. In the last two years, multinational participants included
Huawei, Ericsson, WMware as well as Oracle, IBM and Micro�
soft technology centers. Companies could also choose to join
the Canada stand, and participate in presentations and forums.
Canadian ICT Forum & Round Table (1�4 October): Following
the Expo (2 October), the TCS had organized the Canadian ICT
Forum with the objective being to learn more about the challenges
and opportunities of the Armenian ICT market directly from gov�
ernment and industry experts. The following day (3 October), the
delegation visited the Centre for Creative Technologies (TUMO),
where a round�table was hosted on the issues of ICT, education
and skilled workforce. Upon conclusion of the official part of the
mission, participants were welcome either to join cultural pro�
gramming or to continue with B2B meetings (4 October).
The Russian Energy Week: Energy Efficiency and Energy
Development International Forum was organized in Moscow on
October 3�7, 2017 by CERBA Strategic Partner – the Ros�
congress Foundation. CERBA was happy to participate both by
sending delegates representing the association and CERBA
member�companies to the forum, and by serving as information
sponsor of the event.
The Forum was being held to demonstrate the prospects of the
Russian fuel and energy industry and unlock the potential of
international cooperation in energy. It brought together the
CEOs of major global and Russian energy companies, and
served as a platform for a discussion of the main challenges
faced by the energy sector and topical problems involving the
development of the following sectors: the gas industry, the oil
industry, the coal industry, petrochemistry; electricity, energy
conservation and increased energy efficiency.
The 3rd of October marked the remarkable beginning of the
newly established partnership between CERBA and the Indian
Business Alliance in Moscow (IBA) with the official Memoran�
dum of Cooperation signing ceremony during the joint Back to
Business Reception at the Imperial Tailoring Co. � a VIP class
tailoring salon in Moscow. The Reception was also attended by
Shri Sundaramurthi Inbasekar, the Counsellor of Economic &
Commercial and Trade Department from the Embassy of India
in Moscow.
Memorandum of Cooperation was signed by Nathan Hunt,
Chairman of the CERBA Moscow Board, from the Canadian
side, and Sammy Kotwani, President of IBA, from the Indian side.
LOOKING BACK
PARTNER EVENT | THE
RUSSIAN ENERGY
WEEK: ENERGY
EFFICIENCY AND
ENERGY DEVELOPMENT
INTERNATIONAL FORUMOOCCTTOOBBEERR 33��77,, 22001177
JOINT CERBA & IBA
BACK TO BUSINESS
RECEPTIONOOCCTTOOBBEERR 33,, 22001177
NETWORKING EVENT
WITH THE LITHUANIAN
BUSINESS CLUBOOCCTTOOBBEERR 2255,, 22001177
PARTNER EVENT:
RUSSIATALK
INVESTMENT FORUM
BY RBCCNNOOVVEEMMBBEERR 22,, 22001177
Moment of Memorandum of Cooperation signingFrom left: Sammy Kotwani, President, IBA; Nathan Hunt, CERBAMoscow Chair; Shri Sundaramurthi Inbasekar, Counsellor ofEconomic & Commercial and Trade Department, Embassy of Indiain Moscow
His Royal Highness Prince Michael of Kent
Memorandumof Cooperation signingFrom left: Sammy Kotwani,President , IBA; Nathan Hunt,CERBA Moscow Chair
Olga Deputatova,Mezzo�soprano,Helikon�Opera Theater
42 / 2018 Volume I
The event was organized in partnership with leading wine dis�
tributors, Eurowine, Wine Express, and Kaudal who presented
various sorts of American wines they had in their portfolio. The
guests of the event also had an opportunity to enjoy deli�
catessen kindly provided by Kings Meat, Venta Grande, and
IKRA.ru, take part in masterclasses organized by Flower
Workshop and Mary Kay, listened to the musical performances
by Dan Rozin, "Moscow Broadway" musicals artist, and Olga
Siracheva, "Stage Entertainment" artist starring in the musicals
Mama Mia! and Singing in the Rain, and enjoy networking with
Canadian and American business and diplomatic elite.
Traditionally, the event was concluded with a raffle with a vari�
ety of prizes, kindly provided by American Institute of Business
and Economics (AIBEc), Pericles Center for International Legal
Education, Mars Travel, Metropol Hotel, Flower Workshop,
GMS Clinic, IKRA.ru, Kings Meat and Venta Grande.
On November 15, Schneider
Group invited CERBA mem�
bers to a Morning Tea ses�
sion, dedicated to the topic of automation of warehousing. Tea
Time is a new event format introduced by Schneider Group,
which means a semi�formal meeting with the limited number of
participants over a cup of tea, where people have a chance to
put their current issues to the experts so as to get some profes�
sional advice.
Schneider Group experts, Ljubomir Karadshow, IT/ERP Director
and Yuriy Zarya, Senior Application Architect covered topics of
automation of warehouse and distribution solutions, and
automation of data exchange between a 3PL warehouse and
ERP system (1C, SAP and other systems). At the end of the
seminar, the guests were asked to do a practical case study on
the discussed topics. The even concluded with the Question &
Answer session with professional feedback from Schneider
Group experts.
LOOKING BACK
2018 Volume I / 43
quarters in Moscow. The Forum's headline was "The Productivity
Challenge: How to Enhance Performance". CERBA members
who were interested in attending the event, enjoyed the same
privileges as RBCC members in the framework of the CERBA�
RBCC partnership.
Welcome words were delivered by His Royal Highness Prince
Michael of Kent (Patron of RBCC), Sergei Katyrin (President,
RF CCI), Roger Munnings (Chairman of the Board of Directors,
RBCC), Alexander Shokhin (President, Russian Union of Indus�
trialists and Entrepreneurs), and Jonathan Brenton (Minister�
Counselor, British Embassy to the RF).
All of the speakers emphasized the great potential of and need for
cooperation between Russian and foreign business, and that the
recent crisis brought not only challenges but also opened new
opportunities for international cooperation. The major lesson for
the business community was, in the words of H.R.H. Prince
Michael of Kent, to "learn from the past in order to go forward".
The event program consisted of the 3 consecutive roundtable
sessions: "Digital Revolution in the Financial Sector", "Tools to
improve productivity", and "How Russia is using domestic and
foreign experience to create leading products". The discussions
featured representatives of the top management of such distin�
guished companies as The World Bank, HSBC, Norilsk Nickel,
EY, and other prominent local and foreign companies.
The Forum was concluded with an evening reception hosted by
Her Britannic Majesty's Ambassador to the Russian Federation,
Dr. Laurie Bristow CMG, at her Moscow Residence.
On November 2, 2018, CERBA and AmCham held a joint net�
working and wine tasting event, which took place at the Allegro
Bar at the Renaissance Moscow Monarch Centre Hotel. The
wine tasting was devoted to US�produced wines to be found in
the Russian market.
The event started with welcoming remarks by Nathan Hunt,
Chairman of CERBA Moscow Board, Alexis Rodzianko, President
& CEO, AmCham Russia, and Armin Eberhard, General Manager
of Renaissance Moscow Monarch Centre Hotel.
After the welcome speeches, Bill Boerum, the President of
California Wine Services and the Chairman Emeritus of Sister
Cities International, delivered the keynote speech on the U.S.
wine industry in general, and invited guests to taste a selection
of California wines, including Lail Vineyards (St. Helena, Napa),
Sequoia Grove (Rutherford, Napa), MacRostie Winery &
Vineyards (Healdsburg, Sonoma County), Buena Vista Winery
(Sonoma).
LOOKING BACK
Welcoming words by Dr. Laurie Bristow CMG, RBCC HonoraryPresident, Her Majesty's Ambassador to the Russian Federation
From left: Armin Eberhard, General Director, Renaissance MoscowMonarch Centre Hotel; Alexis Rodzianko, President & CEO,AmCham Russia; and Nathan Hunt, CERBA Moscow Chair
Bill Boerum, the President of California Wine Services and theChairman Emeritus of Sister Cities International, offering guestswine degustation
Flower Workshop Representatives
Painting Masterclass
Bill Boerum, President of California Wine Services and theChairman Emeritus of Sister Cities International, delivering speechon wine industry
Olga Siracheva, "StageEntertainment" artist from themusicals Mama Mia! andSinging in the Rain
Dan Rozin, Artist from musicalsproduced by "MoscowBroadway"
Guests at the Residence
CERBA/AMCHAM
NETWORKING AND
WINE TASTING EVENTNNOOVVEEMMBBEERR 22,, 22001177
SEMINAR: MORNING
TEA � AUTOMATION OF
WAREHOUSING BY
SCHNEIDER GROUPNNOOVVEEMMBBEERR 1155,, 22001177
44 / 2018 Volume I
Antal Russia invited over 20 representatives of international and
local companies to participate and meet with potential candi�
dates and discuss vacancies currently open, or due to open in
the near future. Employers presented career opportunities in
their companies and held a session of one�to�one interviews
with potentially interested candidates.
The event was held as a "meet and greet" format, and provided
the companies with an opportunity to meet over 60 candidates
with fluent English and skills in administration, IT, marketing,
purchasing, travel & HR.
All candidates had previously been prescreened and given con�
sultative training, their CVs were brought up�to�date and addi�
tionally, every candidate had the opportunity to participate in a
professional Personal Profile Analysis which provides an accu�
rate insight into how people behave at work.
The Job Fair format was appreciated by both employers and job
seekers, and led to a number of job offers as a result.
During this outplacement project, Antal provided support to
more than 100 former U.S. Embassy employees in Moscow,
plus in two U.S. Consulates, in St. Petersburg and Vladivostok,
not only with this Job Fair but with training, personal career con�
sultations and personal analysis.
On November 30, CERBA and Polish Business Club organized
a seminar on "Import Substitution in Russia: First Results,
Consequences, and Expectations". The event took place at the
Polish Embassy in Moscow on November 30, and gathered
over 50 participants. The seminar started with the welcoming
words by Andrzej Karpiuk, Counselor, Head of Economic
Section of Polish Embassy and Aleksander Janeczek, President
of Polish Business Club in Moscow. Invited speakers, Vladimir
Salnikov, Member of the Working group of the Economic
Council under the President of the Russian Federation in the
field of "Industry and infrastructure policy", and Sergey Afontsev,
Doctor of the Economic Sciences, Advisor of Round table of
Industrialists of Russia and EU, delivered presentations on the
import substitution policy in Russia, discussed its first results
with the participants and gave their expert opinions on the devel�
opment prospects for key sectors of the Russian market.
Their speeches featured the Q&A session and ended with a net�
working session.
The VII International Forum "Arctic:
Today and the Future" was held on
December 4�6 in Saint�Petersburg with the support of the State
Commission for Arctic Development. The event was organized
by Interregional Public Organization "Association of Polar
Explorers" (ASPOL) in the form of discussion on key issues of
social and economic development of the Arctic zone of the
Russian Federation.
LOOKING BACK
2018 Volume I / 45
On the 15th of November, CERBA,
jointly with the AmCham Customs
and Transportation Committee,
held a joint meeting dedicated to
recent developments with regard to
Parallel Imports in Russia. The
event was moderated by AmCham
Customs & Transportation Commit�
tee Co�chair, Art Franczek (who is
also the President of the American
Institute of Business and Econo�
mics). The invited speaker was
Wilhelmina Shavshina of DLA
Piper, one of the leading customs
experts in Russia. One of the main
issues discussed was the trade�
mark registry developed by the EEU and how it is going to be used
to control parallel imports and the import of counterfeit goods. The
event received very positive feedback from participants, and we
are considering organizing a similar event in Spring 2018.
International Business Conference "InRussia" took place in
Lotte Hotel in Moscow on November 23. The objective of the
event was to provide a platform for business to address the
issues of international business cooperation, localization of pro�
duction and innovation development in Russia.
The event "InRussia" was orga�
nized by the Association of
Industrial Parks of Russia (AIP)
together with the Russian�
German Chamber of Commerce (AHK), and with the support of
many other foreign business associations such as the Japanese
Association ROTOBO, the Italian Association of industrialists
Confindustria, the Belgian�Russian Chamber of Commerce
CCBLR, Federation of the Italian Associations of Mechanical
and Engineering Industries ANIMA and others. CERBA was
also happy to support this important initiative, that provided our
members with the opportunity to get the firsthand information
about new trends in localization of production in Russia, as well
as get a general idea on the current developments in Russian
business environment, and expand their contact network by
meeting representatives of other foreign business communities
in Moscow.
Within the three panel sessions � "Make with Russia", "Supply In
Russia" and "Export from Russia" � top managers of leading
international companies operating in Russia, and Russian busi�
nessmen discussed a wide range of issues about trade, pro�
duction and creating new products in Russia. Among the partic�
ipants there were the representatives of international corpora�
tions and Russian businesses, heads of business associations
and leading expert organizations, government authorities and
regional development corporations, investment companies and
financial institutions.
The Job Fair was held on November 23rd
2017 in Antal's Moscow office as a part of an
outplacement project for former employees
of the American Embassy in Russia.
LOOKING BACK
JOINT CERBA � AMCHAM
SEMINAR ON CUSTOMS
AND TRANSPORTATION NNOOVVEEMMBBEERR 1155,, 22001177
PARTNER EVENT:
INRUSSIA � INTERNA�
TIONAL BUSINESS CON�
FERENCE
From left: Ksenia Sizova (Senior Lawyer, PhD, DLA Piper)andWilhelmina Shavshina (Legal Director, Head of Customs andForeign Trade Regulation Practice, PhD, DLA Piper)
Plenary Session "Make with Russia"From left: Yukihiko Okumura, General Director, Mitsubishi HeavyIndustries RUS; Maxim Avdeev, Deputy Chairman, Government of theYaroslavl Region; Denis Zhuravsky, Association of Industrial Parks,CEO / Head of GR Syngenta Russia (Moderator); Vasiliy Osmakov,Deputy Minister of Industry and Trade of the Russian Federation;Matthias Schepp, Chairman of the Board, Russian�German Chamberof Commerce; Niels Hessmann, General Director, Bayer AG ; JensDallendoerfer, Senior Managing Director, WILO Rus
Luc Jones, Partner, Commercial Director, and Natalia Kulkova, HRDirector, Antal Russia
From left: Aleksander Janeczek, President of the Board, PolishBusiness Club in Moscow; Katarzyna Rzodziszska, ManagingDirector, Polish Club; Ruslan Ilyasov, Development Director, DAKOProfessional Team
Redouane Mekideche, Counsellor and Trade Commissioner,Embassy of Canada in Moscow
Art Franczek,AmCham Customs &Transportation CommitteeCo�chair
NNOOVVEEMMBBEERR 2233,, 22001177
MEMBER EVENT: ANTAL
RUSSIA JOB FAIRNNOOVVEEMMBBEERR 2233,, 22001177
SEMINAR: IMPORT SUB�
STITUTION IN RUSSIA BY
POLISH BUSINESS CLUB/
CERBANNOOVVEEMMBBEERR 3300,, 22001177
PARTNER EVENT:
ARCTIC�TODAY AND THE
FUTURE, DECEMBER 4�6,
ST�PETERSBURGDDEECCEEMMBBEERR 44��66,, 22001177
46 / 2018 Volume I
On December 5, the legendary Yar Restaurant opened its doors
to the 16th CERBA Annual Charity Auction with Vladislav
Tretiak, held by CERBA jointly with V. Tretiak Charitable Foun�
dation. CERBA Charity Auction has been organized in Moscow
every year since 2002 to raise money to help orphans, improve
schools, sporting facilities and provide equipment to hospitals in
various Russian regions like Ulyanovsk, Saratov, Irkutsk and the
North of Russia. The event is an evening of fun and entertain�
ment, attended by the business elite of Canada and Russia, as
well as media representatives, famous sportsmen, artists and
other prominent public figures. Since its inception, the auction
had always enjoyed the personal support of the world�famous
Hockey Legend, the best goaltender of all time and the
President of the Ice Hockey Federation of Russia VLADISLAV
TRETIAK.
This year, the event received the strong support from the
Russian, Canadian and international business communities,
and was attended by more than 250 businessmen, civil ser�
vants, diplomats, and well�known cultural and public figures
from the Russian and Canadian sides.
The festive evening featured a spectacular entertainment pro�
gram, live auction, silent auction with lots ranging from art and
fashion items to jewelry and elite alcohol, and charity lottery.
LOOKING BACK
2018 Volume I / 47
In addition to the forum itself, the participants had a chance the
exhibition devoted to modern technological solutions available
to aid companies in their development of the Arctic region. Both
Russian state corporations and private companies presented
the newest technological solutions they use in their development
of the Arctic zone of the Russian Federation. The exhibition also
had an Arctic cultural and historical heritage component, sup�
ported by authentic culture exhibits by the indigenous people of
the Russian North and Far East.
Two�day forum program included over 30 discussions and spe�
cial events, dedicated to the issue of future Arctic development.
We are happy to report that CERBA was represented at the
forum on the highest level � Gilles Breton, CERBA National
Chairman and the Co�Chair of Russia Canada Business
Council, took an active part in the general forum program. He
also delivered the presentation on the topic "Sustainable
Development in the Arctic: Common Challenges and Solutions"
at the Session on International Cooperation in the Arctic, held on
December 4 as a part of plenary discussion.
In his speech, Mr. Breton emphasized the importance coopera�
tion between Canada and Russia with regard to further devel�
opment of the Arctic region, considering the common chal�
lenges faced by Canada and Russia in the Arctic, and the gen�
eral need for improving bilateral relations. He also pointed that
the involvement of national governments was crucial in creating
the conditions for bilateral interaction in the early stages, but, in
the current stage, it is crucial for the private sector to take over
the lead role and to do so following the principle of sustainable
development. Mr. Breton also mentioned several Canadian
companies involved in the arctic region as an example, including
Kinross Gold, SNC�Lavalin, Viking Air, and BRP.
Finally, Mr. Breton emphasized that CERBA has long become a
forum of choice for dialogue between Canada and Russia in
connection with the Arctic and the North, and is committed to
continue providing a platform for facilitation of the Canada�
Russia Artic Dialog, and bilateral business relations in general.
LOOKING BACK
CERBA 16TH ANNUAL
CHARITY AUCTION WITH
VLADISLAV TRETIAKDDEECCEEMMBBEERR 55,, 22001177
At the Arctic Forum Exhibition
Gilles Breton, National Chairman of CERBA
Charming Interiors of the Yar Restaurant
Vladislav Tretiak, President, Ice Hockey Federation of Russia (left),and Nikolay Valuev, Former Professional Boxer and Two�Time WBAHeavyweight Champion, Currently the Russian State Duma Deputy(right)
Vladislav Tretiak, President, Ice Hockey Federation of Russia; VeraTerekhova, Director, V. Tretiak Charitable Foundation; Nathan Hunt,CERBA Moscow Chair
Plenary Session on the topic of International Cooperation in the Arctic
48 / 2018 Volume I
The evening featured greeting speeches by Nathan Hunt,
Chairman of the CERBA Moscow Board, and Marianna Seabra,
Sales and Marketing Director of the Mamaison Hotel.
Stanislav Borodyuk, Vice President and Head of Moscow
Representative Office of Kinross Gold Corporation, and
Svetlana Bobrovich, Head of the Moscow Office of Barrick Gold,
also greeted the guests on behalf of their companies � sponsors
of the event.
The guests enjoyed the traditionally friendly and festive atmos�
phere of the CERBA Christmas party, beautiful interiors and
delicious food of Mamaison All�Suites Spa Hotel Pokrovka,
including tasty Czech cuisine and authentic Czech beer,
canapes and fine wines. Thanks to the courtesy of our partner
Opera Yard, our guests also had an opportunity to listen to the
wonderful music masterfully performed by a well�known jazz
music band. As always, the event concluded with CERBA
Christmas raffle lottery featuring a variety of great prizes. In
total, this time we had over 150 attendees, representing mem�
ber�companies and our numerous partners including govern�
ment, public and educational institutions. In the end, the event
came out as one of the most successful CERBA social events
in 2017, providing CERBA members with great opportunity to
make new contacts, as well as to reaffirm and strengthen the
existing partnerships and connections.
We would like to express our sincere gratitude to sponsors of the
event: Kinross Gold, Barrick Gold, and Mamaison All�Suites
Spa Hotel Pokrovka.
We also appreciate the support of contributors to our Christmas
lottery: Gowling WLG, InterContinental Moscow Tverskaya,
Renaissance Moscow Monarch Centre Hotel, Lotte Hotel,
Marriott Moscow Novy Arbat, V. Tretiak Charitable Foundation
and Venta Grande.
On December 15�16 in Moscow CERBA and the Russian
Association for Canadian Studies (RACS) jointly organized the
LOOKING BACK
2018 Volume I / 49
This year's live auction lots included the most special and
unique items: Commemorative Ring, created for the 45th an�
niversary of The Super Series USSR � Canada 1972, made of
14 Ct gold, decorated with enamel, diamonds, sapphires,
rubies, Hockey Jerseys of the Canadian and the Soviet Union
National Teams decorated with autographs of legendary
Canadian and Soviet hockey players, participants of the Super
Series 72, the Painting of Honored Artist of Russia Nikas Safro�
nov, hand painted Goalie Helmet, made in a single copy spe�
cially for Vladislav Tretiak, and many other unique items.
Thanks to the strong support this initiative has received both
from Russian and Canadian business circles, this year we were
able not only to keep up with the high standards set by our pre�
vious charity events, but actually to surpass the previous results
and set a new record by raising an unprecedented amount of
over $300,000 USD!
We would like to say a special thank you to all CERBA members
who provide constant and wholehearted support for this impor�
tant charity initiative: Clark Bailey (EuroChem), Nathan Hunt
(Chisholm), Stanislav Borodyuk (Kinross Gold), John Schreiner
(IMAX), Madina Assylbekova and David Aylen (Gowling WLG),
and many other members of CERBA and Canadian business
community.
We would also like to express our sincere gratitude to the cor�
porate sponsors of the event � Aktis Stroy and En+ Group.
Finally we would like to thank contributors to our charity lottery:
Lotte Hotel, Marriott Aurora, Renaissance Monarch Moscow,
Mamaison Pokrovka, InterContinental Moscow Tverskaya,
Kings Meat, Venta Grande.
We very much appreciate your support and hope for your active
participation in our future charity initiatives!
The end of 2017 year was celebrated by Moscow chapter mem�
bers, associates, and business partners, in the traditional format
of Annual Christmas Cocktail. The reception was held on 12th
of December at CERBA Partner Hotel � Mamaison All�Suites
Spa Hotel Pokrovka.
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CERBA MOSCOW
ANNUAL CHRISTMAS
COCKTAILDDEECCEEMMBBEERR 1122,, 22001177
RACS�CERBA
CONFERENCE
"RUSSIAN�CANADIAN
RELATIONS: FROM
ECONOMICS TO
CULTURE"DDEECCEEMMBBEERR 1155��1166,, 22001177
Nathan Hunt, CERBA Moscow Chair, delivering greeting speech
Diana Potokina (right), Producer, Opera Yard, receiving a lotteryprize from Nathan Hunt (left), CERBA Moscow Chair
Stanislav Borodyuk, Vice President and Head of MoscowRepresentative Office, Kinross Gold Corporation
Svetlana Bobrovich, Head of the Moscow Representative Office,Barrick Gold
50 / 2018 Volume I 2018 Volume I / 51
LOOKING BACK
14th International RACS Conference on Russian�Canadian
Relations, which took place in the Conference Hall of the
Institute for the U.S. and Canadian Studies of Russian Academy
of Sciences (ISKRAN).
The Conference was dedicated to the
150th Anniversary of the Canadian
Confederation, and to the 50th Anni�
versary of ISKRAN.
The Conference was divided into two
sessions, held consecutively on De�
cember 15 and December 16.
The first part of the Conference was
devoted to economic, political and busi�
ness themes in Russian�Canadian relations, including Northern
and Arctic issues.
The opening of the International Conference started off with the
welcoming words of Nathan Hunt, CERBA Moscow Board
Chairman; Dr. Georgy Borisenko, Head of the Ministry's North
America Department, Ministry of Foreign Affairs of Russia; Dr.
Sergey Rogov, Academic Director of the ISKRAN; H.E. John R.
Kur, Ambassador of Canada to the Russian Federation; Dr.
Valery Garbuzov, Director of the ISKRAN and Dr. Tatyana
Kuzmina, President of RACS, Leading Researcher, Head of the
Centre for Development and Innovations of ISKRAN, RACS.
During the presentations that followed, speakers covered a wide
range of issues from history and politics to Arctic development
and environmental protection. The following presentations were
delivered: "Russia and Canada in the Context of the New World
Order" by T. Kuzmina, President, RACS, "The Formation of the
Canadian Confederation and the Milestones of its History: View
from Russia" by Y. Akimov, Chair of the Advisory Board of
RACS Branch in St. Petersburg, "Economic Relations Between
the USSR and Canada During the Period of Detente in the
1970s (In the Assessments of Soviet Experts and Bureaucracy)"
by I. Aggeeva, Senior Researcher, Institute of World History,
"Global Transformations and Russian�Canadian Relations" by
L. Nemova, Institute of USA and Canada Studies, "Russian�
Canadian Cooperation in the Arctic: Issues and Opportunities"
by A. Demchuk, Associate Professor, Moscow State University;
"Russian Factor in Arctic Policy of J. Trudeau's Government" by
D. Volodin, Head of Canadian Department ISKRAN, "Russian�
Сanadian Сooperation in the Field of Education " by E. Isaeva,
Professor, Russian State University For the Humanities, and
many other presentations.
The first day of the Conference ended up with the networking
reception kindly provided for the conference participants by the
Embassy of Canada in Moscow.
The program of the second day was devoted to scientific coop�
eration and to social and cultural components of the Russia�
Canada relations, comparing existing practices of both coun�
tries. The event concluded with the plenary session summariz�
ing the results of the conference and recommendations on the
ways to facilitate and strengthen cooperation between Russia
and Canada in all aspects. The event provided the unique op�
portunity for both sides to share their views on the current state
of Canada�Russia relations and discuss the ways to work
together to further strengthen and improve the bilateral cooper�
ation on major issues of concern.
LOOKING BACK
From left: Nathan Hunt, CERBA Moscow Chair; Georgy Borisenko,Head of the North American Department, Ministry of Foreign Affairs ofRussia; Sergey Rogov, Academician of RAS, Scientific Chief ofInstitute of US and Canada RAS, Honorary President of RACS; H.E.John R. Kur, Ambassador of Canada to the RF;Valery Garbuzov,Director of the Institute of US and Canada RAS; Tatyana Kuzmina,Ph.D., President of RACS, Leading Researcher, Head of the Centre forDevelopment and Innovations of the Institute of US and Canada RAS