As of September 9, 2012, Russian and American travelers for business or tourism will be eligible to receive visas valid for multiple entries during a period of 36 months. The agreement eases visa processing time for travelers from both countries (under 15 days in most cases), and the U.S. will be reducing the reciprocity fee for Russian issued visas (B-1 and B-2) from $100 to $20.  No formal invitation will be required to apply for a business or tourism visa, although applicants seeking Russian tourist visas must continue to hold advance lodging reservations and arrangements with a tour operator. For Americans in Russia, the agreement lifts the previous restriction limiting stays in Russia to 90 days within any given 180-day period—just like Russian travelers, they will now be permitted stays of up to six months. In addition, “exit visas” will no longer be necessary in the case of U.S. citizens who lose their passports while in Russia. To read more click here.