While IT brain drain is not new in Russia, the trend has accelerated dramatically in 2022 following Russia’s war on Ukraine, the subsequent international sanctions and new waves of political repression across the country. Speaking at the Russian parliament on December 20, digitalization minister Maksut Shadaev provided his estimate of the number of IT professionals … 100,000 IT professionals left Russia this year, minister acknowledges Read More Read more ›
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Russia saw Wednesday its first IPO since the war in Ukraine began with local kicksharing service Whoosh raising 2.1 billion rubles ($32.6 million at the current exchange rate) on the Moscow exchange. The IPO valued the company at 20.6 billion rubles ($320 million). This is a very honorable performance for a Russian startup launched in … Kicksharing service Whoosh completes Russia’s first IPO of the year Read More Read more ›
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Russia has blocked an average of 4,900 websites per week so far in 2022, according to an internet freedom NGO’s tally published by the Kommersant business daily Monday. According to the NGO, Roskomsvoboda, authorities restricted 14,800 websites last week alone — the highest total in a single week in several years. While it did not name potential … 640,000 websites are currently blocked in Russia, reports NGO Read More Read more ›
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Service offers to release Russian investors’ assets blocked on international crypto exchanges are springing up in the darknet, reports Russian business daily Kommersant. Among the methods used are the transfer of the funds to an unblocked account, the renewal of accounts submitting fake KYC information, etc. The cost of such services may vary between 35% and … Russian investors seek assistance in darknet to recover blocked crypto assets Read More Read more ›
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Former finance minister Alexei Kudrin, once a leading reformist in President Vladimir Putin’s inner circle, is leaving public service to go into business. He is set to take charge of Yandex, Russia’s leading digital company. The transformation of a senior official into a businessman appears to be one of those common attempts to convert political … Alexei Kudrin leaves public office to take top role at new look Yandex Read... Read more ›
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Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, considers leaving its home market amid the international and domestic tensions that have followed Russia’s attack on Ukraine on Feb. 24. Yesterday the Financial Times reported that Yandex’s holding company, which is registered in the Netherlands, is seeking to sell … Yandex could dismantle itself to survive amid domestic and international pressure Read More Read more ›
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Russian software developers have submitted early versions of homemade alternatives to Instagram, TikTok and Zoom, the RBC news website reported Thursday. Instagram was blocked by Russian authorities following the invasion of Ukraine, while TikTok and Zoom restricted their services within the country. The proposed domestic platforms — Looky, Sunlight Play and Dion — are part of the … Russia eyes domestic alternatives to Instagram, TikTok, Zoom Read More Read more ›
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In the first nine months of 2022 Wildberries saw turnover increase 95% year on year to over RUB1 trillion (around $16.5bn). The online retailer has enjoyed a wildly successful couple of years, it now dominates the Russian market and is almost twice the size of its closest competitor. Indeed, while it may not be a household name in the West, Wildberries … Is the Kremlin betting on Wildberries to consolidate... Read more ›
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Yesterday Immigram, a UK-based but Russian-founded tech immigration platform, opted out from the Slush competition, just a couple of days after winning the first prize. Almost simultaneously, Slush formally revoked the win “in light of new information on the extent of [Immigram’s] operations in Russia.” The attribution of the Slush prize to a Russian-founded startup had shocked a number of … Slush revokes $1 million prize from Russian founded-startup after... Read more ›
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Skolkovo, the top tech hub on the outskirts of Moscow, announced the opening of a representative office in New Delhi, India, as of Nov. 15. The office will help Indian companies and Skolkovo startups develop cooperation, promote Skolkovo’s international services, organize visits, business events, consultations, as well as educational and research programs. It will work … Skolkovo opens representative office in India Read More Read more ›
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In mid-September, the Ukrainian hacker group Hdr0 attacked the website of Mosoblenergo, a Russian state energy service provider. The hackers put on the home page a picture of Oleksiy Danilov, a high-ranking Ukrainian defense official, walking on the Red Square while the Kremlin was on fire. The hackers also obtained the database of company employees. … Ukrainian hacker group Hdr0: “We aim to destroy Russian supply lines so that Russians... Read more ›
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The Council of the European Union has announced new sanctions against Russia on the backdrop of the deepening military conflict in Ukraine. The new measures include a full ban on the provision of wallet, account, or custody services for crypto assets to Russian persons and residents. The measure will apply regardless of the value of these assets, according to … EU bans crypto services for Russians in new sanctions over... Read more ›
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A joke on social media proposing that Czechs seize the Russian exclave of Kaliningrad has gone viral, sparking mirth as well as anger from those taking it as real. “Time to split Kaliningrad so that our Czech brothers have access to the sea,” a Pole identifying himself as “Papiez internetu” (pope of the internet) tweeted … Social media joke about annexing Kaliningrad goes viral Read More Read more ›
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When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups. Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital has followed. But as one might expect, geopolitics … Where’s funding going in former Soviet states? Not Russia Read More Read more ›
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The international acceptance of MIR, Russia’s answer to Visa and Mastercard, shrunk dramatically last week as major banks from Armenia, Kazakhstan, Tajikistan, Turkey, Uzbekistan and Vietnam announced the suspension of such transactions. These announcements came soon after the US authorities warned banks outside the US that supporting MIR transactions could expose them to the risk … Banks from six countries suspend Russia’s MIR cards amid US pressure and Ukrainian hacker... Read more ›
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President Vladimir Putin on Monday granted Russian citizenship to U.S. whistleblower Edward Snowden, who exposed massive surveillance by the U.S. National Security Agency and was granted refuge by Moscow. A presidential decree published Monday included Edward Joseph Snowden born June 21, 1983, on a list of newly-minted Russian citizens, at a time when relations between … Putin grants Edward Snowden Russian citizenship Read More Read more ›
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The Central Bank of Russia (CBR) and the Ministry of Finance (Minfin) have adopted a joint position on the regulation of crypto mining. The bitcoin-related activity has been expanding in the energy-rich nation, both as a profitable industry and as a source of additional income for many Russians. Anatoly Aksakov, chair of the parliamentary Financial Market … Bank of Russia, finance ministry agree on crypto mining regulation, law expected soon... Read more ›
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According to Mediascope data (cited by Kommersant), Russians spent more time on YouTube in the first six months of 2022 than previously. They spent on average about 84 minutes per day on the site in this period, then 87 minutes in July and 88 minutes in August. Among the reasons for this trend could be news fatigue and a desire for … YouTube used increasingly in Russia mainly for entertainment... Read more ›
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Russian kicksharing service Whoosh intends to go public on the Moscow Exchange this or next year, unnamed sources told Forbes Russia and Reuters last week. Under plans, the e-scooter company could raise 10 billion roubles ($167 million at the current exchange rate) at a valuation of around 40 billion roubles ($666 million), Reuters learned. A Whoosh spokesperson told Reuters: “Like … Top Russian e-scooter service aims to raise $167 million... Read more ›
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Lagging behind the world in the development of microelectronics for 15 years, Russia critically depends on foreign technologies in the design and production of relevant products, the authorities concede as the sanctions have made further development even more challenging. The main issues of Russia’s microelectronics industry are listed in a draft policy document about industry development … Russian microelectronics lags behind the world by 15 years Read More Read more ›
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Most popular sources
Business Insider
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30% 4 |
Wired
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9% 6 |
The Verge
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8% 0 |
Tech Wire Asia
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6% 5 |
Gizmodo
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6% 0 |
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27.11.2024 03:40
Last update: 03:35 EDT.
News rating updated: 10:31.
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