In late August Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on the foreign exchange market, released a survey about the local investor sentiment regarding cryptocurrencies. The survey was conducted from Aug. 4 to Aug. 24, 2021 among 502 respondents. Nearly 77% of them said that cryptocurrencies such as Bitcoin, Ether and … Survey: 77% of Russian investors prefer Bitcoin to gold and forex Read More Read more ›
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Western media news websites are being hijacked by pro-Russian trolls to spread propaganda and disinformation supporting the Kremlin, according to research published by a British university on Monday. The Crime and Research Security Institute at Cardiff University said it had unearthed evidence from 32 major news outlets in 16 countries that have been targeted via … UK research: Russian trolls target Western media Read More Read more ›
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Sber, the state-controlled financial and digital giant, considers having some of its digital subsidiaries listed, stated Sber President Herman Gref last week on the sidelines of the Eastern Economic Forum, reiterating previous statements. The placement, however, would not take place before 2023, news agency Interfax reported Gref as saying. Sber’s digital ecosystem includes a myriad of companies in the … Sber considers listing digital subsidiaries in a few years Read... Read more ›
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In mid-July 2021, Russian company L-Charge unveiled the most powerful electric vehicle charger in the world. This mobile charging station can fully charge your Tesla or Porsche Taycan in just eight minutes and do so while you’re at home, at the office or even stuck in the middle of the road! Before the end of the year, … The world’s most powerful mobile charger for electric vehicle is made in... Read more ›
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Russia said Thursday that Google and Apple’s refusal to remove jailed Kremlin critic Alexei Navalny’s app ahead of elections could be seen as interference in the country’s domestic affairs. The country is holding parliamentary elections later this month, with nearly all vocal Kremlin critics including Navalny’s allies barred from running. Roskomnadzor, the Internet and telecom … Russia accuses Apple, Google of election interference Read More Read more ›
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Earlier this week Chainalyis published the key findings of their 2021 Geography of Cryptocurrency report. According to this research, Eastern Europe is severely affected by illicit cryptocurrency-related activity. In relative terms, the region is second after Africa in terms of exposure — but its overall crypto economy is much larger than that of Africa. The key findings of this … Report: Eastern Europe strikingly affected by crypto scams Read More Read more ›
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Russia’s earnings from tech exports have jumped more than threefold over the last two years, according to a new report from Moscow’s Higher School of Economics (HSE). The export sales of scientific and technology services and IP-protected products reached $4.5 billion in 2020 — up 30% from 2019, three times more than in 2018, and fifteen to twenty … Russian tech exports up threefold since 2018 Read More Read more ›
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Dostavista, now rebranded to Borzo, has completed an impressive Series C round, raising $35 million from bevy of major international investors. (The RDIF communicated about the deal in June.) This international delivery service operating with Russian roots has been backed by Mubadala, the Emirati sovereign wealth fund; its Russian peer RDIF; VNV Global, a major Swedish investment … Delivery service Dostavista raises $35 million from top investors, rebrands to ‘Borzo’... Read more ›
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Nexters, one of the most successful Russian-founded game development companies, announced today its merger with special-purpose acquisition company (SPAC) Kismet — becoming a NASDAQ-listed company under the new ticker symbols “GDEV” (ordinary shares) and “GDEVW” (warrants). The Kismet SPAC which just merged with Nexters closed its $250 million NASDAQ IPO in August 2020. It signed a … A SPAC with Russian flavors: Nexters and Kismet complete business combination Read More Read more ›
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In the latest move of a long saga, a Moscow court fined yesterday three US digital companies for violating the country’s personal data storage legislation. Facebook and Twitter were fined 15 million rubles (some $200,000 at the current exchange rate) and 17 million rubles ($230,000), respectively, for repeat infractions, while WhatsApp will have to pay 4 million … Russia imposes record fines on Western digital giants for violating personal data... Read more ›
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Tinkoff has been recognised for its innovative banking solutions as the Most Innovative Digital Bank in Central and Eastern Europe at Global Finance magazine’s 2021 World’s Best Digital Banks awards. In 2020, Tinkoff unveiled its AI Banking strategy that aims to transform its customer offering through personalisation with the help of artificial intelligence across all products … Tinkoff named most innovative digital bank in Central and Eastern Europe at World’s... Read more ›
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Yandex, the NASDAQ-listed Russian digital giant, yesterday announced the launch of its express grocery delivery service in Paris. “Leveraging its own advanced technologies and backed by its unique and vast expertise and experience in the e-grocery market. Yango Deli has started operating with four warehouses (also known as ‘dark stores’), which will cover approximately 1 million … Yandex launches grocery delivery service in Paris Read More Read more ›
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After Ozon, Sber, Yandex and Auchan, a new big capital injection was announced earlier this week in the Russia e-commerce space. AliExpress Russia, the cross-border e-commerce leader and a major player on the domestic market, will receive $60 million from Mail.ru Group, one of its shareholders. The fresh funding will support AliExpress Russia’s “ongoing active expansion into the local market [as … MegaFon exits AliExpress Russia, Mail.Ru injects $60 million... Read more ›
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In its July 2021 “Coordinated Inauthentic Behavior Report,” Facebook announced that it banned 63 Facebook accounts and 243 Instagram accounts for spreading disinformation about Western coronavirus vaccines. The flagged content included various memes about the supposed dangers of COVID-19 shots, especially AstraZeneca, and numerous comments posted elsewhere in English, Hindi, Spanish, and Portuguese. The disinformation … Facebook report: Russian groups spread disinformation about Western covid vaccines Read Read more ›
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Aviasales.ru, a leading search engine for flights and hotel bookings, has attracted $43 million from Elbrus Capital and iTech Capital, two PE/VC firms with Russian roots. The latter had already invested $10 million in the company seven years ago, in 2014. The latest capital injection — which is sizable by Russian standards — will help the company launch new … Aviasales.ru secures $43 million from Elbrus Capital and iTech Capital... Read more ›
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More than two and a half years after the arrest of Michael Calvey — the founder of Baring Vostok, a top PE/VC investor in Russia — this most symbolic legal cases came to an end this past Friday. Unsurprisingly, American Michael Calvey, French Philippe Delpal and their Russian colleagues were found guilty. The Baring Vostok … Russian court finds Baring Vostok’s top managers guilty of embezzlement, Calvey and Delpal receive... Read more ›
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Academy of Changes (Академия перемен), a Russian edtech platform intended for women, has closed a 242 million ruble ($3.3 million) round of funding, some 18 months after inception early last year. The funding was provided by TMT Investments, a London-based fund with Russian connections, and by the corporate fund of MTS, the Russian mobile major … Russian startup develops women’s learning platform, raises $3.3 million to go global Read More Read more ›
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The Russian company Cognitive Pilot intends to introduce its agricultural drones to the US market. To this end, it has registered a subsidiary, ‘Cognitive Pilot Corp.,’ in Texas, reports Vedomosti. Cognitive Pilot CEO Olga Uskova said the flying engines will initially be sold in Kansas, Ohio, Oklahoma and Texas, where no license is required for them, as well as … Russian Cognitive Pilot aims to sell 2,000 agricultural drones in... Read more ›
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In the first half of this year Sber, the state-controlled financial and digital giant (previously known as Sberbank), invested some 73 billion rubles (around $1 billion) in its digital ecosystem, a company representative told business daily Vedomosti. These investments account for 11.5% of Sber’s net profit for H1 2021 (630 billion rubles). Sber’s investments in this field are accelerating dramatically: … Sber and Yandex inject piles of rubles in digital... Read more ›
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MTS, a leading mobile operator and provider of digital services and content, has acquired a 51% stake in blockchain-based trade finance platform Factorin. The two year-old company touts itself as “the biggest factoring platform in Russia andone of the leading B2B blockchain systems for trade finance in the world.” Founded by Andrei Maklin with support from venture builder Digital Horizon — … Russian mobile major MTS acquires blockchain trade finance... Read more ›
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27.11.2024 09:42
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