As Western powers could restrict supplies of IT equipment and support as part of potential sanctions against Russia, Sber is preparing for all scenarios. Last week, as reported by Kommersant, the state-controlled financial giant conducted technical exercises simulating the interruption of technical support from Microsoft, Nvidia, SAP, VMware and other companies. In a bid to gain more … How Russian customers of Western IT equipment prepare for potential sanctions Read... Read more ›
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On Monday, Jan. 31, a Moscow court rejected Booking.com’s appeal against a 1.3 billion ruble fine ($17 million at the current exchange rate) in relation with alleged violation of the antimonopoly legislation. While expressing its “disappointment” with the ruling, Booking.com said it intends to pay the fine. The company does not rule out “further legal … Booking.com to pay 1.3 billion ruble fine over abuse of dominant position Read More Read more ›
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On March 3, 2022, Moscow will host the nation-wide business forum “Smart City & Region: Digital Technologies on the way to Smart Country.” The event will be held offline, with the possibility of participating in online broadcast. This event aims to establish an open and trusting dialogue between government authorities and business; assess the situation and forecast its development; formulate specific proposals that can be used … New approaches to... Read more ›
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Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming … The Eastern European paradox: How a troubled region generated unicorns and decacorns in 2021,... Read more ›
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Last week Nexters — a Russian-founded gaming company which went public on the Nasdaq last summer by merging with a SPAC — announced a series of acquisition and investment deals. With a total upfront investment of around $100 million, Nexters will take control of three game studios: RJ Games (Russia), a puzzle RPG major and the publisher of Puzzle Breakers; Royal Ark (Russia), … Nexters acquires gaming studios, Rostelecom eyes... Read more ›
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Just eight months after launch, a startup called Vitobox — which offers personalized combinations of vitamins and nutritional supplements — has just raised 107 million rubles ($1.4 million) at a $14 million valuation. The funding will go, in particular, to international expansion: the startup plans to launch pilots later this year in Kazakhtan, the UAE, … Russian startup bets on AI to sell vitamins online and expand globally Read More Read more ›
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Irkutskenergosbyt, the main utility company in Irkutsk, Siberia, is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in local electricity consumption. In total, the company has filed 137 lawsuits against customers who set up mining facilities in basements and garages. The company says these home miners are engaged in entrepreneurial … Siberian utility filed 137 lawsuits over crypto miners using cheap power... Read more ›
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Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of unprecedented sanctions aimed at deterring President Vladimir Putin from ordering an invasion of Ukraine, there’s one measure in particular that appears to strike fear at the heart of the Kremlin: cutting the country off from the global banking system. US lawmakers have suggested … Finance vs. tanks: Why SWIFT might be the weapon Russia... Read more ›
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While advocating a ban on crypto exchange, investment and mining in the country, Russia’s central bank has plans to launch its own digital currency. Having completed the prototype of the digital ruble platform in December, the monetary authority is now beginning to experiment with transactions. A dozen banks have been invited to join the first stage of … Russian banks begin testing digital ruble payments Read More Read more ›
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Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of unprecedented sanctions aimed at deterring President Vladimir Putin from ordering an invasion of Ukraine, there’s one measure in particular that appears to strike fear at the heart of the Kremlin: cutting the country off from the global banking system. US lawmakers have suggested … Finance vs. tanks: Why SWIFT might be the weapon Russia... Read more ›
0
Wildberries has just launched its first financial product — a virtual debit card that allows its customers to make purchases on the marketplace with a 2% discount. The news was reported earlier this week by RB.RU, which cited the company’s press service. Only users with a Wildberries account can get this card, dubbed ‘WB Card,’ at no … Russia’s e-commerce leader Wildberries bought a bank to launch virtual debit card... Read more ›
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IXcellerate, one of the most established data center company in Russia, has raised approximately some $190 million. The round — the largest ever in this field in the country — was led by sovereign wealth fund Mubadala (UAE) with participation from its Russian peer RDIF, SberInvest, and iXcellerate’s existing investors. The company says it will use the proceeds … Russian data center major IXcellerate attracts $190 million from Mubadala, RDIF... Read more ›
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While many internationally-oriented Russian startups move to Silicon Valley, or to such European alternatives as Berlin, London or Riga, Branquad chose another destination. This Russian digital commerce startup recently landed in Lille, a large, tech-friendly city in the North of France. Not only does the Brandquad case provide yet another international example of a Russian … From Moscow to Lille, France: This startup changes the way retailers fill product cards... Read more ›
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Russia’s central bank proposed today to ban cryptocurrency investment and mining as governments around the world crack down on the decentralized currencies, citing threats to monetary stability. At the moment, conducting transactions with cryptocurrencies is illegal in Russia, but investing and buying crypto through exchanges is permitted under a recent change. Russian citizens’ transactions using decentralized cryptocurrencies amount to … Russia’s central bank proposes to ban crypto trading and mining... Read more ›
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Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has reached a settlement with the Federal Antimonopoly Service of Russia (FAS) and a consortium of Russian Internet companies in connection with an antitrust claim brought against Yandex. The claim related … Yandex announces settlement of anti-monopoly claims Read More Read more ›
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Yandex announced almost simultaneously — yesterday and today — two acquisitions. The NASDAQ-listed Russian digital giant is absorbing BandLink, a service for musicians, podcasters and labels to create micro sites. BandLink helps them “promote new releases or concerts, generate personalized links for social media and analyze audience preferences,” according to company statements cited by the TASS news … Yandex wants make online marketing tools more accessible to musicians and small... Read more ›
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Far from their native countries, Russian-speaking entrepreneurs are thriving in the world’s major tech hotspots — from Silicon Valley, to Western Europe, South East Asia, to Latin America. These entrepreneurs have colonized the world’s best accelerators, including such ones as Y Combinator, 500 Startups and Techstars. Russian-speaking entrepreneurs reportedly accounted for 40% of Alchemist’s latest … Russian tech entrepreneurs on the rise: Forbes identifies 10 “future unicorns” Read More Read more ›
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Just a year after its previous round, Russian edtech startup Kodland secured $9 million in a Series A funding round. As reported by TechCrunch, the round was led by Redseed, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky, a partner at I2BF who took part in the December 2020 round. All these investors have roots in Russia, excepted Flyer One whose team … Kodland raises $9... Read more ›
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Miro, a Californian enterprise software publisher with Russian roots, announced yesterday a $400 million Series C round. The deal brought the company — known as RealtimeBoard when it was founded in Perm, Russia, in 2011 — to an astounding $17.5 billion post-money valuation. Several other unicorns founded or co-founded by Russian entrepreneurs emerged on the global tech scene over the past years — from Badoo, to Personio, to Veeam Software,... Read more ›
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In mid-december VK Company, the top Russian Internet group previously known as Mail.ru Group, appointed Vladimir Kiriyenko, the son of a top Kremlin official, as its new chief executive. The LSE-listed group controls Russia’s top social networks (VKontakte and OK) and a variety of other internet businesses. The move followed the takeover of VK by companies affiliated … Meet Vladimir Kiriyenko, the new CEO of Russia’s top Internet group VK... 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
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