Notion Capital and Runa Capital team up to back French IT development tool provider

November 30, 2019

As reported last week, Runa Capital, an international VC firm with Russian roots, has teamed up with UK-based Notion capital to inject $7 million into Forest Admin. This French startup, founded in 2017, has designed an “off-the-shelf admin panel based on a highly-extensible API” in simpler words, an admin interface that helps manage customer data …

Notion Capital and Runa Capital team up to back French IT development tool provider Read More

Russia mandates pre-installed Russian-made apps on all smartphones, tablets and computers

March 17, 2021

Russia will soon force tech companies to pre-install Russian-made government-approved applications and software onto new smartphones, tablets, PCs and other devices. The measures — dubbed the “law against Apple” due to the U.S. iPhone maker’s refusal to sell products loaded with third-party apps — sailed through the Russian parliament and was rubber-stamped by President Vladimir Putin Monday. …

Russia mandates pre-installed Russian-made apps on all smartphones, tablets and computers Read More

Sberbank makes AI-oriented supercomputer available to organizations “of any size”

December 2, 2019

Sberbank, the Russian financial and technological behemoth, is preparing “Russia’s fastest supercomputer” for commercial launch. This computational capacity was unveiled at an industry conference last month by Sberbank CEO German Gref in presence of President Putin . The supercomputer will be made available to customers of SberCloud, Sberbank’s cloud solution, starting from December 12 as scheduled by the …

Sberbank makes AI-oriented supercomputer available to organizations “of any size” Read More

Political analyst Tatyana Stanovaya: “Yandex is safe for now, but Kremlin compromise is fragile”

January 20, 2020

Last week President Vladimir Putin signed the formal decree making the necessary changes to Russian law for the Yandex to change ownership and governance rules. These changes, their background and implications were analyzed by Mrs. Tatyana Stanovaya, the founder of the political analysis project R.Politik and a nonresident scholar at the Carnegie Moscow Center. Earlier this month, Russian …

Political analyst Tatyana Stanovaya: “Yandex is safe for now, but Kremlin compromise is fragile” Read More

New hints in leaked recordings: Russian spy agencies intertwined with bitcoin exchanges

November 29, 2019

In 2018, US Special Counsel Robert Mueller revealed precise evidence in alleging how Russia’s military intelligence agency used bitcoin transactions to mask meddling in the 2016 U.S. presidential elections.  Earlier this month, new glimpses into the shadowy world of cryptocurrencies emerged in a BBC Russian Service report that provided more indications of how exactly Russian spy agencies …

New hints in leaked recordings: Russian spy agencies intertwined with bitcoin exchanges Read More

Russian tax authority registers crypto as part of a company’s capital

November 27, 2019

At present, cryptocurrencies don’t have any legal status and are not regulated in Russia. Yet a company called Artel has managed to officially add bitcoin to its authorized equity capital. Not without giving the entity a hard time, the country’s Federal Tax Service eventually agreed to register the change in its status. According to experts …

Russian tax authority registers crypto as part of a company’s capital Read More

Under Russian pressure, Apple changes Crimea map

November 27, 2019

More than five year after Russia took control of the peninsula, the sovereignty dispute between Russia and Ukraine over Crimea is still sensitive for online service providers. As reported by BBC and Reuters, Apple has complied with Russian demands to show the peninsula as part of Russia in its Maps and Weather apps for Russian users. When using Apple …

Under Russian pressure, Apple changes Crimea map Read More

Oleg Ganeev, Deputy Chairman of the Executive Board of Sberbank: “AI has become the core that maintains and enhances process performance”

December 7, 2020

Born in Ufa city (Bashkortostan, Russia), Oleg Ganeev has built his career in the banking industry (Uralsib, Rus-Bank, Sberbank). In November 2014, at 42, he was appointed as Deputy Chairman of the Executive Board of Sberbank. He is in charge, in particular, of the sales network, distressed assets department, Islamic banking and related partnerships. In this exchange with East-West Digital News, Mr. Ganeev presents a …

Oleg Ganeev, Deputy Chairman of the Executive Board of Sberbank: “AI has become the core that maintains and enhances process performance” Read More

Russia’s top mobile operator sells Ukrainian business

November 27, 2019

Russia’s biggest mobile phone operator MTS said on Monday it had agreed to sell its Ukrainian business to Azerbaijan’s Bakcell for $734 million. The company also said its board had approved a special dividend of 13.25 rubles ($0.21) per ordinary share, or 26.5 billion rubles ($420 million) in total.  “Given the small share of our …

Russia’s top mobile operator sells Ukrainian business Read More

Baring Vostok cancels plans for $1.3 billion sixth fund

January 16, 2020

Leading Russian private equity firm Baring Vostok has cancelled plans to raise a sixth fund that could have been worth $1.3 billion, as five of its senior managers face fraud changes and three of them languish in prison, the firm announced on November 21. International institutional investors are concerned about “contradictions in Russian and international …

Baring Vostok cancels plans for $1.3 billion sixth fund Read More

Russian Internet, financial and oil majors join forces to foster artificial intelligence

November 30, 2019

Five top Russian corporations – state-controlled financial giant Sberbank, Internet groups Yandex and Mail.Ru, mobile operator MTS and oil major Gazprom Neft, – together with the sovereign fund RDIF, intend to pool their resources to foster Russian AI technologies.  The agreement was inked earlier this month, a few weeks after a “National Strategy for the …

Russian Internet, financial and oil majors join forces to foster artificial intelligence Read More

Russian VC fund invests in online pharmacy as new legislation could boost the market

November 22, 2019

ExpoCapital Overseas, a division of the Moscow-based venture fund ExpoCapital, has acquired a 7.28% stake in Russian online drugstore Megapteka. Backed by ExpoBank owner Igor Kim, this fund was created in early 2018.  The Megapteka deal was reported earlier this week by business daily Kommersant based on company register information. The details of the deal were …

Russian VC fund invests in online pharmacy as new legislation could boost the market Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.