Stan Martynyuk

Russian and Japanese tech players and investors create business association

April 16, 2019 April 16, 2019

Last week Russian venture fund Pulsar VC, Russian-Japanese consulting agency SAMI and Japanese firm Skylight Consulting launched the Japanese-Russian Tech Companies and Investors Association to promote cooperation among entrepreneurs and investors from the two countries. The partnership agreement was signed on April 11 at the Russian Venture Forum in Kazan, 800 km east of Moscow, in the presence of …

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Marketing solution startup secures $8 million from US and Russian investors

April 11, 2019 April 11, 2019

Improvado.io, a US-based marketing solution provider with Russian roots, has secured $5 million from several investors including two Russian funds: Impulse VC, which is reportedly affiliated to Russian billionaire Roman Abramovich, and Cabra VC. According to the business daily Vedomosti, which reported the news earlier this week, this capital injection comes as the second part …

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Foreign companies re-allowed to pay ‘Google tax’ under old rules

April 10, 2019 April 9, 2019

Following criticisms by representatives of foreign businesses working in Russia, Russia’s Federal Tax Service (FTS) has prepared a draft letter in favor of restoring the old rules governing the payment of the so-called “Google tax” (VAT on e-services) by foreign e-service providers. As reported by the business daily Vedomosti, the new rules came into effect on …

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Coca Cola teams up with Russian fund to help employees launch their own business projects

April 10, 2019 April 10, 2019

The Internet Initiatives Development Fund (IIDF or FRII in Russian), Russia’s main startup investment fund, has announced a partnership with Coca Cola HBC Russia to create an in-house accelerator for the company’s employees in Russia. The program will teach Coca-Cola HBC Russia’s employees how to launch startups inside the corporation. IIDF experts will help employees …

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Russian online banks are all vulnerable to attacks, says report

April 9, 2019 April 9, 2019

Russian web-based banking apps are all vulnerable to attacks from the outside, making it possible to access clients’ personal details and secret banking information. More than half (54%) of these applications expose client’s money to be stolen. The report characterizes the protection of 61% of such web applications as “low” or “very low.” This are some of the …

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Yet another arrest in Moscow: supercomputer company founder faces 10-year sentence

March 29, 2019 April 2, 2019

Less than two months after the arrest of Baring Vostok founder Michael Calvey and just days after that of former minister and investor Mikhail Abyzov, another high-profile Russian businessman with a relation to the tech business was sent to jail on March 26 in pre-trial detention. (In what looks like an epidemics, several other high profile businessmen …

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Yandex experiments new social service with AI features

March 28, 2019 March 28, 2019

Yandex, the NASDAQ-listed Russian Internet giant, is testing a social service called ‘Yandex.Aura’ (see presentation page). The news was confirmed by Yandex to East-West Digital News after being commented abundantly in Russian media and social networks. However, the company did not specify the planned date of Aura’s public release. Currently, Aura is in beta testing …

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Popular Russian online stores and publishing houses banned from Ukraine

March 25, 2019 July 13, 2019

Ukrainian Internet users have been blocked from accessing three popular Russian online stores: Ozon.ru, LitRes.ru and Labirint.ru. The ban followed a recent decision by Ukraine’s National Security and Defense Council (NSDC) that expands the list of legal entities under economic sanctions. The sanctions, among other things, include limitations on their commercial activity and a prescription to block …

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