The Moscow Times

The Moscow Times, the only English-language daily published in Russia, has set for itself the goal of providing foreigners and internationally oriented Russians with balanced, well-researched journalism and practical information that helps them understand Russia.

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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. …

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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 …

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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 …

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Sberbank extends ownership and partnership with Mail.Ru

November 22, 2019

Yesterday Sberbank, the state-controlled financial giant, and LSE-listed Mail.Ru Group signed binding agreements concerning their JV partnership in the fields of food delivery and taxi hailing. As previously announced: The deal puts Mail.Ru’s Delivery Club and CitiMobil businesses, plus Sberbank’s own FoodPlex arm into a single joint venture. The two partners will invest “up to …

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Yandex proposes sweeping governance and ownership restructure; draft bill on foreign ownership put on hold

December 9, 2019

Yandex, the NASDAQ-listed Russian Internet leader, is planning a major overhaul of its governance structure, answering a long-standing government pressure over its governance and ownership. Under the plans announced yesterday, Yandex will create a new “Public Interest Foundation” which will control Yandex’s so-called golden share,  providing veto power over significant ownership transactions.  Since 2009, this golden …

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Sberbank to acquire $170 million stake in Mail.ru Group

October 31, 2019

Sberbank, Russia’s state-controlled financial giant, intends to purchase a $170 million stake in Mail.ru Group. As announced yesterday, the deal will see Sberbank buy into a company called MF Technologies, which owns a majority of Mail.Ru’s voting rights, from Gazprombank — another state-owned Russian financial outfit. Sberbank’s 35% stake in MF Technologies would give it …

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Russia’s Yandex and Mail.Ru report strong growth despite ownership threats

October 28, 2019

Russia’s flagship tech companies, LSE-listed Mail.Ru Group and NASDAQ-listed Yandex, both reported strong third-quarter results amid ongoing concerns over government proposals to limit foreign ownership in Russia’s largest technology companies. With revenues and earnings up at both companies, representatives confirmed they were lobbying the government to water down the potentially damaging legislation to the two …

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Yandex shares bounce back as Russia softens foreign ownership rules

October 21, 2019

Shares in the NASDAQ-listed Russian tech giant Yandex have jumped higher on reports Russia will soften proposals to limit foreign ownership of strategically important tech firms. The government is now considering placing a 50%-minus-one cap on the number of shares that can be held by non-Russian investors — up from the 20% limit proposed in a draft …

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Finance heads call for stronger cybercrime punishments

October 14, 2019

Russia’s largest bank and its financial regulator last week called for tougher penalties to be put in place against cybercrime. Governor of the Central Bank Elvira Nabiullina and Sberbank CEO German Gref highlighted how criminal responsibility in Russia for some cyber crimes is softer than in the United States, while for others it is completely …

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