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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Moscow city authorities mandate night partygoers to register with QR codes or SMS

November 12, 2020

Moscow partygoers will be required to register their phone numbers before they can enter bars, nightclubs and other late-night establishments, Mayor Sergei Sobyanin announced Thursday as the city sees a renewed rise in coronavirus cases.  Starting Oct. 19, all visitors of establishments operating between midnight and 6 a.m. will be required to scan a QR code or …

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Tinkoff scraps $5.5 billion deal with Yandex, shares plunge

October 20, 2020

The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously announced they had reached an “agreement …

Tinkoff scraps $5.5 billion deal with Yandex, shares plunge Read More

Sber vs. Yandex: The battle of Russia’s super platforms begins

October 11, 2020

Yandex and Sberbank’s fight to gain control of Russia’s finance and technology industries is being billed as the corporate showdown of the decade. “Sberbank versus Yandex: The battle of the super platforms has begun,” declared Russian business daily Vedomosti last week. Novaya Gazeta went further, dubbing it a “war of the ecosystems.” The clash — which has …

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Sberbank unveils sweeping transformation into tech company

September 27, 2020

Sberbank, Russia’s state-controlled financial behemoth, is showcasing what it calls the biggest transformation in its history, as it unveils a suite of new technology products in an aggressive drive to get deeper into the tech sector. In a flashy presentation Thursday morning — echoing Apple’s famous annual product launches which attract millions of viewers and …

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Huawei shifts investment from US to Russia

September 5, 2020

Huawei increased its investment in Russia after the US slapped the Chinese telecoms giant with sanctions last year, Huawei founder Ren Zhengfei said. “After the United States included us in the Entity List, we transferred our investment in the U.S. to Russia, increased Russian investment, expanded the Russian team of scientists and increased the salary of Russian …

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TikTok’s latest viral trend is a Russian cereal jingle from 2010

August 18, 2020

TikTok’s latest viral trend has roots in an unlikely source: a 10-year-old Russian cereal commercial. The video shows a computer-animated llama dancing to a haunting, high-pitched vocal in the desert while bathed in apocalyptic red light. The childish song is a remix of the jingle from a 2010 commercial for Russian cereal Miel Pops, or Honey Pops. …

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Russia’s ‘IT tax maneuver’ could bring cash to the budget, not to IT companies

July 29, 2020

President Vladimir Putin’s plans for digital businesses to help power Russia’s economic recovery from the coronavirus pandemic by giving Russia one of the lowest tax rates in the world for IT companies might not be what they seem, analysts told The Moscow Times. In an address to the nation in June, Putin hailed the Russian IT sector’s …

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Russian recruitment platform HeadHunter cements $1 billion valuation

July 21, 2020

Online recruitment platform HeadHunter has sealed its position as a $1 billion tech company after a new multimillion dollar share deal confirmed the company’s soaring valuation. The new deal will see U.S. investment giant Goldman Sachs sell a 9.9% stake for $101 million, thus valuing Headhunter at just over $1 billion — a rise in the firm’s …

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US fines Amazon for Crimea orders

July 9, 2020

Businesses face hefty penalties for operating on the Crimean peninsula, following its annexation by Russia in 2014 — a move deemed illegal by much of the international community and which resulted in the U.S., EU and other western countries placing stringent sanctions on Russia and barring firms from being active or investing on the peninsula. …

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US investor Michael Calvey kept under house arrest despite cancer revelation

June 24, 2020

Yesterday a court in Moscow upheld the house arrest of Baring Vostok founder Michael Calvey on fraud charges despite the revelation that he has a malignant tumor. The US businessman faces embezzlement charges that he says are being used to pressure him in a business dispute. A Moscow court had ruled last month to extend the house …

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‘Kinky Russia’ throws Zoom orgies to overcome coronavirus quarantine

May 25, 2020

Hundreds of people have gathered to watch a live performance online on a Saturday night in Moscow. That’s become normal under the city’s strict coronavirus lockdown rules, but this is no Swan Lake.  Four women have tied a man to a plastic-covered mattress in a sparsely decorated room. He wears nothing but a black face …

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