Analysis

Huawei, Lenovo, Union Pay, Xiaomi: Russia’s hopes for Chinese relief from western sanctions could be dashed to dust

May 10, 2022

Chinese IT companies are “quietly pulling back from doing business in Russia under pressure from US sanctions and suppliers,” despite calls by Beijing for companies to resist overseas pressure, WSJ reports.   Several major companies are decreasing shipments to Russia, including PC giant Lenovo and smartphone and gadget maker Xiaomi. These two companies have actually stopped deliveries to Russia, even though …

Huawei, Lenovo, Union Pay, Xiaomi: Russia’s hopes for Chinese relief from western sanctions could be dashed to dust Read More

Toxic assets: How Yandex became part of Russia’s censorship machine

June 5, 2022

In late April, Russian Internet giant Yandex announced it was selling its news service, Yandex.News, and its personal recommendations service, Yandex.Zen, to VK Company, which is controlled by the Kremlin. Since Russia’s invasion of Ukraine began, these products (just like Yandex overall) have faced a barrage of criticism for misleading millions of users by withholding credible information …

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Report: How the war in Ukraine is affecting the content that TikTok users see in Russia

March 22, 2022

After Twitter, Facebook and Instagram were banned, TikTok is the only remaining global social media platform still available in Russia. According to Datareportal, it attracted nearly 55 million users in Russia in February 2022; and its audience is likely to grow even more, should it avoid being banned too. What can Russians users see on …

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Russian sanctions, soaring VC investment put spotlight on growing compliance tech industry

March 22, 2022

When Russian forces attacked Ukraine last month, the U.S. and its allies imposed strict sanctions on doing business with the eastern power, cutting off more than half of Russia’s high-tech imports and restricting its access to technological inputs. As those sanctions have been added to on a seemingly daily basis, companies have been left to scramble to …

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Global startup funding announcements slowed dramatically following Russia’s attack on Ukraine

March 6, 2022

Following Russia’s invasion of Ukraine, global venture funding announcements and disclosures have slowed dramatically. Since last Thursday, when the attack commenced, just 154 companies across the globe have revealed a seed, early- or late-stage venture investment of disclosed size, per Crunchbase data . Altogether, those rounds totaled $3.65 billion.  That works out to an average of $912 …

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Russian VC Alexey Solovyov: “In the globalized Russian venture community, the impact of the sanctions will probably be attenuated”

March 2, 2022

As the Russian economy seems to be sinking as a result of the western sanctions, Alexey Solovyov, a figure of the Russian venture scene, has a nuanced analysis of the impact on his industry. From a deal cancelled to the disruption of an essential banking service, the crisis has already affected his firm and portfolio …

Russian VC Alexey Solovyov: “In the globalized Russian venture community, the impact of the sanctions will probably be attenuated” Read More

Russia faces loss of digital sovereignty

March 2, 2022

Russia has made some serious progress in import substitution, but the new technology sanctions will hit Russian industry hard. Some sanctions will have almost immediate effect. Take microchips, the Russia’s Achilles heel for decades. Despite all the country’s efforts — the Soviet Union even built a city for the sole purpose of solving the problem …

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Russia has been preparing to have its internet cut off

February 28, 2022

Among Joe Biden’s options to punish Russia for its invasion of Ukraine are disruptive cyberattacks—the kind that Russia itself often unleashes on other countries. Even more broadly, sanctions experts have discussed the possibility of cutting countries off from the global internet entirely, the way governments do to stifle unrest in domestic regions.  But Russia has been preparing for …

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Cybersecurity investment rises amid Russian invasion of Ukraine

February 25, 2022

The Russian invasion of Ukraine not only threatens to upend the world geopolitical order, it’s also affecting several different business sectors, notably cybersecurity. For days before and even during the invasion, several Ukrainian government and financial sites experienced hacks and disruptions. There have been reports that the FBI has also asked U.S. businesses to be on the watch …

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Russian entrepreneurs want to disrupt delivery, freight and mobility industries across the world

February 18, 2022

While asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startup entrepreneurs are also penetrating neighboring segments. From urban delivery, to mobility, to local or international freight, some of them receive generous support from VCs, as illustrated by four recent deals. …

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Report: Large share of global crypto crime comes from Russia

February 17, 2022

In a preview of its 2022 Crypto Crime Report, Chainalysis says that, overall, “roughly 74% of ransomware revenue in 2021 — over $400 million worth of cryptocurrency — went to strains we can say are highly likely to be affiliated with Russia in some way.” Platforms operating mainly on the Russian crypto market launder the bulk of extorted funds, …

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How Russian authorities invest in domestic alternatives to YouTube

February 12, 2022

The Russian authorities have been sinking money into domestic alternatives to YouTube for over a year, says a new investigation from iStories and Agentstvo. Allegedly, these Russian video platforms are meant to serve as substitutes in the event that Russia’s censorship agency bans YouTube altogether. However, sources say the country’s leadership doesn’t believe that anything will come of …

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