Analysis

From bank cards to e-wallets: How new legislation is changing the Russian e-payment scene

February 10, 2016

Since 2013, the Russian legislation on electronic payments has undergone several changes, in parallel with the development of a national payment platform. This article reviews the most significant developments as far as international players are concerned. E-wallets and prepaid cards In 2011, the law on payment systems changed Russia’s e-payments scene dramatically, with all e-wallet issuers and …

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Digital connections provide top-tier healthcare to Russian villages

February 11, 2016

A new system uniting IT and medicine is taking its first steps into the Russian market. Billed as digital health, its aims are to help people save money on treatment, to accelerate medical services, and to make those services accessible to people living in the remote regions of Russia’s eleven time zones. Entrepreneurs believe this …

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From import substitution to autarky to military confrontation? Russia’s high tech strategy in questions

February 11, 2016

In mid-October Dmitry Marinichev, the Kremlin’s Internet Commissioner, made controversial statements concerning Russia’s options for further technological development in the current international context. Initially reported by Russian business daily Kommersant, these statements were widely discussed in Russia in the subsequent weeks. Speaking to Russian scientists at Russia’s Civic Chamber, Marinichev underlined America’s monopolistic and hegemonic position in …

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Seven things an entrepreneur should know about the Russian startup scene

February 12, 2016

Moscow is the 13th city on global startup ecosystem ranking. No surprise – the startup drive runs here. Meanwhile, the rules and context for growing enduring startup brands in Russia may seem exotic, unstable and not transparent if you glimpse at them from the outside. The Russian startup alchemists are quickly adapting to emerging trends, and what …

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The Dukes: Seven years of Russian cyber-espionage

February 12, 2016

Last month Finnish computer security firm F-Secure released a white paper on “the Dukes,” a cyber-espionage group which is believed to have been working for the Russian government since at least 2008. According to F-Secure, the Dukes (sometimes also referred to as APT29) collect intelligence in support of foreign and security policy decision-making. The group employs a wide arsenal …

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Six must-have Russian social buttons

February 12, 2016

Social buttons are used for a number of reasons, and their use on Russian websites is fairly similar to their use on non-Russian websites. However, the unique Internet environment of Russia requires companies with an online presence in the country to become familiar with the social media services that are popular in Russia.  This post will …

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Facing China slowdown, Alibaba and JD find solace in Russia

February 12, 2016

Russia’s plunging currency hasn’t weaned consumers off foreign goods. Instead, cash-strapped shoppers are turning to online retailers for imported smartphones, jewelry and clothes, giving an unexpected boost to Chinese e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc. Alibaba’s AliExpress site posted a 40 percent increase in Russian visitors to 22 million in July compared with a year earlier, according to …

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Putin faces growing exodus as Russia’s banking, tech pros flee

February 14, 2016

For most of the last decade, Igor Gladkoborodov worked his way up in Moscow’s vibrant high-tech scene, going from web developer to co-founder of an online-video startup that drew $3.5 million in local funding. Last month, he abandoned Moscow for Menlo Park, California, joining a growing flow of professionals leaving Russia amid recession, deepening international isolation …

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Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow

December 26, 2018

Venture funds with Russian capital or Russian origins were far from being inactive this summer, which saw more than two dozens of significant deals made public and several new funds and accelerators launched. The invest-abroad trend, which started a few years ago, has been accelerating recently, as witnessed by the number of deals which involved US, Israeli, Asian and Australian …

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Russia’s data center market to reach several hundred million USD in 2015

February 27, 2017

Russia’s young commercial data center market reached some $167 million last year with a yearly growth of over 20%, according to a report by Moscow-based consultancy Direct INFO, as reported by Russia Beyond The Headlines (RBTH). Other consultancies (PMR and J’son & Partners) have put the figures at more than $300 million. The market is being …

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