Abu Dhabi sovereign wealth fund Mubadala Investment Company has suspended its investments in Russia due to the Ukraine crisis, one of its top executive said last week. “What is happening in this crisis between Russia and Ukraine is a travesty, with catastrophic consequences, in terms of human life and in terms of the impact it’s having on economies all …
Abu Dhabi sovereign wealth fund suspends investments in Russia Read More
Just weeks after warning of a potential bond payment issue, Russian e-commerce major Ozon is now ruling out any default risk. Cited by news agency RIA, the company’s business development director Anna Karpova said Ozon had “113 billion rubles on its accounts,” which is enough to “cover [its] obligations.” “We see loyalty on the part of [securities …
Hackivist group ‘Anonymous’ claimed Thursday its affiliate group Black Rabbit World (@Thblckrbbtworld) had leaked 35,000 files from Russia’s central bank. The group exposed the stolen files — 28 GB of data — Friday evening, sharing two links to the file hosting service Mega NZ. The folders contain Office and TXT files. Most documents are written in Cyrillic, some are in English. …
Anonymous hacktivists claims to have leaked 35,000 files from Russia’s central bank Read More
Yandex, the Russian online search giant — also running a variety of other digital services — is exploring different “strategic options, including disvestment, for its news aggregation service and infotainment platform Zen.” The company stated Friday it intended to “focus on developing its other technology-related businesses and products (including search, advertising, self-driving and cloud) and transactional services (including ride-hailing, e-commerce, …
Caught between Russia’s censorship and West’s sanctions, Yandex seeks to sell assets Read More
East-West Digital News is happy to bring to its readers this business-as-usual, non war-related story. As industry publication RB.RU just reported, a Russian garbage recycling technology startup called Ubirator raised 170 million rubles (some $2.25 million at the pre-war exchange rate). Founded in 2018 by Nikita Nikishkin and Alexey Khatskevich, two MIPT (PhysTech) graduates, Ubirator …
Russian startup raises millions to revolutionize garbage collection Read More
Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks …
Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates Read More
After Russian entrepreneurs asserted themselves last year as chief disruptors in the global food delivery industry — fulfilling orders in around 15 minutes in a variety of Western cities — some of them are now falling as collateral victims of Putin’s war on Ukraine. In early March Buyk — a fresh food delivery service with sizeable operations in New York and Chicago — abruptly …
Prosus, a Dutch investor affiliated to South African Naspers, announced yesterday it will write off its 25.9% stake in VK Company. This stake was valued on its books at $700 million, as stated by the company. “Over the last week, international sanctions have been imposed on many Russian entities and individuals. These include sanctions on the CEO and indirect …
Naspers writes off $700 million investment in Russian Internet major VK Company Read More
Russia’s Nasdaq-listed e-commerce player Ozon on Friday said that holders of its bond maturing in 2026 may be entitled to redeem the principal and interest accrued if trading remains halted until March 8, but has the cash in its accounts to pay. Trading of Ozon’s shares on Nasdaq was suspended on Feb. 28 and if suspension …
Russia’s Ozon, following Yandex, warns of bond payment issue Read More
Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could default in a matter of days. The company warned about this risk today even though none of its entities, main shareholders, directors or managers have been targeted by western sanctions. The threat originates in the fact that, this past Monday, the …
After Nasdaq stock suspension, Yandex could default on $1.25 billion convertible notes Read More
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 …
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 …
