International

“A hurricane of discouragement:” Putin’s war on Ukraine is already impacting the Russian tech sector

Will Russia take control of Ukraine after a quick military victory? Will it be a long-lasting war of guerrilla? Could an escalation involve neighboring countries and western powers? The outcome of the Russian military attack on Ukraine that began on Thursday, Feb. 24, is unpredictable. But just hours after the invasion, the impact on the …

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From semiconductors to payments: How the world could use tech sanctions against Russia

As Russia launches an unprecedented invasion of Ukraine, world leaders are considering what sanctions they could impose to stop President Vladimir Putin in his tracks. These could include cutting off Russia’s access to key technologies such as semiconductors and even the payments service SWIFT, which powers most of the world’s international money transfers. All of this could have potentially have devastating …

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Russia is using an onslaught of cyber attacks to undermine Ukraine’s defense capabilities

As Ukrainian cities come under air attack from Russian forces, the country has also suffered the latest blows in an ongoing campaign of cyber attacks. Several of Ukraine’s bank and government department websites crashed on Wednesday, the BBC reports.  The incident follows a similar attack just over a week ago, in which some 70 Ukrainian government websites crashed. Ukraine and …

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Ukraine war could exacerbate global chip supply crisis

 Russia’s invasion of Ukraine by land, air and sea risks reverberating across the global chip industry and exacerbating current supply-chain constraints. Ukraine is a major producer of neon gas critical for lasers used in chipmaking and supplies more than 90% of U.S. semiconductor-grade neon, according to estimates from research firm Techcet. About 35% of palladium, a …

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Russian-founded gaming giant Playrix continues investment spree

Playrix, a global Russian-founded mobile gaming giant, acquired a minority stake in AppQuantum, a Cyprus-based, Russian founded mobile gaming developer and publisher. The deal took place in late 2021 but was announced only in early February.  Launched in 2017 by Evgeny Maurus, AppQuantum is behind such titles as Dragon Champions, Evil Clicker and Gold & Goblins. While claiming “dominant positions” in clicker and …

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White House: US unlikely to kick Russia off SWIFT

The US said Friday it will “probably not” try to kick Russia out of the SWIFT financial messaging system should Moscow invade Ukraine. Washington has threatened to levy “severe” sanctions on Moscow in the event it attacks Ukraine, promising a package of measures that could “devastate” the Russian economy. “All options remain on the table. …

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After cyberattack on Ukraine, western allies point at Russia but have no detailed response plan

“The largest DDoS attack in Ukraine’s history,” according to the digital transformation minister Mykhailo Fyodorov, took place this past Tuesday, Feb. 15 — just one month after a previous attack.  The attack targeted the websites of the defense ministry and armed forces as well as two of Ukraine’s two largest banks – PrivatBank and Oschadbank. Starting at 3pm that day, …

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

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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X5 Group teams up with Plug and Play to bring more sustainability to Russian retail

X5 Retail Group, a leading Russian food retailer listed on the Moscow and London stock exchanges, is launching an international joint program with Plug and Play to scout for innovative approaches to sustainable development. The program will focus on reducing waste and greenhouse gas emissions as well as sustainable packaging. It will start in the …

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Russian serial entrepreneur builds “hyperplanes” for “global hyperexpress delivery in under two hours”

Can you imagine cargo being shipped between Europe and Australia in just a couple of hours using clean liquid hydrogen fuel? A few months after his SPAC misfortune, serial entrepreneur Mikhail Kokorich — whom his PR team describes as being “like Russia’s Elon Musk” — claims this will soon come true. His new company Destinus is building a hydrogen-powered, zero-emissions, transcontinental cargo drone.  With hypersonic …

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A Google doodle for the Russian State Historical Museum

Today’s Google doodle is an image of the Russian State Historical Museum, one of Russia’s oldest and most revered collections of Russian culture and history. It commemorates the museum’s 150th anniversary celebrated on Wednesday.   The doodle was created by Russian-guest artist and Muscovite Toma Vagner. “I would like my doodle to serve as a reminder of this beautiful …

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Softline acquires Indian provider to strengthen global cloud service offering

Softline, a Russian-founded IT solution and service provider listed on the London and Moscow stock exchanges, is to acquire Umbrella Infocare, an Indian cloud service company. This provider offers “rich and very advanced services expertise” in Amazon Web Services (AWS) and Citrix solutions. Its team of more than 200 people has served some 250 customers across various industries, completing …

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