International

Global digital giants must go local: Apple opens representative office in Russia

February 7, 2022

Apple has opened a representative office in Russia, the Russian Internet and Telecom regulator said Friday, becoming the first company to comply with new regulations requiring foreign technology firms to localize their operations in the country. Some 13 foreign technology companies are required to open local offices and fulfill a string of other technical requirements, like …

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US and Russia eyeing bitcoin: A moment of critical mass for crypto?

February 3, 2022

Bitcoin and cryptocurrencies are at a tipping point as two rival major world powers – the U.S. and Russia – both appear to be moving towards state acceptance of digital money, affirms the CEO of global financial giant deVere Group. The bold assertion from Nigel Green comes as the Biden administration is preparing an executive …

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Booking.com to pay 1.3 billion ruble fine over abuse of dominant position

February 8, 2022

On Monday, Jan. 31, a Moscow court rejected Booking.com’s appeal against a 1.3 billion ruble fine ($17 million at the current exchange rate) in relation with alleged violation of the antimonopoly legislation. While expressing its “disappointment” with the ruling, Booking.com said it intends to pay the fine. The company does not rule out “further legal …

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How Russian customers of Western IT equipment prepare for potential sanctions

February 8, 2022

As Western powers could restrict supplies of IT equipment and support as part of potential sanctions against Russia, Sber is preparing for all scenarios. Last week, as reported by Kommersant, the state-controlled financial giant conducted technical exercises simulating the interruption of technical support from Microsoft, Nvidia, SAP, VMware and other companies. In a bid to gain more …

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The Eastern European paradox: How a troubled region generates unicorns and decacorns

February 3, 2022

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …

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Nexters acquires gaming studios, Rostelecom eyes cloud gaming company

February 7, 2022

Last week Nexters — a Russian-founded gaming company which went public on the Nasdaq last summer by merging with a SPAC — announced a series of acquisition and investment deals. With a total upfront investment of around $100 million, Nexters will take control of three game studios:  RJ Games (Russia), a puzzle RPG major and the publisher of Puzzle Breakers; Royal Ark (Russia), …

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Russian startup bets on AI to sell vitamins online and expand globally

January 28, 2022

Just eight months after launch, a startup called Vitobox — which offers personalized combinations of vitamins and nutritional supplements — has raised 107 million rubles ($1.4 million) at a $14 million valuation.  The funding will go, in particular, to international expansion: the startup plans to launch pilot projects later this year in Kazakhstan, the UAE, …

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Finance vs. tanks: Why SWIFT might be the weapon Russia fears most

February 3, 2022

Some are calling it the “nuclear option.” As Western governments threaten Russia with a package of unprecedented sanctions aimed at deterring President Vladimir Putin from ordering an invasion of Ukraine, there’s one measure in particular that appears to strike fear at the heart of the Kremlin: cutting the country off from the global banking system.  US lawmakers have suggested …

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Russian data center major IXcellerate attracts $190 million from Mubadala, RDIF and Sber

January 25, 2022

IXcellerate, one of the most established data center company in Russia, has raised approximately some $190 million. The round — the largest ever in this field in the country  — was led by sovereign wealth fund Mubadala (UAE) with participation from its Russian peer RDIF, SberInvest, and iXcellerate’s existing investors.  Cited by Sber, the state-owned financial and digital …

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US administration considers technology sanctions if Russia invades Ukraine

February 3, 2022

In the months since Russia began massing troops on the border of Ukraine, the Biden administration has, on multiple occasions, warned that any further aggression by Moscow toward its neighbor would be met with unprecedented levels of sanctions. Now, the White House appears to be dropping some specific hints about what those sanctions might look …

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From Moscow to Lille, France: This startup changes the way retailers fill product cards

May 16, 2022

While many internationally-oriented Russian startups move to Silicon Valley, or to such European alternatives as Berlin, London or Riga, Branquad made a different choice. This Russian digital commerce startup recently landed in Lille, a large, tech-friendly city in the North of France.  Not only does its case provide yet another example of an International Russian …

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Moscow court lifts US investor Michael Calvey’s restrictions on leaving home

January 25, 2022

The Meshchansky District Court of Moscow has lifted the house arrest restrictions on US citizen Michael Calvey, the founder of top private equity fund Baring Vostok,  three years after his arrest and months in jail.  The courts previously ruled that Calvey was forbidden to leave the house after 8pm, communicate with witnesses outside the framework …

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