International

Facebook and Google exposed to record fines for not removing unlawful content in Russia

October 11, 2021

Russia could impose record fines on Facebook and Google (held responsible for YouTube) for not removing prohibited content. Since these companies are accused of repeated violations, fines could be in the range of 1/20 to 1/10 of the yearly revenues they generate in Russia. Thus Facebook, which makes around 10 billion rubles per year in the …

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Russian IT major Softline plans dual listing on London and Moscow exchanges

October 5, 2021

Softline, an international IT solution and service provider with Russian roots, confirmed yesterday its IPO plans. As reported by Reuters, the company plans to raise some $400 million through an IPO on the London Stock Exchange and a secondary listing in Moscow. Targeting a valuation of around $2 billion, Software will float 20-25% of its shares, “a person familiar with the matter” …

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Top Russian cybersecurity executive Ilya Sachkov arrested in state treason case

November 23, 2021

On Sept. 28 Russian authorities arrested Ilya Sachkov, the 35 year-old founder and CEO of a leading Russian cybersecurity company, under “state treason” charges. The news sent a chill through the IT and business community, as it followed recent cases involving prominent tech entrepreneurs and investors in Russia — from US private equity investor Michael …

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Russia vows “retaliation” for YouTube blocking RT’s German channels

September 29, 2021

The Russian government has decried YouTube’s decision to delete the state-funded RT broadcaster’s German-language channels as “information warfare” and said it will block German media in Russia in retaliation. The video streaming website on Tuesday deleted RT’s DE and DFP channels for breaching coronavirus misinformation policy. “This is a real media war declared by the state of …

Russia vows “retaliation” for YouTube blocking RT’s German channels Read More

Russian-founded graphene nanotube leader aims to raise up to $800 million through SPAC merger

October 11, 2021

OCSiAl, the Russian-founded global graphene nanotube leader (pronounced ‘Oxial’), intends to get listed on a Western exchange until the end of this year by merging with a SPAC. The company aims for a $3 billion valuation, its co-founder Yuri Koropachinsky told Forbes Russia last week.  “We’re having very deep discussions with nine SPAC companies,” he said.  SPACs are becoming trendy among Russian-founded …

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YouTube CEO responds to Russia censorship accusations

September 28, 2021

Susan Wojcicki, chief executive officer at Google’s YouTube, said the internet giant still holds free speech as a “core value,” in the company’s first public comments since it acceded to a Russian government order to remove material from political opponents. Alphabet Inc.’s Google and Apple Inc. pulled a voting app from opposition leader Alexey Navalny ahead of …

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Russian-founded Jiffy raises $28 million to roll-out super fast food delivery service in the UK

September 27, 2021

Jiffy, a 10 month-old UK grocery delivery and dark store startup, has secured a $28 million Series A round. Coming after two funding rounds completed earlier this year, this capital injection brings to $35 million the total amount raised so far by the startup, as reported by TechCrunch. Led by family-owned investment company Heartland, the round was supported by Baring Vostok, …

Russian-founded Jiffy raises $28 million to roll-out super fast food delivery service in the UK Read More

Yandex introduces automatic English-Russian video dubbing feature

September 26, 2021

You’ll now be able to watch videos on YouTube and almost any other service with the aid of automatic English-Russian translation dubbing. This could be really helpful to those studying Russian. Meanwhile, Yandex says more language pairs will be added to the system soon.  “To completely erase language barriers on the internet is one of our biggest challenges. We set about …

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Skoltech and IBM researchers create energy-efficient optical switch for next-gen computers

September 25, 2021

An international research team led by Skoltech and IBMResearch has created an extremely energy-efficient optical switch that could replace electronic transistors in a new generation of computers manipulating photons rather than electrons. In addition to direct power saving, the switch requires no cooling and is really fast: at 1 trillion operations per second, it is …

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How Russia forced Apple and Google to block anti-Kremlin app on parliamentary election day

September 28, 2021

On Sept. 17 Apple and Google disabled Russian users’ access to the pro-opposition ‘Smart Voting’ app in their online stores. Just hours later Telegram, the international instant messenger whose creator Pavel Durov touts its full independence, dealt a new blow to ‘Smart Voting’ by suspending — in a selective and controversial way — bots associated with …

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Cédric Etlicher of Scaleo Medical: “Doing business with Russians spices life up!”

March 27, 2024

Based in Montpellier, France, Scaleo Medical is a developer and producer of medical equipment for hospital and home use. With a focus on oxygen therapy, respiratory orthopaedics and patient transfer tools, the company is now developing a brand-new concept around e-health devices. Cédric Etlicher, GM of Scaleo Medical in Russia, shared with FrenchTech his experience of doing business …

Cédric Etlicher of Scaleo Medical: “Doing business with Russians spices life up!” Read More

US sanctions Russia-based cryptocurrency exchange over ransomware

September 27, 2021

The US Treasury Department has for the first time sanctioned cryptocurrency exchange, a Russian-based Suex that is registered in the Moscow City business compound and operates physical as well as virtual exchanges. Suex is allegedly responsible for over $480 million of unlawful operations, has been used for ransomware attacks and operated transfers to and from Finiko crypto ponzi scheme and Russia’s …

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