US telecoms equipment maker Cisco will end operations in Russia and Belarus in response to the war in Ukraine, the company told Reuters on Thursday. The company had initially suspended its operations in Russia, including sales and services, in March after the Kremlin ordered troops into neighboring Ukraine. Hundreds of foreign businesses have exited Russia …
Cisco announces wind-down of operations in Russia, Belarus Read More
Microsoft has blocked the installation of the Windows 10 and 11 operating systems in Russia from its official website, Russian users and media reported. Attempts to download the software resulted in a 404 error message, or diverted to a Microsoft Support contact page. Russian users using a VPN can still disguise their computer’s location and thus …
Microsoft blocks installation of Windows OS in Russia Read More
Earlier this month Rostec, a state corporation that comprises more than 700 enterprises in the fields of defense and technology, announced they have developed a blockchain platform to provide a “real alternative to SWIFT in international settlements.” Russian banks were excluded from the SWIFT system last February as part of the sanctions imposed by Western countries in response …
Russia’s Rostec develops blockchain system as “real alternative” to SWIFT Read More
Sergey Dashkov, who has had a start in business as the exclusive partner of Ahmad Tea in Russia, rose to become one of the most engaged early-stage investors in the Russian venture capital space. Describing his investment thesis as industry-agnostic, most of Dashkov’s portfolio right now consists of companies operating outside of Russia. “We love …
How this Moscow-based VC investor navigates uncertainty in times of war Read More
A Moscow court on Thursday said it had fined Alphabet’s Google 15 million roubles ($260,000) for repeatedly failing to comply with a Russian law requiring technology companies to localise user data. Russia has issued multiple fines to foreign technology companies in recent years over a range of infringements, in what critics say is Moscow’s attempt …
Russian court fines Google $260,000 for breaching data rules Read More
VK Company, a Kremlin-controlled Russian Internet giant, is seeking to acquire the leading local classifieds platform Avito, which is owned by Naspers affiliate Prosus. Prosus could also sell its 25.7% stake in VK Company, reported the Russian media citing Bloomberg. Russian oligarch Vladimir Potanin is also regarded as a potential acquirer of Avito, according to the …
VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets Read More
Webpages in the city of Kherson in south Ukraine stopped loading on people’s devices at 2:43 pm on May 30. For the next 59 minutes, anyone connecting to the internet with KhersonTelecom, known locally as SkyNet, couldn’t call loved ones, find out the latest news, or upload images to Instagram. They were stuck in a …
Russia is taking over the Internet in Ukraine’s occupied territories Read More
The Kremlin-backed cyberattack against satellite communications provider Viasat, which happened on Feb. 24 an hour before Russia invaded Ukraine, was “one of the biggest cyber events that we have seen, perhaps ever, and certainly in warfare,” according to Dmitri Alperovitch, a co-founder and former CTO of CrowdStrike and chair of security-centric think tank Silverado Policy …
Why Russia’s giant cyber attack on Ukraine on Feb. 24 had relatively little impact Read More
Deutsche Bank has relocated hundreds of its Russia-based IT specialists to Germany following the Russian invasion of Ukraine, the Financial Times reported Tuesday. The Frankfurt-headquartered bank has relocated approximately half of its 1,500 highly skilled software developers based in Moscow and St. Petersburg as well as their families in the past three months, citing difficulties brought about …
FT: Deutsche Bank moves hundreds of IT workers from Russia to Germany Read More
Last week Taiwan imposed a ban on the sale of modern chips to Russia and Belarus in response to the invasion of Ukraine. The Ministry of Economic Affairs (MOEA) published a list of strategic high-tech goods that are barred from export to Russia and Belarus, reported DigiTimes. The ministry stated exports of these high-tech commodities are …
Taiwan bans exports of all modern chips to Russia, Belarus Read More
Arkady Volozh, the founder and CEO of Yandex, has resigned from his company after being included in the EU’s latest package of sanctions on June 3, in response to Moscow’s invasion of Ukraine. The EU points out Yandex’s responsibility in “promoting state media and narratives in its search results, and deranking and removing content critical of the Kremlin, …
Yet another Yandex woe: company founder and CEO resigns after falling under EU sanctions Read More
Russian e-commerce major Ozon plans to reach operational break-even in the next 12 months, the company’s finance chief Igor Gerasimov said on Tuesday. “We’ve started to improve the economy – you can see that in the first quarter of this year (…) In the next 12 months, we intend to reach operational break-even,” he said at the forum of entrepreneurs …
