International

Foreign companies re-allowed to pay ‘Google tax’ under old rules

April 10, 2019 April 9, 2019

Following criticisms by representatives of foreign businesses working in Russia, Russia’s Federal Tax Service (FTS) has prepared a draft letter in favor of restoring the old rules governing the payment of the so-called “Google tax” (VAT on e-services) by foreign e-service providers. As reported by the business daily Vedomosti, the new rules came into effect on …

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Coca Cola teams up with Russian fund to help employees launch their own business projects

April 10, 2019 April 10, 2019

The Internet Initiatives Development Fund (IIDF or FRII in Russian), Russia’s main startup investment fund, has announced a partnership with Coca Cola HBC Russia to create an in-house accelerator for the company’s employees in Russia. The program will teach Coca-Cola HBC Russia’s employees how to launch startups inside the corporation. IIDF experts will help employees …

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US report exposes GPS spoofing in Russia and Syria

April 8, 2019 April 8, 2019

C4ADS, a Washington-based think tank dedicated to data-driven analysis of conflict and security issues worldwide, has released a report to “expose GPS spoofing in Russia and Syria.” Used for a variety of civil and military purposes, GPS and other global navigation satellite systems (GNSS) are vulnerable, remind the authors of the report: “By attacking positioning, …

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Tech Investment in Eastern Europe and Central Asia: March 2019

April 5, 2019 April 10, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from …

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Yandex.Market Chairman of the Board Gabriel Naouri: “The Russian market offers huge opportunities and is very open to foreign players”

April 5, 2019 July 13, 2019

A former top executive of Casino Group, a major French retail group, and advisor to the CEOof Æon Group, Japan’s largest retailer, Gabriel Naouri is Chairman of the Board of Yandex.Market. This Yandex-Sberbank joint venture, agreed in 2017, owns three e-commerce platforms: Yandex Market, a popular e-commerce aggregation and price comparison platform launched in 2002; Beru, an …

Yandex.Market Chairman of the Board Gabriel Naouri: “The Russian market offers huge opportunities and is very open to foreign players” Read More

US business group warns Russia on impact of Calvey jailing

March 29, 2019 April 2, 2019

The case of Baring Vostok founder Michael Calvey is likely to overshadow US participation at the June St. Petersburg International Economic Forum (SPIEF), the Kremlin’s annual investor showcase, Alexis Rodzianko, the president of the American Chamber of Commerce in Russia (AmCham), told reporters after a meeting with Foreign Minister Sergei Lavrov. At the start of …

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Franco-Russian forum to discuss the “Industry of the Future” (Moscow, April 11)

March 28, 2019 March 28, 2019

The French government initiative ‘Alliance Industrie du Futur’ has teamed up with ‘Nauka Innov,’ the scientific and technological branch of the Franco-Russian Chamber of Commerce and Industry (CCIFR), to hold the first Franco-Russian event on these topics in Moscow on April 11. The forum, called ‘rencontres franco-russes de l’industrie du futur,’ aims to “strengthen the bilateral dialogue …

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Facebook removes accounts from Russia, Iran and Balkans for “coordinated inauthentic behavior”

March 27, 2019 March 27, 2019

Facebook said on Tuesday it has removed more accounts from Iran, Russia, Macedonia and Kosovo, citing what it described as sources of spam or “coordinated inauthentic behavior.” A total of 2,632 pages, groups, and accounts were removed from Facebook and Instagram. Of these accounts, 1,907 were tied to Russia, Facebook stated.

Popular Russian online stores and publishing houses banned from Ukraine

March 25, 2019 July 13, 2019

Ukrainian Internet users have been blocked from accessing three popular Russian online stores: Ozon.ru, LitRes.ru and Labirint.ru. The ban followed a recent decision by Ukraine’s National Security and Defense Council (NSDC) that expands the list of legal entities under economic sanctions. The sanctions, among other things, include limitations on their commercial activity and a prescription to block …

New online bank to serve cross-border transactions from and to Russia

March 24, 2019 July 13, 2019

Bank 131, a new digital bank focused on Russian companies and entrepreneurs that work for global Internet companies and/or buy from global e-commerce companies with a Russia presence, announced today they have received their banking license from authorities – the first and only new bank to do so in four years. Bank 131’s mission is …

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Why lawmakers consider ‘isolating’ Russian Internet

March 22, 2019 March 25, 2019

Next month, the State Duma will likely vote on a second reading of legislation drafted by lawmakers Lyudmila Bokova, Andrey Klishas and Andrey Lugovoy that would guard against and simultaneously facilitate the isolation of the Russian Internet. In mid-February, the bill’s first reading passed with support from 334 of the Duma’s 450 deputies; 69 lawmakers didn’t vote at …

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500 Startups mentor Tristan Pollock: “What surprised me about Moscow winter and Russian startups”

March 20, 2019 December 11, 2020

In late 2018, the Russian state bank Sberbank and 500 Startups launched a joint acceleration program intended for Russian startups with a global potential. Thirty companies enjoyed the support of 25 American mentors and entrepreneurs-in-residence who made the trip to the Russian capital. Among these entrepreneurs-in-residence was Tristan Pollock, whom East-West Digital News met in …

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