International

Russian FSB agents allegedly turned over hacker secrets to CIA

August 23, 2017

The treason case against a handful of former Russian Federal Security Service (FSB) agents was launched after the suspects passed several names and other information about Russian hackers to the CIA, an unnamed source reportedly close to the FSB told the TV station Dozhd. Ivan Pavlov, the lawyer for one of the treason suspects, has denied these allegations. As director …

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Russian crowdsourced delivery startup secures new funding to expand across the globe

August 22, 2017

The Russian crowdsourced courier service Dostavista has raised $2.25 million — less than one year after a previous round of funding — from two major Russian VC funds, Buran Venture Capital and AddVenture. The news was reported by business daily Kommersant, which cites exchanges with the startup and the investors. The new funding will allow …

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Western far-right groups started migrating to the Russian Internet after being banned on Facebook

August 20, 2017

There are already more than a hundred neo-Nazi groups with community pages on Vkontakte, Russia’s most popular social network. The groups’ subscribers are users in Russia, the U.S., Germany, Sweden, and other countries. There are also a few dozen hate groups on Vkontakte created and populated entirely by foreigners. Some of these pages have as …

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Russian conglomerate Sistema announces new vehicle to support Indian startups

August 22, 2017

The Russian conglomerate AFK Sistema intends to deepen its engagement with Indian startups with a wholly-owned subsidiary, ‘Sistema India,’ to be launched until the end of this year, the Russian and Indian media have reported. Operating through the Scalerator platform, which is affiliated with Sistema’s existing interests in India, Sistema India will provide hands-on business execution …

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Report: Russia is among the most attractive markets for mobile game marketing

August 22, 2017

Despite fast growth rates, Russia’s online and mobile gaming market still looks modest by size: it reached just $1.4 billion last year, a far cry from China’s $24 billion and significantly less than Europe’s top markets (around $4 billion in the UK and Germany). However, international publishers and marketers may find unusually attractive conditions in Russia, …

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Russia plans to introduce new restrictions on foreign ownership of Internet and telecom operators

August 24, 2017

The Russian Communications Ministry has inspired draft amendments to the telecom legislation, aiming to limit foreign ownership over Internet exchange points to 20%. According to these amendments, domestic ISPs would not be allowed to connect to exchange points that belong to other states, foreign companies or organizations, as well as foreign citizens or Russian nationals with dual citizenship. …

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American neo-Nazi site finds no haven in Russia

August 17, 2017

Following last weekend’s violence by far-right groups Charlottesville, a number of technology companies are taking steps to boot neo-Nazis and other hate groups off their services. Among them are security service provider Cloudflare and Internet domain registrar GoDaddy, which abruptly stopped serving the American neo-Nazi website The Daily Stormer. The site sought a haven in Russia, but it was …

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Russia starts working on Blockchain standardization

December 23, 2018

This past Tuesday Russia’s Federal Agency for Technical Regulation and Metrology (Rosstandart) appointed a new technical committee to work on the standardization of “the software and hardware of distributed register and Blockchain technologies.” “The standardization of Blockchain will allow these technologies to develop at a new level,” expects the agency, acknowledging that Blockchain technology is “actively …

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Russian Sistema invests €2.6 million in Lithuanian drone operator for power networks

August 16, 2017

Sistema Finance, a subsidiary of the Russian conglomerate AFK Sistema, has paid €2.6 million to acquire a 50% stake in a Lithuanian drone operator. Laserpas provides surveillance and high-precision monitoring solutions for large power line operators worldwide. The company employs electric- and petrol-powered long-range unmanned aerial vehicles (UAV) to gather considerable volumes of data “at an unprecedented …

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Apple Pay to add more banks across the US, Russia, and China

August 16, 2017

New banks and credit unions across the US, the UK, Australia, Russia, and China have joined Apple’s list of participating partners as part of the second expansion of Apple Pay this month. In the UK, Cumberland Building Society is now supported, and Latitude Financial Services in Australia also joins the list. In addition to the …

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New fintech fund targets startups operating in Russia or founded by Russians

August 15, 2017

Russia’s fintech investors are not asleep in the summer with yet another fund announced last week. Dubbed ‘Target Global Fintech Opportunities,’ the new investment vehicle will target fintech startups operating in Russia, or abroad with Russian founders, or foreign ones with plans to enter the Russian market. Sergey Solonin, a co-founder of payment service provider Qiwi, …

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