News

Apple to close Moscow office 9 months after stopping official product sales in Russia

December 21, 2022

Apple is seeking to terminate a lease on its Moscow office, according to real estate sources cited by Russian media. The US firm had opened this corporate office just just before Russia began its war on Ukraine: at that time, in early February 2022,  Apple was first company to comply with new regulations requiring foreign technology firms to localize their operations in …

Apple to close Moscow office 9 months after stopping official product sales in Russia Read More

Kicksharing service Whoosh completes Russia’s first IPO of the year

March 30, 2024

Russia saw Wednesday its first IPO since the war in Ukraine began with local kicksharing service Whoosh raising 2.1 billion rubles ($32.6 million at the current exchange rate) on the Moscow exchange.  The IPO valued the company at 20.6 billion rubles ($320 million). This is a very honorable performance for a Russian startup launched in …

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Russian investors seek assistance in darknet to recover blocked crypto assets

January 30, 2023

Service offers to release Russian investors’ assets blocked on international crypto exchanges are springing up in the darknet, reports Russian business daily Kommersant. Among the methods used are the transfer of the funds to an unblocked account, the renewal of accounts submitting fake KYC information, etc. The cost of such services may vary between 35% and …

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Alexei Kudrin leaves public office to take top role at new look Yandex

November 30, 2022

Former finance minister Alexei Kudrin, once a leading reformist in President Vladimir Putin’s inner circle, is leaving public service to go into business. He is set to take charge of Yandex, Russia’s leading digital company. The transformation of a senior official into a businessman appears to be one of those common attempts to convert political …

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Slush revokes €1 million prize from Russian founded-startup after international outcry

November 22, 2022

Yesterday Immigram, a UK-based but Russian-founded tech immigration platform, opted out from the Slush competition, just a couple of days after winning the first prize.  Almost simultaneously, Slush formally revoked the win “in light of new information on the extent of [Immigram’s] operations in Russia.” The attribution of the Slush prize to a Russian-founded startup had shocked a number of …

Slush revokes €1 million prize from Russian founded-startup after international outcry Read More

How Russian neo-Nazi paramilitary fighters steal cryptocurrency through Ukrainian charity sites — and use it to fund the war

November 22, 2022

The paramilitary group Rusich is one of multiple Russian far-right and neo-Nazi organizations that have fought in the war in Ukraine. Because it’s not an official part of the Russian Armed Forces, Rusich has had to find alternative ways of funding its members’ military equipment and medical needs — and has found the perfect solution in cryptocurrency.  Meduza special correspondent …

How Russian neo-Nazi paramilitary fighters steal cryptocurrency through Ukrainian charity sites — and use it to fund the war Read More

Russian-founded tech migration platform wins €1 million at Slush, spurring controversy over solidarity with Ukraine

November 22, 2022

Immigram, a UK-based tech immigration platform, has won first prize at Slush, Helsinki’s yearly top tech event.  The Russian-founded startup will receive €1 million in investment coming from top global investors including Accel, General Catalyst, Lightspeed, NEA and Northzone.  Immigram had raised half a million just six months ago, earning trust from Joint Journey and Xploration …

Russian-founded tech migration platform wins €1 million at Slush, spurring controversy over solidarity with Ukraine Read More

Skolkovo opens representative office in India

November 21, 2022

As Russia is actively seeking alternative technological partners to circumvent western sanctions, Skolkovo, a major Russian tech hub, is opening a representative office in New Delhi, India. The office will help Indian companies and Skolkovo startups develop cooperation, promote Skolkovo’s international services, organize visits, business events, consultations, as well as educational and research programs.  It …

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Ukrainian hacker group Hdr0: “We aim to destroy Russian supply lines so that Russians can feel the war for themselves”

November 2, 2022

In mid-September, the Ukrainian hacker group Hdr0 attacked the website of Mosoblenergo, a Russian state energy service provider. The hackers put on the home page a picture of Oleksiy Danilov, a high-ranking Ukrainian defense official, walking on the Red Square while the Kremlin was on fire. The hackers also obtained the database of company employees.  …

Ukrainian hacker group Hdr0: “We aim to destroy Russian supply lines so that Russians can feel the war for themselves” Read More

Dutch high-tech sector unconsciously supplies technology to Russia

October 30, 2022

Dutch high-tech companies unknowingly sell their technology to firms founded by the Russian military intelligence service. A spokesperson for the Ministry of Defense confirms this after statements about this by Jan Swillens, head of the Military Intelligence and Security Service (MIVD). He warns in the FD that the Dutch high-tech sector is unwittingly supplying crucial …

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Naspers sells Russian classifieds giant Avito to Russian investor

October 31, 2022

Naspers affiliate Prosus has sold Avito, the Russian classifieds giant, for 151 billion rubles ($2.46 billion at the current exchange), to Kismet Capital Group. The transaction, which was announced in mid-October, was closed earlier this week, reported news agencies. A consortium of banks, headed by Russian Agricultural Bank, organized financing for the transaction, Kismet said.  Avito was valued at $3.85 …

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Russian IT specialist hides in the forest to escape draft order

October 26, 2022

Vladimir Putin’s September 21 mobilization announcement sparked a massive new wave of emigration out of Russia; in early October, Forbes Russia reported that roughly 700,000 people had left the country in the previous two weeks (the Kremlin has denied that the real number is that high). Other potential conscripts, unable or unwilling to leave the country altogether, have gone …

Russian IT specialist hides in the forest to escape draft order Read More

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