“The largest DDoS attack in Ukraine’s history,” according to the digital transformation minister Mykhailo Fyodorov, took place this past Tuesday, Feb. 15 — just one month after a previous attack. The attack targeted the websites of the defense ministry and armed forces as well as two of Ukraine’s two largest banks – PrivatBank and Oschadbank. Starting at 3pm that day, …
While asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startup entrepreneurs are also penetrating neighboring segments. From urban delivery, to mobility, to local or international freight, some of them receive generous support from VCs, as illustrated by four recent deals. …
Tinkoff’s mortgage loan offering is the first of its kind in Russia: the process will take place entirely online, from paperwork to credit issuance. Since Tinkoff has always been branchless, customers will not need to visit a brick-and-mortar location at any stage of the transaction, including when applying for electronic signatures. First, Tinkoff customers will be …
Tinkoff introduces Russia’s first digital mortgage loans Read More
Can you imagine cargo being shipped between Europe and Australia in just a couple of hours using clean liquid hydrogen fuel? A few months after his SPAC misfortune, serial entrepreneur Mikhail Kokorich — whom his PR team describes as being “like Russia’s Elon Musk” — claims this will soon come true. His new company Destinus is building a hydrogen-powered, zero-emissions, transcontinental cargo drone. With hypersonic …
Russian internet giant Yandex on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around $6.5 billion, driven in part by high turnover growth in e-commerce. Yandex’s core advertising business, which accounted for 47% of total revenue in the fourth quarter of 2021, suffered during the …
Yandex eyes $6.5 billion revenue in 2022, sharp e-commerce growth Read More
Sber, Russia’s state-controlled financial and digital giant (previously known as Sberbank), and the Skolkovo Institute of Science and Technology (Skoltech), intend to develop software program to “evaluate the carbon balance drawing on remote sensing of the Earth.” The program aims to “facilitate the comprehensive analysis [which is] required [to make] effective decarbonization decisions and design …
Decarbonization: Russian scientists bet on AI while government sets meagre country goals Read More
This Thursday, a Russian military court handed down sentences for terrorism to three teenagers from the Siberian town of Kansk. The boys were arrested in the summer of 2020 for posting leaflets with political slogans on the local FSB building. After searching their phones and uncovering a “plot” to blow up a virtual rendering of …
Today’s Google doodle is an image of the Russian State Historical Museum, one of Russia’s oldest and most revered collections of Russian culture and history. It commemorates the museum’s 150th anniversary celebrated on Wednesday. The doodle was created by Russian-guest artist and Muscovite Toma Vagner. “I would like my doodle to serve as a reminder of this beautiful …
A Google doodle for the Russian State Historical Museum Read More
Softline, a Russian-founded IT solution and service provider listed on the London and Moscow stock exchanges, is to acquire Umbrella Infocare, an Indian cloud service company. This provider offers “rich and very advanced services expertise” in Amazon Web Services (AWS) and Citrix solutions. Its team of more than 200 people has served some 250 customers across various industries, completing …
Softline acquires Indian provider to strengthen global cloud service offering Read More
On Feb. 1 Lenta, a major Russian retail group listed in both Moscow and London, announced it completed the acquisition of online-retailer Utkonos from Severgroup. Lenta will finance the 20 billion-ruble ($246 million) transaction by an additional issuance of its shares, which will be placed by closed subscription to Severgroup. As reported previously, preemptive rights may be exercised …
Russian retail major Lenta completes acquisition of e-grocery pioneer Utkonos Read More
Apple has opened a representative office in Russia, the Russian Internet and Telecom regulator said Friday, becoming the first company to comply with new regulations requiring foreign technology firms to localize their operations in the country. Some 13 foreign technology companies are required to open local offices and fulfill a string of other technical requirements, like …
Global digital giants must go local: Apple opens representative office in Russia Read More
Earlier this week several top Russian e-commerce companies announced impressive results for 2021, even though brick-and-mortar retail fully reopened in the country. Market leader Wildberries, Nasdaq-listed Ozon, and international platform AliExpress Russia significantly overperformed the market, which grew by at least 40% according to preliminary estimates (InfoLine). Wildberries: +93% Wildberries announced the turnover of its marketplace …
Russian e-commerce keeps growing fast: market leaders doubled sales in 2021 Read More
