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State-owned investment corporation Rusnano struggles with “disproportionate debt”

November 29, 2021

Earlier this month Rusnano, the state-owned investment corporation set-up in 2007 to nurture nanotechnologies and related innovation, admitted it had accumulated a “disproportionate debt,” reports TheBell.io. On Friday, Nov. 19, the Central Bank ordered the Moscow Stock Exchange to suspend trading of Rusnano’s bonds, while company management were reportedly locked in debt restructure negotiations. Unsurprisingly, …

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Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance

November 26, 2021

Tinkoff, the Russian digital banking giant, has taken control of Just Look, the company behind the Jump.Finance payment automation service. Tinkoff purchased a 51% stake under undisclosed terms. Founded in 2017 by Anton Kirillov (CEO) and Mikhail Kirchenko (CTO), Jump.Finance has asserted itself as a major provider of payment automation software for taxi fleets, car dealers, delivery companies, scrap collector …

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Beyond Meat hit by Russian counter-sanctions

November 28, 2021

U.S. fake meat manufacturer Beyond Meat has fallen foul of Russia’s counter-sanctions on Western food imports, the Kommersant business daily reported Thursday. Imports of Beyond Meat’s plant-based meat alternatives have been suspended due to a dispute over whether the products violate Russia’s sweeping ban on Western agricultural products. The food embargo was introduced in 2014 in retaliation to EU …

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Russian jewelery made available to Western European consumers via Zalando

January 20, 2022

Jewelery lovers from France, Germany and Italy can now buy creations from Sokolov, one of the most established Russian jewelers, through Zalando. Sokolov is the first Russian jewelery brand to have made its products available on this major Western European marketplace.  Zalando customers can receive these Russian-made items within just 1-2 days (premium service) or …

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“A new Dreyfus affair:” Ilya Sachkov asks President Putin to be transferred from jail to house arrest

November 23, 2021

Ilya Sachkov, the top cybersecurity businessman who was arrested under charges of “state treason” in late September,  has claimed he is innocent and asked President Putin to be transferred from jail to house arrest during the investigation.  Excerpts of his letter to Putin were shared with Forbes Russia by Sachkov’s lawyer Sergey Afanasyev. “I think this is a …

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VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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Auchan partners with Sber to accelerate ‘phygital’ commerce development

November 18, 2021

Auchan has inked with SberMarket — a delivery service owned by Sber, the state-controlled financial and digital giant — a “strategic cooperation” agreement in the field of e-commerce. The agreement will be in force until 2028, according to a Sber press-release. The partnership aims to “accelerate the development of Auchan’s ‘phygital’ commerce in Russia. The parties …

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New fund launches in Russia: digital bank, mobile operator and alleged Putin daughter in the game

November 18, 2021

The ‘Fund for Technological Investments,’ a newly registered startup investment vehicle, made the news in Russia last week. This was due neither to any impressive investment capacity (just around 3 million rubles, or $40,000, per deal), nor to any special investment thesis. What is less common is the identity of one the instigators of this …

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After buying fake vaccination certificates, half million Muscovites have their data for sale on Darknet

November 25, 2021

Darknet forums and Telegram channels have started selling databases containing the personal information of Russians who purchased fake COVID-19 vaccination certificates and forged PCR test results. Journalists at Kommersant spoke to one vendor who offered to sell them a database with 1,000 lines of information for $120. The file contained people’s passport numbers, insurance policy numbers, telephone …

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Russian-founded incident management tool Amixr acquired by US major Grafana Labs

November 12, 2021

US open source software platform Grafana Labs has acquired a Russian-founded startup called Amixr. Launched in 2019, this company has developed an incident management platform that allows DevOps and SRE engineers to “optimize channels, recipients, and content” and solve IT problems more rapidly.   Grafana Labs provides a monitoring solution for databases, featuring “beautiful, flexible dashboards” to “create, explore and …

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Russia’s Sber joins Council of Europe technology corporate partnership program

November 12, 2021

Sber, the Russian state-controlled financial and digital giant, is joining a Council of Europe technology partnership program. “The parties are set to exchange information, opinions, and best practices while developing interaction and partnership in high-tech fields,” Sber stated.  The agreement was inked on Nov. 10 during Sber’s international AI conference, Artificial Intelligence Journey — in which Bjørn Berge, Deputy Secretary General of …

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