Chinese tech giant Huawei has moved some of its staff from Russia to Central Asia over fears of Western sanctions, the Vedomosti business daily reported Monday, citing sources close to the company. Huawei began relocating Chinese and Russian managers and heads of divisions to Kazakhstan and Uzbekistan after the Russian invasion of Ukraine, according to Vedomosti. Some …
China’s UnionPay paymentsystem has stopped accepting cards issued by Russian banks under Western sanctions over fears of penalties, the RBC news website reported Friday, citing financial industry sources. Demand for UnionPay cards in Russia surged following Visa and Mastercard’s exit in the wake of the invasion of Ukraine. A number of major Russian banks subsequently announced plans …
China’s UnionPay cuts off Russian banks over sanctions Read More
Russia fined U.S. streaming platform Twitch on Tuesday for the second time this month over its refusal to remove an interview with an adviser to Ukrainian President Volodymyr Zelensky, state media reported. A Moscow court said Twitch should pay 3 million rubles ($49,500) for the video with Oleksyi Arestovich, according to the TASS news agency. The …
Russia fines Twitch over Ukraine presidential adviser video Read More
Swedish telecom equipment maker Ericsson will finalize its Russia exit and cut staff this year, signaling further problems for Russian network coverage upkeep, the Kommersant business dailyreported Monday. Ericsson’s headquarters in Stockholm had informed its Russian unit last week that it will shut down and employees will be fired by the end of 2022, Kommersant reported, …
One of Russia’s big three e-commerce company says it is sticking with its forecast for turnover growth of 80% this year, despite the sanctions and economic slowdown, Tass reported on August 23. E-commerce sites have benefited from the war as consumers have gone online to find goods that have disappeared from the stores after some …
Ozon keeps 2022 80% turnover growth forecast, but losses increased in H1 Read More
Russian tech giant Yandex said Tuesday it has reached a “binding” deal to sell its news platform and homepage to rival VK as war-related sanctions fuel uncertainty over the Russian tech industry’s future. VK said it exited its joint venture with top lender Sberbank to pave the way for the deal with Yandex, once considered the jewel …
Yandex reaches “binding” deal to divest news service, homepage to VK Read More
VK, previously known as Mail.ru Group, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million). The loss is partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to …
Russian digital giant VK hit by second quarter loss Read More
According to a report published last week by US publication Business Insider, a range of western tech firms are users of FindFace, a controversial face recognition technology developed by Russian startup NtechLab. FindFace matches faces against social media accounts, regardless of privacy rights, among other facial recognition capabilities. Its approach is similar to that developed by US …
The former head of Russia’s top tech firm Yandex Tigran Khudaverdyan has challenged sanctions against him over the Ukraine war in a European Union court. Khudaverdyan filed a lawsuit on June 7 demanding the European Council lift its “discriminatory and disproportionate” sanctions against him. The lawsuit was first reported by TV channel RTVI on Monday evening. Khudaverdyan quit as Yandex executive …
A Russian court fined U.S. tech giants WhatsApp, Snapchat and Tinder on Thursday for refusing to store the personal data of Russian users inside the country, as stipulated by the demanding local legislation, U.S. company Meta, the owner of messaging service Whatsapp, was ordered by Moscow’s Tagansky District Court to pay 18 million rubles (nearly $300,000 at …
Russia fines Apple, Snapchat, Tinder, WhatsApp for data storage law violations Read More
The Russian government intends to spend more than 30 billion rubles ($375 million at the pre-war exchange rate, $500 million at the current rate) on an R&D program to deploy 6G until 2025, reports business daily Kommersant. Skoltech and the Radio Research Institute could conduct the project, which will include the development of equipment prototypes as well as research on electromagnetic …
The Russia-linked hacking group behind the infamous SolarWinds espionage campaign is now using Google Drive to stealthily deliver malware to its latest victims. That’s according to researchers at Palo Alto Networks’ Unit 42 threat intelligence team, who said on Tuesday that the Russian Foreign Intelligence Service (SVR) hacking unit — tracked as “Cloaked Ursa” by Unit 42 but more commonly known as …
Russian hackers behind SolarWinds are now hiding malware in Google Drive Read More
