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How a Ukrainian tech entrepreneur created a startup from a Russian prison

Serge Faguet, a Ukraine-born tech entrepreneur who studied at Stanford and co-founded Russian booking service Ostrovok.ru in the early 2010s, made a public confession last week in a Medium post.  In the summer of last year, a Russian customs agent at the Moscow airport found five tabs of acid — in addition to a US-physician-prescribed …

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Ukraine war spurs US to ramp up Kaspersky security probe

The Biden administration ramped up a national security probe into Russia’s AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters. The case was referred to the Commerce Department by the Department of Justice last year, a fourth person …

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Huawei, Lenovo, Union Pay, Xiaomi: Russia’s hopes for Chinese relief from western sanctions could be dashed to dust

Chinese IT companies are “quietly pulling back from doing business in Russia under pressure from US sanctions and suppliers,” despite calls by Beijing for companies to resist overseas pressure, WSJ reports.   Several major companies are decreasing shipments to Russia, including PC giant Lenovo and smartphone and gadget maker Xiaomi. These two companies have actually stopped deliveries to Russia, even though …

Huawei, Lenovo, Union Pay, Xiaomi: Russia’s hopes for Chinese relief from western sanctions could be dashed to dust Read More

Russian owner of one of the world’s top digital banks says Kremlin forced sale of his stake

UK-sanctioned Russian businessman Oleg Tinkov said the Kremlin forced him to sell his stake in a major bank he had founded after he criticized the Ukraine war. Tinkoff Bank, one of Russia’s most impressive success stories in the tech field, has over 20 million customers — making it one of the world’s biggest digital banks. It is …

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Hacker attacks on Russia gain attention but cause little damage

Two days after the start of Russia’s invasion of Ukraine, a group of hackers managed to get access to several Russian state-owned television channels and broadcast anti-war videos.  But the attack ended after a few minutes and regular programming resumed.  This type of fleeting hacking operation has been repeated many times in Russia in recent weeks in …

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Cheap access to top international video platforms available on Russian darknet

Ads to access Spotify Premium, Netflix Premium, Pornhub and VPN services are flourishing in Russia — be it on the darkness or on legitimate classifieds platforms such as Avito.  Russian business daily Kommersant found no fewer than 60 ads to access Spotify, most often offering offer to join a foreign family account.  Meanwhile, 57 Spotify account …

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Yandex sells news aggregation service to VK amid censorship law and media crackdown

Yandex, the Russian digital giant, announced today “an agreement in principle” to sell its news aggregation service and infotainment platform ‘Zen’ to VK Company. The terms of the considered transaction are not disclosed.  “While the parties have come to an agreement in principle on a transaction, they are continuing to discuss certain technical details, which will be announced …

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Yandex scales back “many planned investments,” withdraws 2022 financial guidance

In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011. After the resignation …

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China’s payment card giant UnionPay backs away from Russia

China’s UnionPay system refused to cooperate with Russia’s biggest lender Sberbank and suspended talks with other banks for fear of secondary sanctions, the RBC news website reported Wednesday.  Russian banks planned to issue cards using UnionPay after Visa and Mastercard suspended operations last month in compliance with sanctions imposed over Moscow’s invasion of Ukraine. The Russian …

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SAP “supports Ukraine” but has “no magical button” to make Russian software licenses disappear

Yesterday SAP announced “further steps” to “support Ukraine” and “plan Russia exit.”  As announced in late March, the global enterprise software giant is in the process of shutting down its cloud services in Russia. As part of this process, “we have given non-sanctioned companies in Russia the choice to have their data deleted, sent to them, or migrated …

SAP “supports Ukraine” but has “no magical button” to make Russian software licenses disappear Read More

Google denies removing blurring for Russia’s military sites

Google Maps denied reports Monday that it had made Russia’s strategic facilities visible to users, allegedly revealing details of the country’s military infrastructure.  Satellite images of military facilities are sometimes blurred by Google Maps, or displayed in lower quality, to protect their classified status.   “We haven’t made any blurring changes to our satellite imagery in Russia,” Google …

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