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Russian influencers desperately scramble to maintain their followers — and livelihoods

April 5, 2022

As waves of wartime sanctions by foreign governments and private companies hit Russia, the country’s creator economy is in flux. The state ban on both Instagram and Facebook, Google’s ban on most YouTube monetization in the country, and restrictions on the ability of Russian users to upload videos to TikTok have instigated a mass platform …

Russian influencers desperately scramble to maintain their followers — and livelihoods Read More

Russian e-commerce major Ozon rules out any default risk, but trading still suspended on Nasdaq

March 29, 2022

Just weeks after warning of a potential bond payment issue, Russian e-commerce major Ozon is now ruling out any default risk. Cited by news agency RIA, the company’s business development director Anna Karpova said Ozon had “113 billion rubles on its accounts,” which is enough to “cover [its] obligations.” “We see loyalty on the part of [securities …

Russian e-commerce major Ozon rules out any default risk, but trading still suspended on Nasdaq Read More

Anonymous hacktivists claims to have leaked 35,000 files from Russia’s central bank

March 27, 2022

Hackivist group ‘Anonymous’ claimed Thursday its affiliate group Black Rabbit World (@Thblckrbbtworld) had leaked 35,000 files from Russia’s central bank.  The group exposed the stolen files — 28 GB of data — Friday evening, sharing two links to the file hosting service Mega NZ. The folders contain Office and TXT files. Most documents are written in Cyrillic, some are in English. …

Anonymous hacktivists claims to have leaked 35,000 files from Russia’s central bank Read More

Russian IT brain drain accelerates dramatically as economy collapses

April 2, 2022

Since the war in Ukraine began, triggering unprecedented international sanctions against Russia, some 50,000-70,000 Russian IT professionals have left their country, reports the Russian Association of Electronic Communications (RAEC). This is only a first wave, says the association, which expects up to 100,000 additional IT workers to leave in April.  “The only things holding back …

Russian IT brain drain accelerates dramatically as economy collapses Read More

Miro, a US decacorn born in Russia, closes Russian office and commits €1 million for humanitarian support in Ukraine

March 21, 2022

In a strong symbol of the crash of Russia’s technology sector, Miro, a US-based decacorn created in Russia eleven years ago, announced last week it was closing its office and stopping sales in its native country.  “We are devastated by the escalating war and human tragedy in Ukraine. We continue to call for a swift end …

Miro, a US decacorn born in Russia, closes Russian office and commits €1 million for humanitarian support in Ukraine Read More

Caught between Russia’s censorship and West’s sanctions, Yandex seeks to sell assets

March 21, 2022

Yandex, the Russian online search giant — also running a variety of other digital services — is exploring different “strategic options, including disvestment, for its news aggregation service and infotainment platform Zen.” The company stated Friday it intended to “focus on developing its other technology-related businesses and products (including search, advertising, self-driving and cloud) and transactional services (including ride-hailing, e-commerce, …

Caught between Russia’s censorship and West’s sanctions, Yandex seeks to sell assets Read More

“This destroys my five years of hard work:” How Instagram ban affects Russians’ everyday lives

March 18, 2022

It’s been two days since Roskomnadzor blocked Instagram in Russia. The agency, which is in charge of telecommunications control and censorship, believes that the social network is filled with “calls to commit violent actions against Russian citizens and military personnel.” Russia’s Attorney General has called for Meta, Instagram’s parent company, to be blacklisted as an “extremist organization.” …

“This destroys my five years of hard work:” How Instagram ban affects Russians’ everyday lives Read More

Russia’s App Store lost nearly 7,000 apps since its invasion of Ukraine, but some Big Tech apps remain

March 17, 2022

The Russian App Store has lost 6,982 mobile apps since the start of the Ukraine invasion, as numerous companies have now pulled their apps and games from Apple’s iPhone and iPad App Stores in the country, according to data shared with TechCrunch by app intelligence firm Sensor Tower. To date, those apps had been downloaded around …

Russia’s App Store lost nearly 7,000 apps since its invasion of Ukraine, but some Big Tech apps remain Read More

Russian startup raises millions to revolutionize garbage collection

March 19, 2022

East-West Digital News is happy to bring to its readers this business-as-usual, non war-related story. As industry publication RB.RU just reported, a Russian garbage recycling technology startup called Ubirator raised 170 million rubles (some $2.25 million at the pre-war exchange rate).  Founded in 2018 by Nikita Nikishkin and Alexey Khatskevich, two MIPT (PhysTech) graduates, Ubirator …

Russian startup raises millions to revolutionize garbage collection Read More

Russian and Belarusian VCs launch international petition “against the bloodshed in Ukraine”

November 21, 2022

Even as Russian authorities are taking unprecedented measures to silence opposition or even free expression, an “international VC and startup petition against the bloodshed in Ukraine” started circulating in the Russian and Belarusian tech business community. Prominent tech investors from or connected with these countries signed the petition just hours after its release. Other signatories …

Russian and Belarusian VCs launch international petition “against the bloodshed in Ukraine” Read More

Yandex top executive quits after surprise EU sanctions

March 19, 2022

The head of Russia’s top technology firm Yandex quit late Tuesday after being slapped with EU sanctions in response to Moscow’s invasion of Ukraine. Brussels hit Yandex executive director and deputy CEO Tigran Khudaverdyan with an asset freeze and travel ban earlier in the day, citing the firm’s role in “hiding information” from the Russian …

Yandex top executive quits after surprise EU sanctions Read More

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

March 15, 2022

Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks …

Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates Read More

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