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Instagram blocked in Russia, hitting crowds of individual entrepreneurs

March 18, 2022

Today the Russian authorities blocked access to Instagram in the country after they accused its parent company Meta of allowing hate speech against Russians, including the military, on its platforms. Instagram now appears on a list of “restricted” online resources published by the authorities. Earlier this month Roskomnadzor, the Internet and telecom regulator, already blocked access to …

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How two Russian-founded startups in the US became collateral victims of Putin’s war on Ukraine

March 14, 2022

After Russian entrepreneurs asserted themselves last year as chief disruptors in the global food delivery industry —  fulfilling orders in around 15 minutes in a variety of Western cities — some of them are now falling as collateral victims of Putin’s war on Ukraine.  In early March Buyk — a fresh food delivery service with sizeable operations in New York and Chicago — abruptly …

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Cryptoasset sector told by UK regulators to comply with Russian sanctions

March 12, 2022

Financial services firms including those in the cryptoasset sector were warned by Britain’s regulatory bodies on Friday that they were expected to ensure sanctions imposed against entities and individuals in Russia and Belarus were complied with. “We are working closely with partners in government and law enforcement both here and abroad, including regulatory authorities, to …

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Instagram and Whatsapp face ban in Russia after Meta allowed hate speech against Russian invaders

March 14, 2022

Meta’s properties — including Facebook, Instagram and Whatsapp — are likely to cease their activities completely in Russia as the US social media company is now facing a criminal investigation over calls for violence targeting the Russian invaders of Ukraine. “A criminal case has been initiated (…) in connection with illegal calls for murder and …

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Amazon suspends access to Prime Video in Russia, halts shipments to the country

March 13, 2022

Amazon is suspending access to Prime Video for customers based in Russia amid the country’s invasion of Ukraine. In a blog post about the announcement, the company also noted that it has suspended the shipment of retail products to customers based in Russia and Belarus. Amazon will also no longer be accepting new Russia and Belarus-based AWS …

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Naspers writes off $700 million investment in Russian Internet major VK Company

March 9, 2022

Prosus, a Dutch investor affiliated to South African Naspers, announced yesterday it will write off its 25.9% stake in VK Company. This stake was valued on its books at $700 million, as stated by the company. “Over the last week, international sanctions have been imposed on many Russian entities and individuals. These include sanctions on the CEO and indirect …

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Google pauses its ad sales in Russia, Microsoft pauses sales

March 5, 2022

In further responses from the tech industry to Russia’s invasion of Ukraine last week and the country’s continued aggression against its neighbor, Google and Microsoft have both now said they’re pausing sales in Russia. We understand that Google’s pause — which is focused on its own ad sales — began last night and has been …

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Russia bans Facebook, BBC, Voice of America; Twitter and YouTube could be next

March 5, 2022

As it seeks to control the narrative about its war in Ukraine, Russia blocked access to Facebook today.  The Internet regulator Roskomnadzor justified its decision by alleged discriminations against Russian media and information resources. No fewer than 26 such cases have been recorded since October 2020, according to Roskomnadzor. The most recent cases concerned the Facebook accounts …

Russia bans Facebook, BBC, Voice of America; Twitter and YouTube could be next Read More

After Nasdaq stock suspension, Yandex could default on $1.25 billion convertible notes

March 5, 2022

Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could default in a matter of days. The company warned about this risk today even though none of its entities, main shareholders, directors or managers have been targeted by western sanctions.  The threat originates in the fact that, this past Monday, the …

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