Yesterday four key European business associations operating in Russia published a “common statement” with regards to the Baring Vostok case in which two foreign top managers of the firm, US citizen Michael Calvey and French citizen Philippe Delpal, were detained Friday. These business associations stated the following: The Association of European Businesses, the German-Russian Chamber …
US citizen Michael Calvey, a figure of the Russian private equity scene, was detained Friday in Moscow as part of a large-scale fraud investigation (read more about the charges). The news has put the Russian investor and tech community under shock. Calvey is the founder of Baring Vostok Capital Partners, one of the most established …
Baring Vostok founder under arrest: The Russian tech investment community under shock Read More
In 2013 the Massachusetts Institute of Technology (MIT) – one of the world’s most prestigious, and wealthiest, universities – entered a $300 million collaboration to found the Skolkovo Institute of Science and Technology, or Skoltech, outside the Russian capital. MIT elected Vekselberg to its board of trustees in 2013, a move that appeared to cement a …
MIT quietly untangles itself from blacklisted Russian billionaire Read More
Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …
Corel acquires leading cross-platform solution publisher Parallels Read More
In a new illustration of the anti-Russian suspicion climate in the US, the indirect links of Amazon Web Services (AWS) with Viktor Vekselberg are raising questions while the company is bidding for Jedi, a highly sensitive and controversial Pentagon contract. The Russian billionaire, president of Skolkovo Foundation, has been sanctioned for his closes ties to the …
US company’s indirect ties with Vekselberg raise fears over US military sensitive data Read More
Twitter has suspended an account that it said had been impersonating Russian President Vladimir Putin. The account tweeted in the English language and had attracted 1 million followers before it was shut down. Twitter said the page, using the handle @putinRF_eng, was a fraud that represented itself as an official government site. The social-networking service said …
Twitter suspends account that ‘impersonated’ Putin, issuing tweets in English Read More
Tezis.io, a Russian startup that helps its users invest in stocks from Russian and US companies, has just secured some $1 million from Target Global Fintech Opportunities Fund (TGFOF) with participation from business angel Nikita Mikhin. Launched in 2016, Tezis currently claims to serve 6,000 individuals and as well as two Russian brokerage companies, Aton and …
Russian fintech startup Tezis.io secures $1 million, prepares for international expansion Read More
After investing $17 million in Telegram’s ICO private presale this past winter, Sergey Solonin, a co-founder of payment operator Qiwi, has committed to invest 220 million rubles (roughly $3.5 million at the current exchange rate) in Skolkovo Digital, the IT fund managed by Skolkovo Ventures, Skolkovo announced on June 1. Skolkovo Digital primarily targets startups in the …
Skolkovo Ventures attracts over $8 million from QIWI co-founder and Russian Helicopters Read More
Russian billionaire Viktor Vekselberg, who controls conglomerate Renova and heads the Skolkovo Foundation, is one of the 24 Russian businessmen targeted by the new wave of US anti-Russian sanctions announced last month. Thus, Vekselberg may have become a “toxic” figure for Western funds or companies. As revealed last week by The Bell, a Russian online business …
Targeted by sanctions, Viktor Vekselberg becomes toxic figure on the US financial market Read More
Pavel Terentiev is Managing Partner at AddVenture, a fund launched in 2008, at the very early days of the Russian venture industry. In this exchange, he recalls the spectacular development of the Russian venture scene over the past ten years, and explains how savvy entrepreneurs and investors can seize the opportunities of the undergoing digital …
Telegram, the popular encrypted messenger launched by Pavel Durov in 2013, is not allowing persons falling into international sanction lists to participate in its giant ICO. This restriction is specified in the standard Telegram ICO investor form, the Russian business publication RBC wrote yesterday after getting acquainted with the document. The ban applies to the …
Investors from EU and US sanction lists banned from Telegram’s ICO Read More
Born in Soviet Kazakhstan, Oskar Hartmann emigrated to Germany as he was still a child. In 2008, at the age of 27, he moved to Russia with the aim to launch his first business. He founded KupiVIP, Russia’s first flash-sales fashion site. Supported by international investors, and taking advantage of the opportunities of the Russian …
Oskar Hartmann: “Everything is the same in Russia, but just comes a little bit later” Read More
