It’s time for the big G-20 summit in Hamburg, and Russian phone customizers Caviar are commemorating the occasion with a very special Nokia 3310 (the new one). Encased in the best metals, titanium, and gold, the back features a touching double profile of Trump and Putin. Only 149,000 rubles, or about $2,500. “Wait,” you say. …
The chief executive of Russia’s Kaspersky Lab says he’s ready to have his company’s source code examined by US government officials to help dispel long-lingering suspicions about his company’s ties to the Kremlin. In an interview last week with The Associated Press at his Moscow headquarters, Eugene Kaspersky said that he’s also ready to move …
Kasperky founder offers up code for US government scrutiny Read More
Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …
Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup Read More
Bloomberg reporters Ilya Khrennikov and Alexander Sazonov offer a portrait of Boris Nuraliev, who “basically created an entire industry” by founding and developing 1C. Launched 26 years ago, this company has become a leading seller of enterprise accounting program in Russia. “The economic downturn of 2014 kick-started sales among bigger customers, who sought to cut costs …
How 1C has become Russia’s number 2 enterprise software publisher Read More
In statements made last week at the St. Petersburg International Economic Forum, Russian president Vladimir Putin displayed an unexpectedly strong commitment to the digital economy, in which he sees “a new paradigm for the development of the state, the economy, and society.” “We are capable of taking the lead in a number of areas of …
Putin’s Russia wants to “introduce digital technology in all areas of life” Read More
Arkady Volozh, the co-founder of Yandex, the NASDAQ-listed Russian Internet giant, doesn’t like giving interviews to the media. However, he made an exception this week, following the recent settlement between Google and Russia’s Antimonopoly Service over a lawsuit brought by Yandex. Speaking to Anastasia Golitsyna, a correspondent for the business daily Vedomosti, Volozh answered questions …
Oleg Giyazov, the founder and director of Russian startup RRT Global, a developer of oil refining technology, has been included in a list of the world’s top five most promising engineers by Hydrocarbon Processing magazine. The winners will be announced at the Hydrocarbon Processing Awards ceremony on June 7 in Vienna, Austria. Based in St. …
Head of Russian oil refining startup named one of world’s top engineers Read More
The global AI investment fever has hit Eastern Europe with two funds, Larnabel VC and VP Capital, making their first local and international deals under a joint $100 million investment program. Larnabel VC is the venture arm of the Gutseriev family, one of the richest in Russia. VP Capital is the investment vehicle of Belarussian businessman Viktor Prokopenya. Any project types are potentially eligible. “We …
Russian and Belorussian businessmen invest $100 million in AI projects worldwide Read More
International players are eyeing the Russian e-commerce market, which reached some $26 billion last year (including $16 billion for physical goods), according to EWDN’s latest industry reports. In spite of the economic crisis in Russia and the ruble’s depreciation, Russia is still a land of opportunities for foreign players — Chinese and Western ones alike, — …
This year DPD is celebrating its 25th anniversary in Russia. The company started its operations by transporting large-size equipment for the oil sector. In 1998, the Swedish post acquired a share in the company. In 2004, GeoPost – an international holding which is part of Groupe La Poste – acquired it. The company started serving …
USM Holdings, which is controlled by Alisher Usmanov and his business partners, has entirely divested its stake in Chinese Alibaba. DST Global, a fund controlled by Usmanov and Yury Milner, Silver Lake and Chinese fund Yunfeng Capital led a consortium that invested $1.6 billion in Alibaba in 2011. The deal was structure as an acquisition …
Usmanov sells off entire Alibaba stake, retains small stake in Apple Read More
Russian anti-corruption lawyer and politician Alexei Navalny is accepting donations in bitcoin in his newly-announced bid for the 2018 presidential election, according to the candidate’s website. The campaign also accepts Yandex.money, bank cards and PayPal. On Tuesday, Leonid Volkov, head of Navalny’s electoral campaign tweeted that in the first 3.5 hours of his campaign, he received his first …
Putin critic and Russian presidential candidate Alexei Navalny accepts bitcoin donations Read More
