After holding top positions across the Russian energy industry for more than a decade, Oleg Dubnov has been heading Skolkovo’s energy cluster since 2017. He shared with East-West Digital News fresh insights about the emergence of green technologies in Russia, the related industrial challenges and the international potential of Russian startups in this field. So …
Last week Sber, Russia’s financial and tech giant (previously known as Sberbank) announced plans to open an international institute for artificial intelligence in Russia as early January 2021. Sber’s head Herman Gref defined the main mission of the institute as “to provide an interdisciplinary approach to research” in the field of AI. At the …
Sber to launch international AI research institute in Russia Read More
Launched seven years ago in Silicon Valley with support from Sberbank, Fort Ross has made its Russian roots an advantage in the eyes of US startups seeking global development opportunities. The venture firm now aims to enlarge its coverage to Europe, with two new funds announced in the past months. Its General Partner Victor Orlovski …
Over the last years, X5 Retail Group, a leading Russian food retailer listed on the London and Moscow stock exchanges, has undertaken a process of deep digital transformation from procurement automation, to facial recognition, to video analytics. As Head of X5 Technologies, Anton Mironenkov, leads a team of some 2,500 professionals. In this interview with …
American investor Michael Calvey and six other defendants in the Baring Vostok case have been released from house arrest, Russia’s Supreme Court ruled Thursday. This is the latest breakthrough in one of the most high-profile cases in the Putin era involving foreign businessmen. Their private equity fund, Baring Vostok, has been an investor in some of Russia’s …
Michael Calvey freed from house arrest weeks after settlement of civil claims Read More
Fugitive US whistleblower Edward Snowden said Monday he had applied for Russian citizenship but would keep his US nationality. The former American intelligence contractor, who revealed in 2013 that the US government was spying on US citizens and across the world, has been living in exile in Russia since then. He tweeted: “After years of …
Edward Snowden aims to become dual US-Russian citizen Read More
US businessman Michael Calvey and his fund Baring Vostok have reached a deal with former Russian partners in a corporate dispute over their joint investment Vostochny Bank. “The shareholders of Vostochny Bank have settled their corporate dispute” and “signed an agreement to the benefit of the Bank, its clients, depositors and creditors,” the two sides said in …
The transparent part of this mask covers the entire face, protecting both the respiratory system and the eyes from the virus. This way users can see each other’s faces in full, along with all the expressions that are an integral part of normal conversation that were taken for granted prior to the pandemic. Oxima’s creator, Denis Medvedev, is …
Russian startup entrepreneur creates new mask against Covid-19 Read More
Yandex, the Russian Internet giant, is developing an international education platform to train data analysts, data scientists, web developers and other IT specialists. Dubbed ‘Practicum,’ the platform is touted as a “practice-oriented, job-landing bootcamp,” starting with a free 20-hour intro course. After initial roll out in Russia last year, Practicum was made available in English, targeting the US market, …
Yandex offers Russian and US students “a starter pack to break into tech” Read More
Can you study in a top US, Chinese or European university when you have no money and lack family support? The answer is yes, as demonstrated by StudyFree, an online service that helps applicants increase their chances to get a scholarship and be admitted to educational institutions. Now claiming 23,000 users across the world, StudyFree …
Russian-born startup helps students make their international education dreams come true Read More
Yesterday a court in Moscow upheld the house arrest of Baring Vostok founder Michael Calvey on fraud charges despite the revelation that he has a malignant tumor. The US businessman faces embezzlement charges that he says are being used to pressure him in a business dispute. A Moscow court had ruled last month to extend the house …
US investor Michael Calvey kept under house arrest despite cancer revelation Read More
Late last week the head of Russian Venture Company (RVC), Alexander Povalko, was arrested then placed by a Moscow court under house arrest for 45 days. The FSB (Federal Security Service) and police officers ransacked his home. It is the latest high-profile legal case to have rocked the Russian investment world — and market players have been …
RVC head under house arrest: Russian investment world rocked by yet another criminal case Read More
