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Kremlin weighs options for isolating Russian Internet in event of crisis, fuelling concerns from rights activists and free-minded bloggers

On October 1st, the Russian Security Council will discuss issues of internet protection in emergency situations, such as military action or mass protests inside the country. In addition, the possibility of handing over domain administration functions to the state will be considered. While the Kremlin insists that the main purpose of the meeting is to …

Kremlin weighs options for isolating Russian Internet in event of crisis, fuelling concerns from rights activists and free-minded bloggers Read More

Russian IT companies: “Our business is obstructed not by sanctions themselves but by the things that generated them”

Russian IT companies called the issue of import substitution in IT as the key subject in the industry in 2014. This verdict was reached by the participants of the media briefing “Focus on import substitution: chance or risk for Russian IT industry?” that was held on September 9 in Moscow as part of the 15th anniversary …

Russian IT companies: “Our business is obstructed not by sanctions themselves but by the things that generated them” Read More

Russian payment operator Cyberplat offers alternative to SWIFT for domestic transactions

Cyberplat, a major operator of cash and electronic payment services, has a product ready that can serve as a functional analog of the global interbank financial notification exchange system SWIFT for domestic operations. Cyberplat sent information about its product, CyberFT, to almost 300 Russian banks, reported Russian tech publication CNews.ru.

Russia and China consider creating joint nanotech fund

Rusnano, the Russian state-owned corporation dedicated to nanotechnologies, has proposed the creation of a joint Russian-Chinese fund for investing in this sector, head of the corporation Anatoly Chubais stated. According to Chubais, the proposal was made at a recent session of the first Russian-Chinese commission on investment cooperation between Russia and China. “The idea is …

Russia and China consider creating joint nanotech fund Read More

Medvedev: Skolkovo financing in place

Russian Prime Minister Dmitry Medvedev has told business daily Vedomosti that public and private financing is in place “in its entirety” to see the Skolkovo project through. Speaking to the newspaper on its 15th anniversary, Medvedev noted that although the country had changed since he set up Skolkovo as president in 2010, “everything is going according …

Medvedev: Skolkovo financing in place Read More

Russian pension funds to invest $1 billion in venture funds and innovative companies

In a confirmation of the country’s commitment to developing new technologies, the Russian government announced that a fraction of the total assets of the country’s pension savings funds will be invested in the shares of venture capital funds, as well as in securities and the financial instruments of high-tech companies. Prime Minister Dmitry Medvedev has …

Russian pension funds to invest $1 billion in venture funds and innovative companies Read More

“We are aiming for total IT sovereignty in Russia,” says Russian Minister

Communications and Mass Media Minister Nikolai Nikiforov has announced that “no quicker” than in three years the ministry plans to develop such a strong IT sector that the country no longer needs foreign software. “We are aiming for total IT sovereignty in Russia. And it’s achievable in principle. Russia has always been renowned for its programmers,” …

“We are aiming for total IT sovereignty in Russia,” says Russian Minister Read More

As crisis deepens, EBRD freezes new investment in Russia

The European Bank of Reconstruction and Development, or EBRD, on Wednesday froze financing of new projects in Russia amid escalating international condemnation of Russia’s alleged role in the downing of a passenger jet in eastern Ukraine. “A majority of the board of directors of the EBRD, including all European Union member states and several non-EU shareholders, have given clear guidance to the EBRD management that, for the time being, they will …

As crisis deepens, EBRD freezes new investment in Russia Read More

New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia

Some foreign players panicked last week when they learned about the new rules adopted by the Russian parliament regarding the collection and storage of personal data – which will be allowed only on Russian territory starting from Sept. 2016. Concerns were fuelled by inflated media reports, including a Google Translate-based article that appeared on an …

New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia Read More

Ukrainian state agencies to stop using Russian software

As Russia is seeking to lessen its reliance on foreign technology and digital services, Ukraine has also undertaken measures with its parliament recommending to cease using Russian-created software in state agencies. Software created in Russia may carry cyber threat, believe the proponents of the bill – MPs Oleksandr Mochkov from Udar and Valeriy Omelchenko from the Party of Regions, – which was adopted on …

Ukrainian state agencies to stop using Russian software Read More

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