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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Twitter launches Tor service allowing users in Russia to bypass internet blocks

March 12, 2022

Twitter has become the latest tech giant to launch a dedicated Tor onion service, days after it was blocked in Russia following its invasion of Ukraine. The launch will allow users in Russia to bypass the government’s internet blocks that are stifling the flow of information across the country. Alec Muffett, a cybersecurity researcher with …

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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 …

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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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Global startup funding announcements slowed dramatically following Russia’s attack on Ukraine

March 6, 2022

Following Russia’s invasion of Ukraine, global venture funding announcements and disclosures have slowed dramatically. Since last Thursday, when the attack commenced, just 154 companies across the globe have revealed a seed, early- or late-stage venture investment of disclosed size, per Crunchbase data . Altogether, those rounds totaled $3.65 billion.  That works out to an average of $912 …

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Russian VC Alexey Solovyov: “In the globalized Russian venture community, the impact of the sanctions will probably be attenuated”

March 2, 2022

As the Russian economy seems to be sinking as a result of the western sanctions, Alexey Solovyov, a figure of the Russian venture scene, has a nuanced analysis of the impact on his industry. From a deal cancelled to the disruption of an essential banking service, the crisis has already affected his firm and portfolio …

Russian VC Alexey Solovyov: “In the globalized Russian venture community, the impact of the sanctions will probably be attenuated” Read More

Russia weighs pros and cons of using crypto to evade Western sanctions

March 1, 2022

As Western powers began cutting off its access to the SWIFT interbank payment system, Russia could turn to cryptocurrency to bypass sanctions. This Monday Sergey Glazyev, a former Russian minister and advisor to President Putin, made this suggestion in an interview to Russian TV channel RBC.  Cryptocurrencies can become an alternative for settlements with Western countries, allowing Russia to continue …

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