The Russian government “has determined the future of digital currencies in Russia,” an announcement published late Tuesday stated. The authorities have elaborated a plan to integrate the circulation of cryptocurrencies into Russia’s financial system and to establish control over crypto-related flows in the banking system. Contrasting with the central bank’s recent proposal to impose a ban on crypto trading, investment …
Today’s Google doodle is an image of the Russian State Historical Museum, one of Russia’s oldest and most revered collections of Russian culture and history. It commemorates the museum’s 150th anniversary celebrated on Wednesday. The doodle was created by Russian-guest artist and Muscovite Toma Vagner. “I would like my doodle to serve as a reminder of this beautiful …
A Google doodle for the Russian State Historical Museum Read More
Softline, a Russian-founded IT solution and service provider listed on the London and Moscow stock exchanges, is to acquire Umbrella Infocare, an Indian cloud service company. This provider offers “rich and very advanced services expertise” in Amazon Web Services (AWS) and Citrix solutions. Its team of more than 200 people has served some 250 customers across various industries, completing …
Softline acquires Indian provider to strengthen global cloud service offering Read More
On Feb. 1 Lenta, a major Russian retail group listed in both Moscow and London, announced it completed the acquisition of online-retailer Utkonos from Severgroup. Lenta will finance the 20 billion-ruble ($246 million) transaction by an additional issuance of its shares, which will be placed by closed subscription to Severgroup. As reported previously, preemptive rights may be exercised …
Russian retail major Lenta completes acquisition of e-grocery pioneer Utkonos Read More
Apple has opened a representative office in Russia, the Russian Internet and Telecom regulator said Friday, becoming the first company to comply with new regulations requiring foreign technology firms to localize their operations in the country. Some 13 foreign technology companies are required to open local offices and fulfill a string of other technical requirements, like …
Global digital giants must go local: Apple opens representative office in Russia Read More
Earlier this week several top Russian e-commerce companies announced impressive results for 2021, even though brick-and-mortar retail fully reopened in the country. Market leader Wildberries, Nasdaq-listed Ozon, and international platform AliExpress Russia significantly overperformed the market, which grew by at least 40% according to preliminary estimates (InfoLine). Wildberries: +93% Wildberries announced the turnover of its marketplace …
Russian e-commerce keeps growing fast: market leaders doubled sales in 2021 Read More
Bitcoin and cryptocurrencies are at a tipping point as two rival major world powers – the U.S. and Russia – both appear to be moving towards state acceptance of digital money, affirms the CEO of global financial giant deVere Group. The bold assertion from Nigel Green comes as the Biden administration is preparing an executive …
US and Russia eyeing bitcoin: A moment of critical mass for crypto? Read More
On Monday, Jan. 31, a Moscow court rejected Booking.com’s appeal against a 1.3 billion ruble fine ($17 million at the current exchange rate) in relation with alleged violation of the antimonopoly legislation. While expressing its “disappointment” with the ruling, Booking.com said it intends to pay the fine. The company does not rule out “further legal …
Booking.com to pay 1.3 billion ruble fine over abuse of dominant position Read More
As Western powers could restrict supplies of IT equipment and support as part of potential sanctions against Russia, Sber is preparing for all scenarios. Last week, as reported by Kommersant, the state-controlled financial giant conducted technical exercises simulating the interruption of technical support from Microsoft, Nvidia, SAP, VMware and other companies. In a bid to gain more …
How Russian customers of Western IT equipment prepare for potential sanctions Read More
On March 3, 2022, Moscow will host the nation-wide business forum “Smart City & Region: Digital Technologies on the way to Smart Country.” The event will be held offline, with the possibility of participating in online broadcast. This event aims to establish an open and trusting dialogue between government authorities and business; assess the situation and forecast its development; formulate specific proposals that can be used …
New approaches to smart city and smart region discussed at Moscow forum (March 3) Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …
The Eastern European paradox: How a troubled region generates unicorns and decacorns Read More
Last week Nexters — a Russian-founded gaming company which went public on the Nasdaq last summer by merging with a SPAC — announced a series of acquisition and investment deals. With a total upfront investment of around $100 million, Nexters will take control of three game studios: RJ Games (Russia), a puzzle RPG major and the publisher of Puzzle Breakers; Royal Ark (Russia), …
Nexters acquires gaming studios, Rostelecom eyes cloud gaming company Read More
