State-owned investment corporation Rusnano struggles with “disproportionate debt”

November 29, 2021

Earlier this month Rusnano, the state-owned investment corporation set-up in 2007 to nurture nanotechnologies and related innovation, admitted it had accumulated a “disproportionate debt,” reports TheBell.io. On Friday, Nov. 19, the Central Bank ordered the Moscow Stock Exchange to suspend trading of Rusnano’s bonds, while company management were reportedly locked in debt restructure negotiations. Unsurprisingly, …

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Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance

November 26, 2021

Tinkoff, the Russian digital banking giant, has taken control of Just Look, the company behind the Jump.Finance payment automation service. Tinkoff purchased a 51% stake under undisclosed terms. Founded in 2017 by Anton Kirillov (CEO) and Mikhail Kirchenko (CTO), Jump.Finance has asserted itself as a major provider of payment automation software for taxi fleets, car dealers, delivery companies, scrap collector …

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Beyond Meat hit by Russian counter-sanctions

November 28, 2021

U.S. fake meat manufacturer Beyond Meat has fallen foul of Russia’s counter-sanctions on Western food imports, the Kommersant business daily reported Thursday. Imports of Beyond Meat’s plant-based meat alternatives have been suspended due to a dispute over whether the products violate Russia’s sweeping ban on Western agricultural products. The food embargo was introduced in 2014 in retaliation to EU …

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Sber creates virtual human to host Russian TV show

November 27, 2021

A virtual human built by Russian tech and finance giant Sber (ex-Sberbank) is hosting the Markets and Investor Calendar shows on RBC TV this month. Sber’s subsidiary SberDevices designed virtual host Elena using its new Visper platform for transforming pictures and audio recordings into AI characters that can realistically imitate human beings. Elena is an …

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Russian jewelery made available to Western European consumers via Zalando

January 20, 2022

Jewelery lovers from France, Germany and Italy can now buy creations from Sokolov, one of the most established Russian jewelers, through Zalando. Sokolov is the first Russian jewelery brand to have made its products available on this major Western European marketplace.  Zalando customers can receive these Russian-made items within just 1-2 days (premium service) or …

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Venture Camp in Dubai: A breathtaking business and leisure experience!

December 7, 2021

This VC Camp in the UAE will uniquely combine networking, learning, and adventure. Reserved for tech investors, this event offers a rare opportunity to find partners, discuss deals, learn from each other — and have loads of fun!  Camp features include:  Interactive masterclasses and group discussions Desert survival and best practices Sand buggies and 4×4 ride through sand dunes …

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New ESG Innovation Index praises Moscow city’s “tremendously effective public transport” and numerous edtech entrepreneurs

November 23, 2021

Moscow ranks second among Europe’s largest cities in the ‘Future City ESG Innovation Index,’ put together by Munich-based think tank DEEP Ecosystems.  This new index aims to assess “the potential of innovation hubs to support sustainable innovation in the ESG fields.” Its four sub-indexes, eight compound metrics and 29 individual indicators cover the “Community of ESG Entrepreneurs;” their …

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“A new Dreyfus affair:” Ilya Sachkov asks President Putin to be transferred from jail to house arrest

November 23, 2021

Ilya Sachkov, the top cybersecurity businessman who was arrested under charges of “state treason” in late September,  has claimed he is innocent and asked President Putin to be transferred from jail to house arrest during the investigation.  Excerpts of his letter to Putin were shared with Forbes Russia by Sachkov’s lawyer Sergey Afanasyev. “I think this is a …

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VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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Anti-vaxxers wage ‘mental war’ on Russian governors via Instagram

November 25, 2021

Russian governors are being bombarded with comments and messages on Instagram, urging them to oppose draft legislation that would impose new QR-code vaccine passport prerequisites for accessing public places and certain modes of transportation. Journalists from Taiga.Info first reported the online campaign on Thursday, November 18, tracing it to conservative Orthodox groups and other organizations that promote …

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Auchan partners with Sber to accelerate ‘phygital’ commerce development

November 18, 2021

Auchan has inked with SberMarket — a delivery service owned by Sber, the state-controlled financial and digital giant — a “strategic cooperation” agreement in the field of e-commerce. The agreement will be in force until 2028, according to a Sber press-release. The partnership aims to “accelerate the development of Auchan’s ‘phygital’ commerce in Russia. The parties …

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