Following the imposition of sanctions and the voluntary withdrawal of hundreds of international brands, Russians have turned to e-commerce sites to buy hard-to-find foreign brands.
According to a report published last week by US publication Business Insider, a range of Western tech firms are users of FindFace, a controversial face recognition technology developed by Russian startup NtechLab.
The Russian government intends to spend more than RUB30bn ($375mn at the pre-war exchange rate, $500mn at the current rate) on an R&D programme to deploy 6G until 2025.
The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad
As the growth of Belarus’ IT sector is facing stagnation, it may find itself in the middle of the Belarusian regime’s security and military apparatuses’ goals to increase their defensive and offensive capabilities in cyberspace.
While many Belarusian IT workers already began leaving the country after the wave of political repression that followed Belarus’ 2020 presidential elections, Russia’s invasion of Ukraine initiated a second wave of fleeing IT workers.
While competitors are hit by sanctions, banned by the communications watchdog, or offload assets due to a worsening tech crisis, Russia's biggest social network is on a buying streak, consolidating its command of the sector.
Rostec, a state corporation that comprises more than 700 enterprises in the fields of defence and technology, announced in June it has developed a blockchain platform to provide a “real alternative to SWIFT in international settlements.”
Russian space chief Dmitri Rogozin has indicated that developers of a craft being designed for the pad will have to work around sanctions.
Russia’s war on Ukraine and the subsequent Western sanctions seem to have put the once-thriving Russian and Belarusian gaming industries in serious trouble, East West Digital News reports.
airSlate (formerly known as pdfFiller), a Boston-based business automation software publisher, announced it secured $51.5mn in a deal that values airSlate at $1.25bn on June 16, East West Digital News reports.
Wargaming closed its studios in Russia and Belarus following the military invasion of Ukraine, and is now adding new studios in Central and Southeast Europe.
AVentures Capital, one of Ukraine’s top venture firms, has just released a new edition of its Dealbook of Ukraine. Each year, this publication offers an overview of the deals and trends involving Ukrainian and Ukrainian-founded tech companies.
Transcarpathia has become Ukraine’s new IT hub as a cluster of 11 companies has officially begun working in the south-western region, Ukraine Business News reported on May 24.