Yandex bets on super-fast grocery delivery

Vladimir Kozlov in Moscow February 18, 2020

The Russian tech giant Yandex is taking on Russia’s supermarket chains by offering super-fast delivery service that promises to get groceries to your door in under 15 minutes.

SEMrush to SEO success

Ben Aris in Berlin February 18, 2020

BRICKS & MORTAR: Russian real estate ready for takeoff in 2020

Ben Aris in Berlin February 18, 2020

Investment into Russia’s real estate sector surged in 2019 as the market finally turned the corner and brought the crisis years to a close.

Video streaming platform considers Nasdaq IPO this year

EWDN in Moscow February 18, 2020

After receiving a $40mn capital injection last year, Russian online video company has plans to go public.

Moscow links 100,000 security cameras to powerful facial recognition system

EWDN in Moscow February 18, 2020

Dmitry Golovin, who leads the Moscow IT Department’s video surveillance division, has revealed during a forum called Security Technologies that 105,000 of the city’s security cameras are connected to a facial recognition system.

From politics, to PR, to venture: How a young Russian woman made her way to Silicon Valley

Adrien Henni in Paris for East West Digital News February 18, 2020

Masha Drokova once kissed Putin when she was a leader of “Nashi,” a pro-government Russian youth movement. Now she is a darling of VC funds in Silicon Valley

ING: Russian budget spending plays catch up in January

ING in Moscow February 17, 2020

Russian state spending significantly accelerated in January, fulfilling the unusually high proportion of annual spending plan for that month as the government plays catch up with the national projects

Russia becomes a safe haven in an increasingly turbulent world

Ben Aris in Berlin February 17, 2020

International investors used to worry about geopolitical Russia risk, but the fiscal fortress Putin has built now makes Russia's capital markets look like a safe haven.

Founder of fintech firm Revolut Perestersky becomes Russia’s latest tech billionaire

Ben Aris in Berlin February 17, 2020

Revolut has just completed another round of financing and raised $500mn to fund further expansion, bringing its overall valuation to $6bn.

"Westlessness" dominates the discussion at the Munich Security Conference

Ben Aris in Berlin February 16, 2020

The West has lost the initiative to illiberal powers like China and Russia that are now acting on their own, according to the "Westlessness" report produced ahead of the Munich Security Summit.

The criminal case against US fund manager Calvey could be over soon

Ben Aris in Berlin February 15, 2020

The case against US citizen and fund manager Michael Calvey and his five colleagues may be over soon, but end in convictions and short prison sentences.

Russia’s utility sector set to rally in 2020 as reforms progress

Ben Aris in Berlin February 15, 2020

After a very strong rally Russia’s stock markets have been hit by fears of a global coronavirus epidemic and collapsing oil price. The market has given up all its gains, but not so the utilities sector which is up 16% YTD.

US Treasury Department accuses Russian tycoon Deripaska of laundering money but offers no evidence

Ben Aris in Berlin February 14, 2020

Sanctions placed on companies belonging to magnate appear based on a short, flimsy error-strewn memo, full of hearsay and almost entirely dependent on unreliable press reports.

Trust in Putin continues to fall, numbers in on PM Mishustin for first time

Ben Aris in Berlin February 14, 2020

Independent pollster Levada Center finds confidence rating in Russian leader has almost halved in past two years to 35%. But his personal popularity remains at an impressive 68%.

Russian weekly inflation stable at 0.1%

bne IntelliNews February 14, 2020

Russia’s weekly inflation remained at 0.1% week-on-week on the week of February 10, with the daily inflation slowing to 0.01% after an acceleration over the first few days in February, according to Rosstat statistics agency.

Erdogan issues ultimatum to Syria

bne IntelliNews February 12, 2020

Warns Turkey will strike its Russian-backed forces if from now on even one Turkish soldier suffers “the smallest injury”.

Prime Minister Mikhail Mishustin has been cleared of corruption charges

bne IntelliNews February 11, 2020

Prime Minister Mikhail Mishustin has been cleared of corruption charges after his former employer UFG Private Equity revealed he had made $35mn while working for the fund as a senior executive between 2008 and 2010.

A Moscow court has extended the house arrest of US fund manager Michael Calvey until May 13

bne IntelliNews February 10, 2020

A Moscow court extended the house arrest of US citizen and famous Russian fund manager Michael Calvey until May 13 on February 10.

Russia’s CBR switches tactics from prudence to stimulation

Ben Aris in Berlin February 10, 2020

The Central Bank of Russia (CBR) has switched tactics from running a prudent monetary policy to a more aggressive attempt to stimulate economic growth following its February 7 decision to shave another 25bp off the key monetary policy rate to 6%

Russia’s inflation at 2.4% in January

bne IntelliNews February 10, 2020

Russia’s consumer price inflation in January 2020 stood at 2.4% year-on-year, Sberbank CIB estimated on February 7 based on official estimate of 0.4% month-on-month inflation for the reporting month.