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What the West needs to know about Russia’s tech scene

The Next Web

For many investors and entrepreneurs in the West, doing business in Russia can seem like a step into the unknown. Within the Russian tech sector, the differences in business practices between the West and East are growing rapidly smaller. Russia in numbers. Russia currently has the largest online market in Europe.

Russia 140
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Taiwan export ban limits Russia and Belarus to chips with frequencies under 25 MHz

TechSpot

DigiTimes reports that Taiwan's Ministry of Economic Affairs (MOEA) published a list this week of strategic high-tech commodities banned from exportation to Russia and Belarus. The latter country is included as MOEA believes it could help Russia import such goods.

Belarus 135
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Acer continued shipping products to Russia despite promising to stop

TechSpot

On April 8 last year, Acer said that due to recent developments, the company had decided to suspend business in Russia. A move also made by Dell, Intel, Nvidia, AMD, HP, and many other tech giants. Read Entire Article

Russia 115
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Western sanctions against Russia: Tips for tech companies managing compliance risk

TechCrunch

technology in support of Russia’s war effort, an initiative with implications for the tech industry. One significant example of this is Russia’s drone program, with a December 2022 expose describing U.S. Concern over diversion of items to Russia U.S.

Russia 88
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Samsung has stopped shipping products to Russia

The Verge

Samsung is suspending shipments of all of its products to Russia, the company announced Friday. Due to the current geopolitical developments, shipments to Russia have been suspended,” reads a statement from an unnamed Samsung representative, via Samsung’s generic PR email address. “We Photo by Allison Johnson / The Verge.

Russia 98
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Spotify is suspending its services in Russia

The Verge

Spotify is suspending its services in Russia as the country’s invasion of Ukraine continues into its second month. In a statement, the company appears to reference Russia’s new law that punishes spreading fake news about the military with up to 15 years in prison as the primary reason for why it’s shutting down in the country.

Russia 98
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IBM starts laying off employees in Russia, three months after suspending operations in the country

TechSpot

Like many major tech firms, IBM suspended its business operations in Russia soon after the country invaded its neighbor. Since then, the company has been paying its Russia-based employees, but chairman and CEO Arvind Krishna last month warned that tightening sanctions on Russian banks were making it more difficult to.

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