The Russian subsidiary of Alphabet’s Google has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. “The Russian authorities’ seizure of Google…
The European Union is working on a possible ban on the provision of cloud services to Russia as part of new sanctions against the Kremlin for the invasion of Ukraine, an EU official told Reuters on Wednesday, noting the measure was technically complex. If introduced, it is unclear how the…
The audio streaming service Spotify Technology SA will host its first investor day since going public in 2018 on Wednesday, hoping to stoke Wall Street’s enthusiasm despite the slowing global economy. The company’s stock has tumbled 53 percent so far in 2022, worse than the 24 percent drop in the S&P 500…
An Israeli private investigator currently in U.S. custody used Indian hackers to conduct surveillance operations for ultra-wealthy Russians, a reporter said in a court filing late Wednesday. Independent journalist Scott Stedman told a court in New York that jailed private detective Aviram Azari worked “on surveillance and cyber-intelligence operations at…
Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into…
A Russian court on Tuesday rejected an appeal from opposition leader Alexei Navalny against a nine-year prison sentence he is serving for large-scale fraud and contempt of court, charges which he denies. Navalny, by far Russia’s most prominent opposition figure, was handed a nine-year jail term in March for fraud and contempt of court, on top of 2-1/2 years he is already serving….
Russia’s oldest prison, called the Butyrka, has emerged as a site for unlawful crypto mining activities. A prison warden belonging to a high rank has also been accused of stealing electricity from other parts of the prison, in order to facilitate crypto mining from within the facility. Built in central…
Russia will sooner or later legalise cryptocurrency as a means of payment. The Minister of Industry and Trade of Russia, Denis Manturov, took to stage at an educational event, stating that the government and the central bank may move closer to resolving their longstanding differences regarding cryptocurrencies. The Ministry of…
US President Joe Biden’s administration ramped up a national security probe into Russia’s AO Kaspersky Lab antivirus software earlier this year amid heightened fears of Russian cyberattacks after Moscow invaded Ukraine, three people familiar with the matter told Reuters. The case was referred to the Commerce Department by the Department of…
Binance, the largest crypto exchange by trading volumes, said on Thursday it is limiting services for Russian nationals that have crypto assets exceeding EUR 10,000 (roughly Rs. 8,31,500), in light of European Union’s (EU) latest sanctions against Russia. Earlier this month, the EU in its fifth package of sanctions against…
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