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Business & Legal Environment

Jun 29, 2016

Russian parliament passes ‘Google tax law’

Members of the Russian State Duma have approved the third reading of a new bill requiring foreign IT companies to pay value added tax (VAT) on the sale of online content

Jun 04, 2016

Sberbank and FRII team up to launch fintech accelerator

FRII will select projects while Sberbank will provide startups with expertise and funding for pilot projects. The money will come from Sberbank itself and its venture arm SBT Venture Capital, launched in 2012

May 29, 2016

Russian corporations launch giant startup investment programs

Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia

May 13, 2016

Alisher Usmanov invests in InPlat to create new payment ecosystem in Russia

Russian billionnaire Alisher Usmanov has invested in a Russian PSP named ‘InPlat‘ via structures affiliated to his holding company USM, acquiring a 35% stake previously owned by investment fund Supremum Capital

Apr 23, 2016

Russian government unveils plans to launch e-commerce export platform

Last week, the Russian government unveiled some key aspects of its plan to launch an e-commerce platform dedicated to exporting Russian goods

Apr 20, 2016

2015: Perhaps the worst—but hopes for recovery are not groundless

RMG Partners, a Russian investment company, is announcing its new analytical report on the status and trends of Russia’s venture market in 2015

Apr 01, 2016

Russian VC market grew in 2015 despite low demand—RVC and PwC research

The total volume of Russia’s venture capital market grew to $2.19bn in 2015 from $1.67bn the year before

Mar 22, 2016

New Russian fund targets financial and medical startups

Confirming that the Russian venture industry, though declining, is far from agonizing, a new fund was launched last month in Moscow with $10 million under management

Mar 22, 2016

Mail.ru Group completes sale of HeadHunter; Goldman Sachs said to be among new shareholders

Mail.ru Group, a leading LSE-listed Russian Internet group, has completed at last the sale of HeadHunter (hh.ru) to a consortium of investors led by Elbrus Capital

Feb 20, 2016

Russia puts together new entity to back high-tech development

Priority sectors are reported to include mechanical engineering, machine-tool manufacturing, construction, pharmaceuticals, and biotechnologies

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