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Russia's Sberbank and Mail.Ru on verge of dividing assets as JV nears split- sources
1 Apr 2021

Russia's Sberbank and Mail.Ru on verge of dividing assets as JV nears split- sources

By Tatiana Voronova and Anna RzhevkinaMOSCOW, April 1 (Reuters) - Russia's largest lender Sberbank and internet firm Mail.Ru are on the verge of div...

Russian law requires smart devices to come pre-installed with domestic software
1 Apr 2021

Russian law requires smart devices to come pre-installed with domestic software

MOSCOW, April 1 (Reuters) - Smartphones, computers and other smart devices purchased in Russia must come pre-installed with Russian software after l...

RPT-Russia's Mail.ru says has no plans to leave joint venture with Sberbank - Ifax
30 Mar 2021

RPT-Russia's Mail.ru says has no plans to leave joint venture with Sberbank - Ifax

(Repeats with no changes to text)MOSCOW, March 30 (Reuters) - Russia's Mail.ru group said on Tuesday it had no plans to leave its joint venture with...

Russia's Mail.ru says has no plans to leave joint venture with Sberbank - Ifax
30 Mar 2021

Russia's Mail.ru says has no plans to leave joint venture with Sberbank - Ifax

MOSCOW, March 30 (Reuters) - Russia's Mail.ru group said on Tuesday it had no plans to leave its joint venture with Sberbank, the country's largest ...

Rostelecom and VTB aiming for more the 10% of Russia's big data market
23 Mar 2021

Rostelecom and VTB aiming for more the 10% of Russia's big data market

MOSCOW March 23 (Reuters) - A joint venture set up by Rostelecom and VTB aims to capture more than 10% of Russia's market for "big data" products b...

UPDATE 1-Mail.ru expects 2021 revenue to hit $1.75 bln after COVID catalyst
4 Mar 2021

UPDATE 1-Mail.ru expects 2021 revenue to hit $1.75 bln after COVID catalyst

(Adds details, quote, background)March 4 (Reuters) - Russian internet group Mail.ru expects its revenue to grow to about $1.75 billion in 2021 as dem...

Russia's Mail.ru Group sees 2021 revenue growth of 18-21% to around $1.75 bln
4 Mar 2021

Russia's Mail.ru Group sees 2021 revenue growth of 18-21% to around $1.75 bln

March 4 (Reuters) - Russian internet group Mail.ru expects revenue to grow by 18-21% to 127-130 billion roubles ($1.72-1.76 billion) in 2021 and its...

Tech sector drives diversification of Russian stock market
17 Dec 2020

Tech sector drives diversification of Russian stock market

* Tech sector weight on Moscow Exchange has doubled in 2020* Energy sector weight declined as oil prices plunged* Mail.Ru to replace Alrosa on blue-ch...