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  • Mail.Ru Group estimates $13 million losses due to blocking of its services on the territory of Ukraine

    Due to the blocking of VKontakte, Odnoklassniki, and other Mail.Ru Group services in Ukraine, the company will lose about 1.5% of its revenues in 2017, which is about 790 million to 809 million rubles or slightly over thirteen million dollars. This is reported in the company's report for the second quarter of 2017.

    "The blocking of our products in Ukraine in the second quarter had an adverse impact on our revenues. We estimate the negative impact at 1.5% of our total revenue in 2017. Despite …

  • Ukrainian President refused to lift ban on VKontakte social network

    The President of Ukraine, Petro Poroshenko responded to a public petition demanding to unlock the Russian social network VKontakte, as reported on the website of the President Administration.

    “I do not think it is possible to support the electronic petition to unlock the Internet resource Vkontakte,” he said in response to the petition. As Poroshenko noted, the application of special economic and restrictive measures to the Russian holding Group and other Russian Internet companies for …

  • Mail.Ru Group closes its office in Ukraine Group, a Russian-based, major corporate figure intends to close its representative office in Ukraine due to imposed sanctions, according to Borys Dobrodeev, Group CEO in an interview with Russian newspaper Kommersant.

    “The presence of the representative office at the market no longer makes sense in view of those sanctions imposed by Ukraine against us. I will only say that these are fairly compact structures,” he said.

    According to Dobrodeev, Mail.Ru Group proposed moving its …