... to enhance innovation, build clear business models, and be prepared to operate in international markets. Only then will both foreign funds, resuming activity, and local investors seeking the "new Yandex" take notice of them. Trends and Forecasts: ... ... 2025 include: Escalation of the AI Race. The competition for leadership in AI will continue to intensify. Multi-billion dollar investments, as demonstrated by the Meta–Scale AI deal, will prompt other tech giants to respond—expect to see new large rounds,...

... case demonstrates the seriousness of even local initiatives. Additionally, in Kazakhstan, a state fund named Qazaqstan Venture Group was established with a volume of $1 billion to support AI startups. In July 2025, Russia also relaxed regulations for foreign investors: they were allowed to acquire stakes in domestic companies and smoothly repatriate funds. These steps are aimed at stimulating international investments and more closely integrating the local venture capital market into global processes. While the scale of the venture market in the region may still be relatively modest, the foundation for future growth is gradually being laid. Investors are ...

... jurisdictions in countries such as Kazakhstan, Armenia, and the UAE, which offer favorable business conditions and are not subject to sanctions pressure. Examples of Redomiciliation in the Russian Market Lukoil: The large Russian oil company redomiciled its foreign subsidiaries in 2022, bringing them under Russian jurisdiction to mitigate sanctions risks and maintain access to assets. Finam Investment Company: One of the leading investment companies transferred part of its business to friendly countries to ensure uninterrupted access to international markets. Rosneft: The company redomiciled several of its subsidiaries that were previously ...

... Kazakhstan, a state fund called Qazaqstan Venture Group has been established, worth $1 billion, to support AI startups and a new wave of tech projects. Furthermore, in July 2025, the President of the Russian Federation signed a decree easing restrictions for foreign investors: they are once again allowed to acquire shares in Russian companies and freely withdraw capital from the country. This step is aimed at reviving international investments in the economy and the venture sector, despite the geopolitical environment. It is noteworthy that emigrants from CIS countries are already achieving global success, integrating into the international tech industry. For instance, the AI startup ...

... established—such as funds amounting to 10-12 billion rubles. Local startups are attracting capital and contemplating IPOs: the Krasnodar-based foodtech project Qummy raised around 440 million rubles at a valuation of approximately 2.4 billion rubles. Additionally, foreign investors have once more been permitted to invest in Russian projects, gradually rekindling overseas capital interest. Although the volume of venture investments in the region remains modest, it is gradually increasing. Conclusion: Moderate Optimism and Emphasis on Quality Growth As of mid-August ...