... moving to the next level. For example, the Krasnodar food tech project Qummy raised 440 million rubles at a valuation of ~2.4 billion rubles as it prepares for an IPO—this 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 ...

.... For instance, the Krasnodar-based food tech project Qummy raised 440 million rubles at a valuation of ~2.4 billion rubles, preparing for an IPO—this case demonstrates the seriousness of technological business ambitions in the Russian regions. In 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 ...

... startups are reaching new heights. For example, the Krasnodar foodtech project Qummy raised 440 million rubles at a valuation of around 2.4 billion rubles, preparing for an IPO—this case demonstrates the seriousness of ambitions in the regions. In Kazakhstan, the state fund Qazaqstan Venture Group was established with a volume of $1 billion to support AI startups. Additionally, in July 2025, the President of the Russian Federation signed a decree that effectively simplified the rules for foreign ...

... Qummy has raised 440 million rubles at a valuation of ~2.4 billion rubles, preparing for an IPO — this case demonstrates the seriousness of even local initiatives. Furthermore, a state fund called Qazaqstan Venture Group has been established in Kazakhstan with a size of $1 billion to support AI startups. In July 2025, Russia also eased regulations for foreign investors: they were once again allowed to acquire stakes in domestic companies and freely withdraw invested funds. These measures aim ...

... exceeded $40 billion. These examples illustrate how Russian participants are utilizing digital assets in the face of external restrictions, despite increased internal oversight. Other countries in the region are also experimenting with cryptocurrencies. Kazakhstan, for instance, launched the first Bitcoin ETF in Central Asia in mid-August (on the AIX platform in Astana), reflecting the region's interest in integrating crypto assets into the traditional market under regulation. Overall, the governments ...