Russian telecom operator Rostelecom is reportedly to begin beta-testing a new home-produced search engine, Sputnik.ru, that it plans to use to grow its business, complementing the launch with a range of content-rich services, including video.
The Russian presidential administration has previously indicated its support for the creation of a ‘national search engine’ for Russia, notably during the 2008 war with Georgia when then-president Dmitry Medvedev called for it.
Home-grown search engine Yandex is the current market leader in Russia, with a 62% market share against Google’s 27%.
Yandex last week announced first quarter revenues of RUB10.9 billion (€220 million), up 36% year-on-year and adjusted EBITDA of RUB4 billion, up 15%.
However, the search engine provider’s shares dipped significantly this week when Russian president Vladimir Putin criticised it for being registered in the Netherlands.
In a speech at a conference in St Petersburg, Putin also reportedly described the internet as “a CIA project”.
The Russian parliament passed a law this week requiring foreign social media sites operating in the country to base their servers in Russia and to store information on users for at least six months.
18 September 2020 @ 21:00:01 UTC
18 September 2020 @ 20:00:00 UTC
18 September 2020 @ 18:00:02 UTC