Support The Moscow Times!

Milner Incubator on Hold

Yury Milner, the founder of Group, which listed on the London Stock Exchange in November, decided to steer clear of Russian startups for the time being, a source close to said, RBC Daily reported.

Milner failed to launch his own business incubator in Russia that would support Internet startups. The organization was supposed to make $50,000 investments in a number of promising projects.

"The launch of this initiative is a question of the foreseeable future," Milner's spokesman Leonid Solovyev told RBC Daily.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more