Russia’s Sberbank builds domestic cloud solutions as sanctions hamper smart devices

(Reuters) – Russia’s top lender Sberbank is developing an all-domestic cloud infrastructure, it said on Friday, after reporting problems with some features of the “smart home” device due to issues with its cloud partner foreign.

The public lender, which has fallen under Western sanctions imposed over Russia’s actions in Ukraine, has expanded its non-financial businesses, including technology and cloud services, in a bid to combat the downward trend industry-wide margins.

Despite public assurances that the sanctions were having a limited effect on its operations, the bank began reporting problems with the functionality of smart home devices, such as lamps and plugs, in mid-April.

Other gadgets, including his TV streaming device and advanced smart speaker, are still working normally.

SberDevices on Thursday blamed the problems on cloud infrastructure provided by a partner, which it later named Tuya, a Chinese Internet of Things cloud platform.

“We created a hybrid solution based on Tuya’s cloud platform and infrastructure,” a representative from SberDevices told reporters.

“At the same time, we were developing an autonomous solution and now we continue to work actively on an infrastructure completely independent of foreign services, based on our own cloud.”

Tuya did not immediately respond to a request for comment.

Russia’s Foreign Ministry last week acknowledged the risk of secondary action Chinese companies could face if they helped Russia circumvent sanctions, but said it still expects increased cooperation. between the two countries.

Sberbank said the upgrades would include the presence of SberCloud servers located in different regions of Russia.

With limited access to already strained global supply chains, Russia has stepped up efforts to develop its domestic tech industry, to better protect itself from any hardware or software shortages.

Sberbank said it was continuing to work to resolve the issues and advised retailers to suspend sales of its smart home devices for the time being.

(Reporting by Reuters; Editing by Andrea Ricci)

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