Seeking Alpha

Qiwi, EPAM, VimpelCom, MTS join Russian tech/telecom rout

  • In addition to Yandex, online payments firm Qiwi (QIWI -7.7%), software outsourcing provider EPAM Systems (EPAM -12.5%), and mobile carriers VimpelCom (VIP -5.9%)  and MTS (MBT -7.9%) are taking part in a massive Russian equity selloff stemming from Ukraine-related tensions.
  • Qiwi was hit hard in January by concerns about new Russian payments regulations. EPAM is headquartered in Pennsylvania, but depends heavily on its Russian outsourcing ops.
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