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

|About: EPAM Systems (EPAM)|By:, SA News Editor

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.