Back in the year 2015, Russia had already resolved to push the various internet companies to store users’ personal data inside Russia itself, and whichever would deviate from that would as a matter of fact be blocked.

The measure, which happens to be a section of a broad swath of moves targeting giving a major lift to the online censorship, was condemned by a number of top organizations, the Human Rights Watch being one of them.

The top organizations were decrying from the point that Russia was as a matter of fact “taking Big Brother surveillance to a new level.” However Moscow has quickly pulled in to cite its “defense” regarding the matter outlining that its main aim was to provide its citizens with the protection they needed in terms of safeguarding their private data.

Some of the top trusted source have indicated that indeed Alphabet Inc (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL) have moved ahead to comply with the law. However, some other social networks continue to defy Russia for reasons best known to them. Among the few that have indicated reluctance to Russia’s move include Twitter Inc (NYSE:TWTR) and LinkedIn Corp (NYSE:LNKD).

Among the very first to face up to the severe consequences was LinkedIn and this was after a Russian court banned its presence in its market in November 2016.As a matter of fact, the network has made numerous subsequent attempts in a move to try and win over Roskomnadzor, which happens to be the communications watchdog of Russia but it has all been in vain.

The dynamics are shocking and may be suffocating if observed from a certain perspective. Seemingly, Twitter Inc (NYSE:TWTR) may be the next to lock horns with Russia. On April 20, Roskomnadzor chief Alexander Zharov is said to have showcased a quote with roots from the seemingly private letter from Twitter vice president Sinead McSweeney, which had gone ahead to outline the fact that twitter had lately been carrying out an in-depth review to do with “what information about Russian citizens/organizations involved in commercial relationships with Twitter in Russia could be stored in the Russian Federation.”

The quote simply implies that twitter can now move that data to Russia most definitely by the middle of 2018.According to some top analysts, Russia seems to have more reason to uphold twitter’s functioning in opposition to that of LinkedIn.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.