Cisco to Invest in Russian Tech Start Ups

Network Czar Cisco Systems, along with Russian VC firm Almaz Capital Partners, has launched a $60 Million investment fund aimed at small to mid-sized tech, communications and media companies in Russia and other former Soviet states.  Despite uneasy political relations between the US and Russia, Cisco has already taken a position in one Russian online retailer and points to growth rates in Russia and Eastern Europe and for the decision.  More from Reuters.