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Putin instructs cabinet to ensure growth rate of investments in Russian IT solutions

The Russian leader also instructed the authorities to provide support to companies and startups that develop and produce equipment for storing and processing data

MOSCOW, April 1. /TASS/. Russian President Vladimir Putin instructed the government to ensure the growth rate of investments in domestic IT solutions until 2030 twice as high as the growth rate of gross domestic product (GDP). This is according to the list of instructions for the implementation of the President’s Address to the Federal Assembly.

"[Hereby I instruct] the Russian government to develop the Data Economy and Digital Transformation of the State national project by added to this national project measures that ensure, in particular, <...> the growth rate of investments in domestic IT-solutions in 2025-2030, which is twice as high as the growth rate of gross domestic product," the document says.

The head of state also instructed the authorities to provide support to companies and startups that develop and produce equipment for storing and processing data, as well as creating software.

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Vladimir Putin Russia's domestic policy

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