MOSCOW (Reuters) – The Russian government will reimburse up to 80% of the costs of software development carried out in Russia, Prime Minister Mikhail Mishustin said on Tuesday. The country tries to replace foreign technology solutions with domestically created alternatives.
Russia has set 2025 as a deadline to have only Russian hardware and software in use on its critical infrastructure. Mishustin has already announced preferential loans to boost the development of information technology solutions and in June said that banks would receive 175 billion rubles ($2.97 billion) to be applied for this purpose.
Sanctions against Moscow since the beginning of the war in Ukraine have included imports of high-tech products, especially those that can be used by the military. The country has already operated an import substitution regime for years.
“The government is prepared to offset up to 80% of the costs needed to refine the core product to meet customer needs,” Mishustin told state television. “We will allocate special subsidies for these purposes.”
In addition to sanctions, the exodus of foreign companies has left Russia with the difficult task of restructuring the technology sector.
The Russian government has recognized that dependence on critical foreign technology, low investment attractiveness and staff shortages are challenges facing the country’s electronics industry, the newspaper Kommersant reported this month.
(By Alexander Marrow)
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