Russia Moves to Fund Digital Economy in Five Sectors

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digital-rusRussian Prime Minister Dmitry Medvedev signed an order this weekend to allocate funds for financing the priority activities of the program – “The Digital Economy of the Russian Federation”. The document was published on Saturday on the government website and can be found in English here. According to the document, US$53.14 million from the reserve fund of the Russian government has been allocated to finance priority activities of the program.

The funds will be used for the state digital programs – “Information Society (2011-2020)”, “Economic Development and Innovative Economy”, “Development of the Transport System”, and “Development of the Electronic and Radioelectronic Industry in 2013-2025”.

The “Digital Economy of the Russian Federation” program was approved in the summer of 2017, and is designed to last until until 2024. It includes five areas devoted to regulatory regulation, education and personnel, cybersecurity, research, and IT infrastructure.


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