Russian Software is Conquering the World

Alexei Grammatchikov

Tuesday, January 12, 2016

Over the past five years, Russian software exports have more than doubled, reaching about $7 billion. At the same time, demand for IT companies’ products on the domestic market has been falling. Analysts attribute it to a transformation of the Russian market, with demand shifting from hardware to services.

The boom is over

“Here we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that.” This quote from Lewis Carroll’s “Alice in Wonderland” has become a motto for many Russian IT companies these days.

US Businesses Remain Interested in Russian Market


Tuesday, December 8, 2015

US companies remain interested in doing business with Russia, head of the Economic Section of the Russian Embassy to the United States Mikhail Kalugin told Sputnik.

The diplomat explained that the United States realized that the potential of the Eurasian Economic Union had just started to gain weight. “Every company that operated in the Russian market repeatedly told us that they are interested in staying and continuing to do business [in Russia],” Kalugin said Monday on the sidelines of the second annual “Doing Business With Eurasian Economic Union” Conference in Washington.

Russian Software in the media

Russia Aiming to Build a Tech-Based Economy?

Victoria Zavyalova
Russia & India Report

Friday, November 4, 2016

More than 13,000 entrepreneurs and investors visited the Open Innovations forum just outside Moscow last week. However, concerns arose about the pace of technological advances in Russia.

Skolkovo Technology Park, one of Russia's largest science parks, is just an hour’s drive from Moscow's city centre. Designed as an alternative to Silicon Valley in the U.S., Skolkovo is a key part of Russia's dream to build an economy based on scientific and technological innovation.

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