New Russian State and State-Owned Procurement Policy To Focus On Domestic Technology
Russian Finance Minister Aleksei Kudrin announced yesterday that the government is instituting new procurement policy to buy technology products that are innovative and made in Russia.
Russia’s state procurement budget is around $133 billion. About $20 billion of this now goes to Russian technology companies.
In addition to government purchasing, the government plans to direct state-owned companies to buy local tech as well. Next Thursday, a presidential committee on modernization will be meeting with Russian industrialists in the city of Tomsk to push the new policy.
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