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support Russia’s electronics and IT sector, the segment of the economy where Russia has one of the most broad-ranging and ambitious import substitution goals. In recent years, the ministry of industry and trade has drawn up a series of proposals on ways to support the sector. This spring, a proposition was introduced whereby organisations that manage “critical information infrastructure” (e.g. government administration, financial sector and energy industry) would be compelled to migrate to domestically produced software by the start of 2021 and domestically produced hardware by the start of 2022. Companies in the financial sector have demanded at least a longer transition period. In order to support the electronics and IT sector, the government recently decided to grant tax breaks to firms and reduce their mandatory social contributions.
35 RUSSIA Country Report September 2020 www.intellinews.com