Page 142 - RusRPTJan23

serious frost and the lack of snow in the Orenburg Region and the eastern part of the Tatarstan republic are among the possible threats. The sown area is to amount to 16.3mn hectares after 17.1mn hectares in 2021.
9.1.7 TMT sector news
Russia’s Internet economy will increase by 24% in value terms in 2022 compared with 2021 to RUB11.8 trillion rubles ($187 bln), whereas the growth rate will drop almost two-fold compared with previous years, Director General of the Russian Association for Electronic Communications (RAEC) Sergey Grebennikov said in a report at the Russian Internet Week 2022 on December 12.
Compared with previous years, growth rates will drop almost two-fold, he noted, adding that the growth amounted to 41% in 2020 in annual terms, and 42% in 2021.
The decrease in growth rates in 2022 is connected with the still unfinished process of adjustment to new instruments and solutions, the lack of competitive Russian analogues in a number of solutions, initiatives in the area of regulation of the advertising sector, as well as to consumers’ shifting to a
142 RUSSIA Country Report January 2023 www.intellinews.com