According to the Minister, Russian companies-leaders can slow down the development of new products due to falling demand and the effects of coronavirus. In the medium term, it could adversely affect their competitiveness. To support the industry, Maksut Shadaev has offered to subsidize up to 50% of spending on new software for the real sectors of the economy.

the Minister Also said that the programme for the transition to domestic, IN virtually all state-owned companies have prepared plans and are ready to move to their implementation. “The total cost will be about 80 billion rubles, – said Chagaev. – Is the figure that is vital to our industry to offset revenue losses in other segments”.

Powers of control over the execution of those plans, the Minister proposed to give the government Commission for digital development.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.