The Russian hardware market fell by 7 percent in 2013, while the software development market grew by 2 percent. IT services gained 8 percent. His forecast for 2014 is 5 percent growth for the entire Russian IT market, using the argument that the negative impact the Olympic Games had on the industry will no longer be an issue.
Russia's defense industry is capable of producing all parts and military hardware on its own, Russian President Vladimir Putin said 28 July 2014. "Some things are evident for all of us.
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Yet because of its high level of human capital, Russian IT companies are building a successful track record in the global outsourcing industry. "Russia's IT industry is very entrepreneurial and, by and large, has grown up outside the old Soviet institutions as a new phenomenon beginning in the early 1990s," according to Satinsky.
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The defense industry of Russia is a strategically important sector and a large employer in Russia. It is also a significant player in the global arms market. Russia is the second largest conventional arms exporter after the United States, with billion worth of exports in 2012.
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Nov 01, 2017· MOSCOW, Nov 1 (Reuters) Newly updated sanctions introduced by the United States against Moscow for its role in the Ukraine crisis may put a brake on Russia.
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First, the fall in the price of oil post2014, and second, the decision by the Russian government to allow the rouble to devalue. These two factors are clearly interrelated and have served to isolate the Russian oil and gas industry, and to some extent, the Russian government, from the impact .
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