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    Putin: Russia Has Competitive Advantage in IT Sector

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    Putin says that Russia has a competitive advantage in the IT-sector.

    Dvorniki (Vladimir Region) — Russian President Vladimir Putin said on Tuesday that Russia has a competitive advantage in the IT-sector, but this should not imply conceit.

    "The basic things such as mathematics and other components of IT-technologies we must first not follow but develop, building on the best of everything that we had and have, and the best things that appear in the world. Therefore, we should not have any conceit about the fact that we have the best IT-brains, but we definitely have a competitive advantage, and we should use it," the president said during an educational youth forum.

    Putin nevertheless stressed that Russia should develop cooperation in this field with all countries, including the BRICS.

    "We have always been proud of our mathematical school and it was quite right, but […] we must never rest on our laurels, we must objectively analyze everything that happens in the most important and promising sectors," Putin added.

    During the St. Petersburg International Economic Forum’s (SPIEF) in June, Russia's Minister of Communications and Mass Media Nikolay Nikiforov said that the Russian IT industry is showing growth and transformation at the same time, with the Russian IT companies offer becoming more competitive internationally, and their business expanding abroad and providing high quality IT services.


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