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SnapshotsJul 10, 2019 | 21:37 GMT
Russia: Moscow Divvies Up 5G and Quantum Development Among Its Proxies
Russia has pursued various efforts to strengthen its position in the face of sanctions and deteriorating relations with the West and its allies. One major element of this strategy has been reducing Moscow's economic reliance on the rest of the world. In tune with Russian goals of self-sustainability in the domains of internet and communication, Moscow is now also pushing for "technological sovereignty" as a way to reduce economic and intellectual dependencies.
AssessmentsMay 17, 2016 | 19:20 GMT
Russian President Vladimir Putin and Igor Sechin (R), CEO of state-controlled Russian oil giant Rosneft, may be at odds in debates over proposals to make state firms pay more funds to the government.
Reining in Putin's Cronies
Moscow is desperate for cash. In the midst of a recession caused by low oil prices, Western sanctions and anemic foreign investment, the government needs revenue to meet budget shortfalls. The Kremlin has already cut the government budget twice since the end of 2015 -- 10 percent each time. It now aims to keep this year's budget deficit below 3 percent of gross domestic product. So it has turned to Russia's massive state-owned corporations for help. Russian Finance Minister Anton Siluanov is drafting directives that would require these companies to pay a minimum of 50 percent of their net profits via dividends to the government. But state firms and their powerful patrons, known as the silovarchs, are pushing back against the proposal.
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