This debate on the number of functioning banks in Russia is not new in the local financial services industry and thus reflects the ongoing discussions between the active supporters of the industry’s consolidation, led primarily by the owners or top management executives of the country’s largest banks and their equally vocal opponents, who favor maintaining a large number of diverse financial players in the sector.
The Data Fusion International Forum is a cross-industry platform for pursing a dialog between the representatives of the government and businesses, and is dedicated to working with big data, developments and deployments of artificial intelligence (AI) technologies in Russia.
The aggregated budget of Russian companies spent on the developments and deployments of AI-driven technologies in 2025 stood at 257bn rubles, representing a nearly threefold increase from 90.3bn rubles in 2024, according to the Data Fusion Forum’s statistics.
Based on the current reality, Dmitriev has called on the EU and UK to purchase Russian energy more actively, since “their current collective refusal to buy hydrocarbon fuels from Russia, coupled with their other past adopted 'stupid' ideological decisions, presage extremely difficult times ahead for Europe.”
The use of the government’s various export support programs, such as “My Export Digital Platform,” and securing the “Made in Russia Certificate,” are key tools helping Russian companies to actively expand the geography of supplies and sales of their goods and services on the international markets...
Most companies and economic sectors do not generate the excess profits on which such a tax is levied, because only certain types of economic activities are consistently demonstrating not only high profitability, but also positive growth dynamics in their financial reports...
The share of financial settlements of bilateral transactions in the national currencies between Russian and Indian companies now stands at almost 96% ...
The funds, needed for financing these programs, will come from the Government Reserve Fund. Specifically, 53.4bn of the allocated 100.4bn rubles will go to subsidizing the Family Mortgage program, which will enable banks to retain the annual interest rate on new loans, issued to citizens with children under the state subsidized mortgage program, at 6%.
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