• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, January 10, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Putin orders Russia’s top bank to team up with China in AI push to challenge Western tech dominance

January 6, 2025
in china, Economy, News, Politics, russia, Tech
Putin orders Russia's top bank to team up with China in AI push to challenge Western tech dominance
Share on FacebookShare on TwitterWhatsapp
  • Russian President Vladimir Putin ordered his government and a big bank to work with China on AI.
  • Russia has been seeking tech alternatives post-Ukraine invasion due to Western sanctions.
  • A Russia-China AI partnership could raise concerns over censorship, among other issues.

Russian President Vladimir Putin continues seeking to expand his challenge of the West’s order — this time in tech.

AD

The Russian leader has ordered his government and Russian banking giant Sberbank to work with China on artificial intelligence, according to a December 30 post on the Kremlin’s website.

Putin instructed his government and Sberbank to “ensure further cooperation with the People’s Republic of China in conducting technological research and development in the field of artificial intelligence,” according to the Kremlin’s post. It was published three weeks after Putin announced a BRICS AI Alliance Network.

AD

Putin delegated Prime Minister Mikhail Mishustin and Sberbank CEO German Gref to lead the AI effort. A progress report is expected by April.

Russia’s building parallel systems to the West

Putin’s instructions came 34 months after Russia’s full-scale invasion of Ukraine, which triggered sweeping Western sanctions against his regime.

The trade restrictions have hit Russia’s access to financial payments technologies, prompting the country to seek substitutes in the form of parallel imports and domestic substitutes.

AD

Russia has also been setting up alternative systems to process payments transactions and ship sanctioned oil around the world.

However, finding tech alternatives to Western products has not been easy.

A former top Russian finance official told Reuters in September 2022 that Russia would be using second-grade tech for years and spending “huge resources” to recreate what already exists. Goods heavily impacted by Western sanctions include semiconductor chips, aviation parts, and medical products.

AD

Sberbank CEO Gref said in April 2023 that graphics cards for AI and supercomputers were the hardest to substitute.

The US has restricted sales of advanced computer chips to Russia since 2022 and further tightened restrictions on third-party chip exports to Russia last year.

Alexander Vedyakhin, the first deputy CEO of Sberbank, told Reuters last month that Russia was six to nine months behind the US and China in AI in a range of parameters.

AD

Vedyakhin told the news agency that Russia would focus on developing large language models rather than building massive data centers.

A potential Russia-China partnership in AI could cause concerns beyond sanctions skirting.

China’s foray into AI is raising concerns about censorship in the country, where expression is tightly controlled.

AD

Chinese officials have tested Chinese large language models to ensure they embody “core socialist values,” according to a Financial Times report in July.

  • Russian President Vladimir Putin ordered his government and a big bank to work with China on AI.
  • Russia has been seeking tech alternatives post-Ukraine invasion due to Western sanctions.
  • A Russia-China AI partnership could raise concerns over censorship, among other issues.

Russian President Vladimir Putin continues seeking to expand his challenge of the West’s order — this time in tech.

AD

The Russian leader has ordered his government and Russian banking giant Sberbank to work with China on artificial intelligence, according to a December 30 post on the Kremlin’s website.

Putin instructed his government and Sberbank to “ensure further cooperation with the People’s Republic of China in conducting technological research and development in the field of artificial intelligence,” according to the Kremlin’s post. It was published three weeks after Putin announced a BRICS AI Alliance Network.

AD

Putin delegated Prime Minister Mikhail Mishustin and Sberbank CEO German Gref to lead the AI effort. A progress report is expected by April.

Russia’s building parallel systems to the West

Putin’s instructions came 34 months after Russia’s full-scale invasion of Ukraine, which triggered sweeping Western sanctions against his regime.

The trade restrictions have hit Russia’s access to financial payments technologies, prompting the country to seek substitutes in the form of parallel imports and domestic substitutes.

AD

Russia has also been setting up alternative systems to process payments transactions and ship sanctioned oil around the world.

However, finding tech alternatives to Western products has not been easy.

A former top Russian finance official told Reuters in September 2022 that Russia would be using second-grade tech for years and spending “huge resources” to recreate what already exists. Goods heavily impacted by Western sanctions include semiconductor chips, aviation parts, and medical products.

AD

Sberbank CEO Gref said in April 2023 that graphics cards for AI and supercomputers were the hardest to substitute.

The US has restricted sales of advanced computer chips to Russia since 2022 and further tightened restrictions on third-party chip exports to Russia last year.

Alexander Vedyakhin, the first deputy CEO of Sberbank, told Reuters last month that Russia was six to nine months behind the US and China in AI in a range of parameters.

AD

Vedyakhin told the news agency that Russia would focus on developing large language models rather than building massive data centers.

A potential Russia-China partnership in AI could cause concerns beyond sanctions skirting.

China’s foray into AI is raising concerns about censorship in the country, where expression is tightly controlled.

AD

Chinese officials have tested Chinese large language models to ensure they embody “core socialist values,” according to a Financial Times report in July.

Tags: ai effortalexander vedyakhinaprilArtificial IntelligenceChinaconcernGovernmentKremlinMonthPutinRussiasberbank ceo german grefsubstitutesweeping western sanctiontech
Share15Tweet10Send
Previous Post

Oil eases from near 3-mth highs amid strong dollar ahead of economic data

Next Post

Iron ore falls to more than one-month low on slow China metal output

Related Posts

We visited Greenland's only fully operational mine. Here's what it takes to mine in one of the world's most remote places.
Business

We visited Greenland’s only fully operational mine. Here’s what it takes to mine in one of the world’s most remote places.

January 10, 2026
The best way to win on prediction markets: insider information
betting

The best way to win on prediction markets: insider information

January 8, 2026
ChatGPT is the new WebMD
alyssa-powell

ChatGPT is the new WebMD

January 7, 2026
Is it safe to travel to the Caribbean right now? Everything you need to know, according to the US State Department
caribbean

Is it safe to travel to the Caribbean right now? Everything you need to know, according to the US State Department

January 6, 2026
Welcome to the new, sorta socialist era of American capitalism
capitalism

Welcome to the new, sorta socialist era of American capitalism

January 5, 2026
From 'First Buddy' bromance to a feud to a thaw, here's how Elon Musk and Donald Trump's relationship has evolved
business-visual-features

From ‘First Buddy’ bromance to a feud to a thaw, here’s how Elon Musk and Donald Trump’s relationship has evolved

January 5, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    48 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.