Close Menu
    What's Hot

    AI names dominate institutional flows as ownership breadth expands across tech: BofA Research

    March 11, 2026

    Marriage Advice From a Couple Married 51 Years

    March 11, 2026

    CoinDepo Backs Enzaro Tech With Seven-Figure Allocation to Build European Distributed Energy Grid

    March 11, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Putin Directs Russia’s Top Bank to Team up With China in AI Push
    Money

    Putin Directs Russia’s Top Bank to Team up With China in AI Push

    Press RoomBy Press RoomJanuary 6, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • 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.

    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.

    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.

    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.

    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.

    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.

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

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Marriage Advice From a Couple Married 51 Years

    March 11, 2026

    Companies Are Shelling Out Cash to Get You to Use AI. Is It Worth It?

    March 11, 2026

    Google Closes Its $32 Billion Acquisition of Wiz

    March 11, 2026
    Leave A Reply Cancel Reply

    LATEST NEWS

    AI names dominate institutional flows as ownership breadth expands across tech: BofA Research

    March 11, 2026

    Marriage Advice From a Couple Married 51 Years

    March 11, 2026

    CoinDepo Backs Enzaro Tech With Seven-Figure Allocation to Build European Distributed Energy Grid

    March 11, 2026

    Companies Are Shelling Out Cash to Get You to Use AI. Is It Worth It?

    March 11, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.