Vladimir Putin told Oliver Stone in the 2017 Putin Interviews documentary that after the fall of the Soviet Union, all of the tech in Russia quickly became American. Moscow offices used Microsoft
MSFT
and Adobe
ADBE
software. Government offices and the big state-owned enterprises ran on IBM
IBM
computers. He lamented this scenario – a country that got a man into space but had no real computer companies to speak of. They had nothing to show at home for their computer and math skills.
Years later and Russian tech companies have grown their footprint. Google
GOOG
came to town but was quickly beaten out of the market by Yandex, once tradable on the Nasdaq. Now, like all things Russian, it is banned due to sanctions launched in 2022.
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