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Russia: Putin speaks on role of internet in the economy at Internet Forum in Moscow01:39

Russia: Putin speaks on role of internet in the economy at Internet Forum in Moscow

Russian Federation, Moscow
December 22, 2015 at 23:58 GMT +00:00 · Published

The role of the internet in the Russian economy is constantly increasing, Russian President Vladimir Putin stated during a session of the First Internet and Economics Forum in Moscow, Tuesday, adding that the internet has become "an independent branch [of the economy]."

"It is necessary to use the internet as a driver for the development and modernisation of the country," Putin stated, adding that "the commercial segment of the internet is growing rapidly. The market volume related to the internet amounts to sixteen percent of GDP."

Moreover, Putin stressed his readiness to support the further development of the internet, saying "certainly, no one doubts that we are really ready to help you and support you in your efforts." The Russian President added that "Russia doesn't lag behind and does not stay outside global trends."

The Internet and Economics Forum held in Moscow on 21-22 December is aimed at consolidating the efforts of the Russian IT-industry and business representatives to use all the opportunities of the internet for developing the Russian economy.

Russia: Putin speaks on role of internet in the economy at Internet Forum in Moscow01:39
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The role of the internet in the Russian economy is constantly increasing, Russian President Vladimir Putin stated during a session of the First Internet and Economics Forum in Moscow, Tuesday, adding that the internet has become "an independent branch [of the economy]."

"It is necessary to use the internet as a driver for the development and modernisation of the country," Putin stated, adding that "the commercial segment of the internet is growing rapidly. The market volume related to the internet amounts to sixteen percent of GDP."

Moreover, Putin stressed his readiness to support the further development of the internet, saying "certainly, no one doubts that we are really ready to help you and support you in your efforts." The Russian President added that "Russia doesn't lag behind and does not stay outside global trends."

The Internet and Economics Forum held in Moscow on 21-22 December is aimed at consolidating the efforts of the Russian IT-industry and business representatives to use all the opportunities of the internet for developing the Russian economy.

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