Rostec will liquidate its subsidiary RusITExport, or RITE, by the end of 2023, according to the Unified State Register of Legal Entities.
RITE was created in 2017 to promote Russian high-tech products in the field of information technology abroad. Private investors poured $2.5 million into the asset.
The representative of Rostec, reports RBC, said that the company had fulfilled all the tasks assigned to it, and its development against the background of sanctions had become inadequate.
The state corporation also clarified that for the sale of domestic products inside and outside the country “new channels are being built” and RITE employees were distributed to other Rostec companies.
RITE’s main areas of work would be e-government and smart city projects, integrated security systems and business process automation. Demand was expected from Asia, Africa, Latin America and the Middle East.
The authorized capital of the company is 181 million rubles. The Rostec structure – RT-Business Development LLC – owns 76% of the company, the rest belongs to private investors through Valkyria LLC. At the end of 2022, RusITExport’s revenue amounted to 928 thousand rubles, and net profit – 600 thousand rubles.
Author:
anastasia marina
Source: RB
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