Sovereign Technology Fund, limit downloads of information from databases: the main thing April 3

Russia

• The Ministry of Digital Development and telecom operators are discussing the development of new preferences for the telecom market, which should be included in the “Strategy for the development of the communications industry until 2035,” Kommersant reported.
• The State Duma in the spring session will consider an amendment to the law “On the protection of consumer rights.” It will establish the prohibition of debiting money from remote bank cards by the markets.

Finance

• At the beginning of 2023, the Russians had less than 8 trillion rubles in long-term deposits; this result was the lowest in 10 years, RBC learned.

Business

• Against the background of an overabundance of raw milk against the background of a decrease in the consumption of finished products by the Russians, processors began to terminate contracts with suppliers of raw materials. Producers of cottage cheese, sour cream, yoghurts and cheeses hope that contractors will agree to lower purchase prices as a result, Kommersant writes.
• Over two months in 2023, cider sales volumes grew 60% year-on-year, mainly due to local brands, and outpaced retail sales of low-alcohol cocktails, Kommersant learns.

Technologies and services

• A sovereign wealth tech venture fund has appeared in Russia. Through it, 6.4 billion rubles will be invested in drones and wireless communications.
• In Russia, it is proposed to limit the download of information from databases. These include social networks, job search services, websites selling various products, and reference and information resources, Izvestia reported.