The stability of the Russian IT market is ratained despite of all the sanctions

Russian IT market remains stable

In spite of the crisis consequences, the Russian IT market retains stability. While international companies have to put up with radical declines in profits in the Russian market, which results from the ruble exchange rate, Russian companies now have an opportunity to use sanctions as a way to improve their incomes in local currency.
The Russian IT industry traditionally relies on export. Despite the low ruble exchange rate Russian IT companies have optimistic forecasts, meaning that 2015 was very for export of IT products and services.
These are the results of the Russian export-based IT companies poll conducted and published by RUSSOFT – a Russian association of software developers. Read more.