The Russian IT sector generated a total income of 5.5 trillion rubles in 2023, according to an announcement by Maksut Shadayev, the Minister of Digital Development. TASS reported the minister’s statements, highlighting the sustained strength of the industry during the year.
Shadayev noted that revenue from IT industry companies rose by more than 40 percent in 2023, signaling robust growth across the sector. This growth reflects a period of expanding demand for digital services, software development, and technology-enabled business solutions within Russia and among its clients abroad.
From the minister’s summary, the year-over-year increase in income from 2022 to 2023 is described as a 2.6-fold expansion relative to 2019, with revenue up by approximately 43.2 percent when comparing 2019 to 2023. These figures underscore a long-term upward trajectory in the IT ecosystem, driven by investments in innovation, talent, and export-oriented IT services.
Earlier reports indicated that the government aimed to improve working conditions for IT specialists in Russia. In a related measure, the Ministry of Digital Development of the Russian Federation announced an adjustment to the BT mortgage program, increasing the borrowing limit to 700 billion rubles. This policy shift is intended to enhance access to housing finance for tech workers and to support the broader labor force involved in IT and related sectors.
The ministry also noted that the existing limit was sufficient to support around 50 thousand IT professionals. With the proposed increase, preliminary estimates suggest the program could extend benefits to at least 15 thousand additional specialists, expanding the reach of housing assistance within the technology community and acknowledging the sector’s role in sustaining economic growth.
Looking ahead to 2023, officials projected that demand for IT specialists in Russia could nearly double, reflecting ongoing hiring needs, digital modernization efforts, and the strategic importance of technology talent for the country’s competitive position in the global market. This outlook aligns with broader government goals to foster innovation, digital transformation, and a resilient IT workforce despite evolving economic conditions.
Earlier discussions in legislative and executive circles explored the wider implications of IT talent mobility, including debates about retention and the reasons behind the migration patterns observed among tech professionals. The conversations emphasized that the country would benefit from policies that strengthen local opportunities while ensuring that skilled IT workers have access to competitive compensation, modern infrastructure, and clear career pathways. The focus remained on building a supportive ecosystem where IT firms can attract and retain top talent to drive innovation and sustainable growth.