Finance
Putin orders Russian government and top bank to develop AI cooperation with China
Published by Global Banking & Finance Review®
Posted on January 1, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 1, 2025
2 min readLast updated: January 27, 2026
Putin directs Russia and Sberbank to enhance AI ties with China, aiming to overcome Western sanctions and boost AI development.
MOSCOW (Reuters) - President Vladimir Putin has ordered Russia's government and the country's biggest bank, Sberbank, to build cooperation with China in artificial intelligence.
Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with BRICS partners and other countries to develop AI.
He told the government and Sberbank, which is spearheading Russia's AI efforts, to "ensure further co-operation with the People's Republic of China in technological research and development in the field of artificial intelligence".
Western sanctions intended to restrict Moscow's access to the technologies it needs to sustain its war against Ukraine have resulted in the world's major producers of microchips halting exports to Russia, severely limiting its AI ambitions.
Sberbank CEO German Gref acknowledged in 2023 that graphics processing units (GPUs), the microchips that underpin AI development, were the trickiest hardware for Russia to replace.
By partnering with non-Western countries, Russia is seeking to challenge the dominance of the United States in one of the most promising and crucial technologies of the 21st century.
Putin said on Dec. 11 that a new AI Alliance Network would bring together specialists from BRICS countries and other interested states.
Russia currently ranks 31st of 83 countries by AI implementation, innovation and investment on UK-based Tortoise Media's Global AI Index, well behind not only the United States and China but also fellow BRICS members India and Brazil.
(Reporting by Ksenia Orlova, editing by Mark Trevelyan)
The main topic is Russia's initiative to strengthen AI cooperation with China, led by Sberbank, amid Western sanctions.
Russia is partnering with China to overcome Western sanctions and enhance its AI capabilities by leveraging non-Western technology.
Sberbank is leading Russia's AI development efforts and is tasked with ensuring cooperation with China in AI research and development.
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