Putin made some comments on Rostec. Maybe Chemezov is on the way out? "Modest" translates to bad, imo. I would like to see Chemezov out. He is corrupted and not too competent. Both tech conglomerates had wrong people on the top ( Chemezov and Chubais) and it shows.
Putin announced modest results of Rostec digital projects
According to the president, we are talking about the results "including projects for creating fifth-generation networks, developing the production of equipment for the widespread introduction of the Internet of things"
NOVO-OGAREVO, 18 July. /TASS/. Projects for the development of end-to-end digital technologies, for which the state corporation Rostec is responsible, have shown modest results. This was stated by President Vladimir Putin at a meeting of the Council for Strategic Development and National Projects on Monday.
“Modest results have been demonstrated in the areas for which Rostec is responsible. I know that colleagues will now say: there is not enough funding, something else. But I am simply stating the very fact of what is happening,” the head of state said.
According to him, we are talking about the results "including projects for the creation of fifth-generation networks, the development of equipment production for the widespread introduction of the Internet of things." "And the project for the development of the microelectronic industry had to be completely restarted last year," the president said.
Putin added that there are positive results in the work of state corporations. He noted the progress made by Sberbank in the field of artificial intelligence, Russian Railways in the field of quantum communications, Rosatom in the field of composite materials.
"However, in general, this work cannot be considered particularly successful either. Five of the 13 areas are not being implemented, and in the rest, at least 20% of the target indicators have been achieved, and, of course, these indicators will not be achieved in 2022," the head said.