December 18, 2022
1 min read

Russia to invest $69 mn in quantum communication network

The roadmap includes more than 120 projects, such as tools to promote quantum communications for potential users…reports Asian Lite News

The Russian government will allocate 4.5 billion rubles ($69.4 million) to the state-owned Russian Railways in 2023 and 2024 to expand its quantum communication network, Russia’s RIA Novosti news agency reported on Saturday.

As part of its digital economy framework, the government plans to invest a total of 9.4 billion rubles ($144.9 million) in the Russian Railways to develop the quantum communication network from 2021 to 2024, including 2.7 billion rubles ($41.6 million) in 2023 and 1.8 billion rubles ($27.7 million) in 2024 respectively, according to Russia’s quantum communication roadmap approved in late 2021.

The roadmap includes more than 120 projects, such as tools to promote quantum communications for potential users, development of sales markets, commercialisation of services and products of quantum communications.

The first pilot quantum communication line, built between Moscow and St. Petersburg in 2021 based on its existing optic network, is 700 km long and is expected to increase to 7,000 km by 2024.

ALSO READ: Modi dials Putin, discuss Ukraine war

Previous Story

Greek parliament approves 2023 state budget

Next Story

TTP chief rebuffs Afghan Taliban backing

Latest from -Top News

India Slams BBC Over Pahalgam Coverage

Several social media users pointed out that the BBC’s headline appeared misleading, giving the impression as if “India killed the tourists.”…reports Asian Lite News India has written to a leading British public

Financial Turmoil Grips Bangladesh

The crisis emerged with the political transition after the ouster of former Prime Minister Sheikh Hasina following a violent uprising last year….reports Asian Lite News Bangladesh is grappling with an economic crisis

Hamas Meets Turkish FM Over Gaza Crisis

The delegation briefed Hakan on the latest developments regarding the ceasefire in the Gaza Strip and the delegation’s recent visit to Cairo….reports Asian Lite News A Hamas delegation met with Turkish Foreign

India, France Set to Seal Rafale Deal

Estimated cost of this deal is valued at around Rs 63,000 crore…reports Asian Lite News India and France will on Monday sign the deal for 26 Rafale fighter jets for the Indian
Go toTop

Don't Miss

Russian envoy hits out at The Times for ‘removing’ interview

“Your newspaper has sadly caved in to outside pressure or,

Nato takes on Putin in revived cold war

Putin has done precisely what he warned multiple times would