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

Trump Defiant as Markets Dive

Despite mounting investor anxiety and a steep drop in market values worldwide, Trump dismissed fears of economic fallout, declaring that “world leaders are dying to make a deal.” Amid deepening turmoil on

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

NATO continues to escalate tensions: Russia

Russian Foreign Ministry spokesperson Maria Zakharova said NATO’s ongoing militarization

Russian drone strikes damages port infrastructure in Odesa

As of 5:30 am local time, there were no reports