Russia's financial sector achieves 90% shift to domestic software
Russia's financial industry has made significant progress in replacing foreign software with domestic alternatives. According to Maxim Sukhov of T1 Innotech, the sector has achieved over 90% import substitution. Prime Minister Mikhail Mishustin also highlighted growing reliance on Russian-made digital tools across various industries.
The financial sector leads in reducing dependence on foreign technology. Companies here have focused on replacing systems critical to customer transactions and infrastructure security. Some areas within finance are even nearing full import substitution.
In June 2025, Mishustin reported that 80% of financial management tools used by Russian enterprises were locally developed. He also noted that half of all programs installed for digital design now come from domestic providers. The sector's success offers a key lesson: reusing existing solutions speeds up adoption and avoids unnecessary reinvention. Other industries, however, face greater challenges. Retail is making progress but still lags behind finance. Meanwhile, manufacturing struggles the most due to its reliance on foreign hardware. No official data yet confirms how many companies have fully transitioned to Russian software in core processes by the end of 2024.
The financial industry's high substitution rates demonstrate the feasibility of shifting to domestic software. While sectors like retail and manufacturing continue adapting, finance's approach—prioritising critical systems and leveraging existing tools—provides a model for others. The trend reflects broader efforts to strengthen technological independence in key areas of the economy.
