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

UK-Kenya defence partnership deepened

Defence Secretary met with Agnes Wanjiru’s family to offer condolences, fulfilling his commitment and making him the first UK Minister to meet with them In a historic and emotionally charged visit to

South Africa hosts virtual meeting of G20 Sherpas

During the meeting, Zane Dangor spoke about the importance of continuing to work with multilateral institutions, including the United Nations, to address global challenges South Africa hosted the second virtual meeting of

WFP warns as Sudan war enters third year

The civil war began on April 15, 2023, amid a power struggle between the Sudanese army and the leader of a powerful rival militia called the Rapid Support Forces The conflict, which
Go toTop

Don't Miss

Putin will pay heavy price, warns NATO

The alliance called Russia’s military ‘operation’ “a horrifying attack on

Russia calls US aid to Ukraine a ‘bloody New Year’s gift’

The diplomat predicted that any arms provided by NATO nations