About 50 major financial institutions have confirmed their intention to switch to using Russian software by January 1, 2025. This was reported to Vedomosti by an unnamed representative of the Central Bank of Russia.

Currently, the regulator is monitoring the transition of supervised organizations with significant critical information infrastructure facilities to the use of domestic software and hardware, and is also monitoring compliance with the established deadlines. 

According to the decree of the head of state, from January 1, 2025, critical information infrastructure facilities belonging, in particular, to banks, telecom operators, government bodies and other organizations, will have to use exclusively domestic software. To ensure the timely implementation of this task, the Central Bank issued instructions in May for banks and non-bank credit organizations that own important critical information infrastructure facilities.

As an unnamed representative of the Bank of Russia told Vedomosti, each company has created a unique project to switch to Russian products. The time frames specified in these projects fully comply with the requirements of the law. All financial institutions in the first category have confirmed that they will be able to complete the transition within the established time frame.

But there is a nuance. Leading financial institutions have made significant progress in localizing their software products, but the level of implementation of this process may vary, noted Vasily Kuts, Director of Industry Solutions at K2Tech Commercial Banks. Vitaly Popov, head of the infrastructure project implementation unit at Softline Group, emphasized that none of the key market players has yet been able to fully switch to using domestic technologies.

Earlier www1.ru reported that the President of the Russian Federation Vladimir Putin instructed the government and the Russian Academy of Sciences (RAS) to include in national projects activities aimed at achieving the superiority of domestic technologies. This was done following a meeting of the Council for Strategic Development. The deadline for completion is July 1, 2025.

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