NewsPutin’s daughter eyes Russian high-tech dominance with state-backed plan

Putin’s daughter eyes Russian high-tech dominance with state-backed plan

Katerina Tikhonova seeks to take control of all high-tech companies in Russia. The daughter of dictator Vladimir Putin dreams of creating a "state corporation," said an industry manager anonymously in an interview with "The Moscow Times," as cited by "Fakt".

Katerina Tichonova is the daughter of Vladimir Putin
Katerina Tichonova is the daughter of Vladimir Putin
Images source: © Getty Images | Andrey Rudakov, © 2021 Bloomberg Finance LP
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Katerina Tikhonova, daughter of Vladimir Putin, plays a key role in the strategy for developing Russia's high-tech sector. The Innopraktika foundation she leads plans to become a central hub for technology enterprises, proposing to create a "single circuit" to develop and implement new technologies. According to the "T-invariant" service, Tikhonova aims to dominate the technology market in Russia, which could result in the formation of a powerful monopoly.

Supported by Natalia Popova, deputy general director of the foundation, Innopraktika's initiatives include creating innovation ecosystems around national technology leaders. At the annual congress "Innovation Practice: Science plus Business," Tikhonova presented the foundation's vision as a "one-stop shop" for high-tech companies, emphasizing the importance of seamless interaction from research to mass production.

Will Putin's daughter take over business?

However, these developments raise concerns among former high-level managers. They claim anonymously that consolidating all technological activities within a single circuit could transform into a state-controlled corporation, Rosrazvitie, which carries numerous consequences. Although Tikhonova believes the fund will attract market investments with the support of powerful partners such as Rosneft, Rostec, or Gazprom, there is no shortage of skeptical voices.

Tikhonova's position on Russia has not gone unnoticed – the U.S. imposed sanctions on her following the invasion of Ukraine. In the justification, it was noted that her activities support the Russian defence industry. The introduction of these restrictions raises questions about the future of her initiatives and their impact on international policy.

Tikhonova's initiatives may also influence Russia's relations with other countries, including Iran. As reported by "The Times," Iran is seeking support for its nuclear program, which may complicate geopolitical events. The implications of secret technological cooperation could be significant for both Russia and its allies.

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