Support The Moscow Times!

Russia Falls to 26th Place in Bloomberg Innovation Index

Jarmoluk / Pixabay

Russia now ranks 26th on Bloomberg's Innovation Index having dropped 14 places since last year's tally of world's the most innovative economies.

South Korea held its title in first place, followed by Sweden and Germany.  In drawing up the agency's ratings, analysts take into account spending on research and development, as well as the number of public high-tech companies in the country.

Russia's fall in the ranking was the most dramatic of all the countries, which Bloomberg reported was due to the effects of international sanctions and low energy prices. 

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more