From leading the global technological landscape in its struggle against the USA during the Cold War, Russia has fallen into the nethers of mediocrity. Today, tech stocks account for only 4.1% of the Russian stock market, compared to 14.1% of the Indian and 9% of the South Korean markets respectively. Meanwhile, the figure of $9.8bn for high-tech exports is dwarfed by the likes of China ($558bn), Germany ($184bn) and the USA ($154bn). The USSR launched the first satellite into space, but now Russia controls less than 1% of the global telecoms market.
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