Russia's Rostec is willing to use pension funds to implement new anti-terror law

State Corporation Rostec proposed to implement the Yarovaya package, related to the digital storage of Russian data, at the expense of the Russian Pension Fund. Russian telecommunication operators would see a return on their invested funds in five years.

The Minister of Industry and Trade suggested to Russian President Vladimir Putin, in response to his order, that he entrust the implementation of the law regarding the storage of Russian telephone conversations and emails to the National Center of Informatization – one of the subsidiaries of the Rostec state corporation. This was reported on Friday, September 2 by the Vedomosti newspaper, with reference to the letter from the acting general director of Rostec, Vladimir Artyakov, to the Minister of Industry and Trade, Denis Manturov. In order to finance a single provider of data storage, the corporation offered to attract investment “using market instruments.” The letter says that the service provider’s customers will be “large companies,” so its creation could become a “safe and profitable investment of the Pension Fund of the Russian Federation.”

According to the Rostec plans, telecommunication companies do not need to invest in their own storage systems. They will only pay the provider for the maintenance of a single database. According to the letter, in five years the payments will amount to RUB 95-105 billion. Every major telecommunication operator would have to pay RUB 3-4 billion each year.

The adoption of the package of Russian “anti-terrorist” laws, initiated by the State Duma deputy Irina Yarovaya and Federation Council member Viktor Ozerov, required the creation of a separate system for storing large amounts of information. According to the document, from July 1, 2018, operators will have to keep information about phone calls and user messages for three years. In addition, operators will have to store up to six months of user content and up to one year of user information.

  Russia

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