Sanctions to Have Little Impact on ICT Spending: IDC

Russia’s invasion of Ukraine and the punitive sanctions levied against Moscow will drive a “steep decline” in information and communications tech spending in both countries, followed by “slow recovery” in both, reported IDC Monday in a “first take” analysis on how the crisis likely will weigh on the global tech sector. It predicts the worldwide impact on ICT spending “will be somewhat limited” for now, it said. Russia and Ukraine combined generate only 5.5% of all ICT spending in Europe and 1% worldwide, said IDT. But the “likely impact” from the crisis on trade, supply chains, capital flows and energy prices “will affect the global economy on a broader scale with negative consequences for both the regional and worldwide ICT market,” it said.