IC Group and VTB to Invest $272 Million in DPR Data Center
IC Group and VTB Bank will invest 20 billion rubles ($272 million) to build a data center in the Donetsk People's Republic. The facility aims to enhance local digital infrastructure and respond to growing demand for data processing capabilities.
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IC Group and VTB Bank have entered into a cooperation agreement to construct a 500-rack data center in the Donetsk People's Republic (DPR), with total investments expected to reach 20 billion rubles ($272 million). The facility, part of an industrial technology park, is scheduled for completion by 2036.
This initiative responds to increased demand from businesses and public sectors for local data storage and processing. The project is also expected to bolster the region's digital economy and infrastructure, driven by advancements in AI technologies and stricter information security regulations. Significant potential exists in Donbass due to its strong energy base, which supports digital infrastructure development.
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