Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Mikhail Svetlov/Getty Images

Russian President Vladimir Putin enacted legislation on Monday that requires all consumer electronics sold in the country, including smartphones, laptops and smart TVs, to come pre-installed with Russian software, Reuters reports.

Why it matters: Electronics retailers, including Apple, Samsung and Huawei, have criticized the law, claiming the government adopted the legislation without consulting them.

Details: The law, effective next year on July 1, will require foreign companies to install a list of Russian applications and software that the government will announce at a later date.

  • The government justified the law as a means of helping Russian IT firms compete with foreign companies and sparing consumers from having to download software on a new device.

The big picture: The law follows several strict internet or electronics laws or rules adopted by the government in recent years, per Reuters.

  • Russia announced Monday that it plans to spend 2 billion rubles ($31 million) to replace the online encyclopedia Wikipedia with its "Great Russian Encyclopaedia" after Putin deemed Wikipedia unreliable, Reuter reports.
  • Last week, Russia announced that Apple would show Crimea as part of Russian territory in its maps and weather apps when they are used inside of Russia. The United Nations still recognizes Crimea, which Russia invaded in 2014, as belonging to Ukraine.
  • Last month, the UN adopted an anti-cybercrime pact backed by China, North Korea and Russia, against the wishes of U.S. and pro-civil liberty groups. Axios' Joe Uchill writes that the resolution could give more legitimacy to governments pursuing domestic networks detached from the global internet.

Go deeper:

Go deeper

10 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

Scoop: Biden weighs retired General Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star General Lloyd Austin as his nominee for defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 12 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.