The conflict between Russia and Ukraine is causing problems all around the world— including the risk to Israeli high-tech firms, who rely on close to 20,000 Ukrainian employees.
The last few years have set new records for the Israeli high-tech industry. According to Israel’s Ministry of Economics, high-tech exports of programming, cyber security, and OCCs (offensive cyber capabilities) soared in 2021. The greatest growth has been in the sale of Israeli start-ups, which grew by 257 percent from 2020. Programming services grew by 25 percent and R&D services by 15 percent.