Thursday, January 3, 2013

Russia plans on investing 2.1 trillion rubles for space industry until 2020

Russia is currently preparing to allocate 2.1 trillion rubles (about $70 billion) under a state program for the development of the country’s space industry from 2013 until 2020, Prime Minister Dmitry Medvedev said during a government meeting on Thursday.

“The total volume of funding is quite significant: 2.1 trillion rubles, including extrabudgetary sources,” the Prime Minister added.

The new program is designed to guarantee that Russia retains its position as the top global space power, while also supporting it defense capability and boosting social and economic development.

“The program will enable our country to effectively participate in forward-looking projects, such the ISS [International Space Station], the study of the Moon, Mars and other celestial bodies in the solar system,” Medvedev said.

Skolkovo space cluster Director for Development Dmitry Paison told the RIA Novosti that the program provides the foundation for other space-related programs in Russia.

“It comprises the Federal Space Program, the Federal Special Program for the Development of the Glonass System, the program for the development of space launch centers and the non-classified part of the program for the technical modernization of the industry,” Paison added.

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