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Waspie_Dwarf

Russia’s Space Programme

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Russia’s Space Program Lacks Private Investment – Official

MOSCOW, November 21 (RIA Novosti) – Current state restrictions hinder the private sector from financing the development of Russia’s space industry, a senior space official said Thursday.

Russia is expected to spend 2 trillion rubles ($70 billion) on its space program up to the year 2020, but only 72 billion rubles will come from private investors ($2.2 billion), according to Denis Lyskov, deputy head of Russia’s space agency, Roscosmos.

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