After setbacks, Russia boosts space spending

MOSCOW Fri Dec 28, 2012 1:27am IST

The Soyuz TMA-06M spacecraft carrying the International Space Station (ISS) crew of U.S. astronaut Kevin Ford and Russian cosmonauts Oleg Novitskiy and Evgeny Tarelkin blasts off from its launch pad 31 at the Baikonur cosmodrome October 23, 2012. REUTERS/Shamil Zhumatov/Files

The Soyuz TMA-06M spacecraft carrying the International Space Station (ISS) crew of U.S. astronaut Kevin Ford and Russian cosmonauts Oleg Novitskiy and Evgeny Tarelkin blasts off from its launch pad 31 at the Baikonur cosmodrome October 23, 2012.

Credit: Reuters/Shamil Zhumatov/Files

Related Topics

MOSCOW (Reuters) - The country that oversaw the launch of the world's first artificial satellite hopes to regain some of its former glory with a big boost in space spending announced by Russia on Thursday after a series of failures.

Prime Minister Dmitry Medvedev approved a plan to spend 2.1 trillion roubles on developing Russia's space industry from 2013 to 2020, state-run RIA news agency reported.

"The programme will enable our country to effectively participate in forward-looking projects, such as the International Space Station (ISS), the study of the Moon, Mars and other celestial bodies in the solar system," Medvedev was quoted as saying.

Despite the launch by the former Soviet Union of Sputnik 1 in 1957, triggering the Cold War space race, Russia's space programme has suffered a series of humiliating setbacks in the past year.

These have mostly involved unmanned missions such as satellite launches, that industry veterans blame on a decade of crimped budgets and a brain drain.

Russia budgeted about 100 billion roubles for space programmes annually in 2010 and 2011, far less than the yearly average of the amount Medvedev announced, but he said some of the money would come from outside the state budget.

The failure of a workhorse Proton rocket after launch in August caused the multimillion-dollar loss of an Indonesian and a Russian satellite. A similar problem caused the loss of a $265 million communications satellite last year.

Medvedev criticised the state of the industry in August, saying problems were costing Russia prestige and money.

Since the retirement of its space shuttle fleet last year, U.S. space agency NASA has been relying on Russia to take astronauts to the ISS at a cost of $60 million each, and plans to continue until its own new craft is developed in 2017.

(Reporting By Nastassia Astrasheuskaya; Editing by Michael Roddy)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Rising Star

Reuters Showcase

Cybercrime

Cybercrime

Hacker sentenced to 21 months in U.S. prison for $15 mln scheme.  Full Article 

Printed Instruments

Printed Instruments

3D printed instruments make sweet music in Sweden.  Video 

Tweet Debut

Tweet Debut

Britain's Queen Elizabeth sends her first tweet.  Full Article 

Artificial Intelligence

Artificial Intelligence

Google bolsters artificial intelligence efforts, partners with Oxford.  Full Article 

Fighting For Workers

Fighting For Workers

Ralph Nader urges Apple to reduce buybacks, improve wages - WSJ.  Full Article 

Future Uncertainty

Future Uncertainty

Ericsson flags North America slowdown.  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Looking To Sell

Looking To Sell

HP seeking buyers for corporate-networking business in China - WSJ.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage