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Space

Russian Federal Space Program Financing to 2025 Set at Around $40 Billion

Sputnik News

14:16 15.04.2015(updated 15:04 15.04.2015)

According to scientific technical council for Russia's space agency Roscosmos, financing for Russia's federal space program through 2025 will be approximately $40 billion.

MOSCOW (Sputnik) – Financing for Russia's federal space program through 2025 will be approximately $40 billion, the scientific technical council for Russia's space agency Roscosmos said Wednesday.

"Financing for the Federal Space Program-2025 is planned in the amount of 2 trillion rubles ($40 billion)," Roscosmos's press service said.

Yuri Koptev, the head of the Roscosmos scientific and technical board, said the above-mentioned sum is the minimal amount required for achieving Russia's objectives in space.

Late in March, Koptev said that Russian space project price estimates have risen on average by 27 percent due to the unfavorable economic situation.

Roscosmos scientists have managed to cut some expenses. On Tuesday, Roscosmos head Igor Komarov told President Vladimir Putin that the agency has decreased planned design expenditure estimates for a super-heavy rocket tenfold, from $11.5 billion to $1.15 billion.

The Russian Federal Space Program for 2016-2025 is expected to be submitted to the government by June 10, 2015. It will include a number of ambitious projects such as a full-scale moon exploration program.

Sputnik



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