Russia to spend $21 bn on space industry

Russia will spend $21 billion to develop its space industry in the coming years, PM Dmitry Medvedev said Monday.

Moscow: Russia will spend 670 billion rubles ($21 billion) to develop its space industry in the coming years, Prime Minister Dmitry Medvedev said Monday.

"This is big money, you must not let a significant part of it be blown away," Medvedev told a government meeting in his Moscow region residence Monday but did not give the exact timeframe for the expenditure.

The prime minister said a string of recent space failures "just should not be". He earlier said the failures hurt Russia`s image as a leading space power.

"No space power has had that many failed launches," he said.

Medvedev sacked a number of senior space officials last month after two satellites were lost due to a failure in the Russian Proton-M rocket`s upper stage.

Speaking Monday, Medvedev said that entire teams working on spacecraft should be held responsible for future failures, not only key officials.

He also said the country`s space industry was in need of a "new system of quality control".


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