720 billion rubles – this is how much Russia will spend on financing the space industry in just three years

by alex

Information confirmed by Mikhail Mishustin

Chairman of the Government of the Russian Federation Mikhail Mishustin announced that the country will allocate huge funds to finance the space industry.

Under the conditions of sanctions restrictions, the government is constantly making decisions to maintain the sustainability of the industry. The three-year budget provides more than 240 billion rubles annually for its financing. It is important to promptly adjust the parameters of adopted federal projects and quickly adapt them to the changing situation.

Mikhail Mishustin

He recalled that Russian President Vladimir Putin instructed to extend state support mechanisms that were developed for industrial investment projects to the rocket and space sector and take measures to develop exports. Countries in Africa, Asia, the Middle East and Latin America are seen as major potential markets.

It is important to remember that behind the development of the space industry are, first of all, people. It is they who achieve their goals with their knowledge and work. It is necessary to build competent work with specialists, with young people, to create decent conditions for them in order to prevent the drain of qualified personnel who are involved in industrial science and production.

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