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Putin Slashes Russia's Space Budget and Says He Expects Better Results

posted by janrinok on Tuesday October 12 2021, @06:54PM   Printer-friendly
from the squeeze dept.

Freeman writes:

Putin slashes Russia’s space budget and says he expects better results:

Russia plans to slash funding for spaceflight activities during the coming three-year period, from 2022 to 2024. The cuts will come to about 16 percent annually, several Russian publications, including Finanz.ru, report. (These Russian-language articles were translated for Ars by Rob Mitchell.)

For 2022, the state budget for space activities will be set at 210 billion rubles ($2.9 billion), a cut of 40.3 billion rubles ($557 million) from the previous year. Similar cuts will follow in subsequent years. The most significant decreases will be in areas such as "manufacturing-technological activities" and "cosmodrome development." Funding for "scientific research and development" was zeroed out entirely.

[...] Putin has reportedly told the Russian space corporation, Roscosmos, that it must increase the reliability of Russian rockets and "master" the next generation of launch vehicles. This directive has come in response to growing competition in the global space launch business, particularly from US-based SpaceX.

I guess Russia is throwing in the towel as far as space is concerned?

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  • (Score: 5, Interesting) by khallow on Wednesday October 13 2021, @04:55AM

    by khallow (3766) Subscriber Badge on Wednesday October 13 2021, @04:55AM (#1186582) Journal
    Well, did it happen or not? Seems like that would be more important than the amount of Austrian/German propaganda cooties in the source.

    Protip: if you can't dismiss a news source as propaganda, then it's probably because you are stone dead.

    So, the purpose of such funny article is most probably nothing more than ephemeral manipulation of stock markets. A desperate attempt to slow ongoing transfers of capital into Russia.

    Sounds like you got a sign wrong.

    According to official individual cross-border transfer statistics published by the Russian Central Bank, in the 12 years between 2006 and 2011 [sic, should be 2017], $479 billion (or $519 billion, adjusted for inflation) were transferred from Russia to 257 foreign countries and territories. This figure amounts to 2.4% of Russia’s GDP during the same period.

    Looks to me like Russia is the new sick man of Europe. Maybe they'll get an upgrade in leadership sometime to fix that.

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