Thursday, March 17, 2016

Russia Slashes Space Program Budget by 30%

Russian Prime Minister Dmitry Medvedev agreed to slash funding for Russia's space programme by 30 percent on Thursday, an effort to reign in state spending in the face of a deepening economic crisis.

Approving a plan submitted by Russian space agency Roscosmos in January, Medvedev ordered Russia's space programme budget for 2016-2025 to be cut from 2 trillion roubles ($29.24 billion) to 1.4 trillion roubles.

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