Russian Space Program Costs Soar 30% Over Sanctions

Russian Space Program Costs Soar 30% Over Sanctions
by Staff Writers
Moscow (Sputnik) May 25, 2015

File image.

The total costs of Russia's Federal Space Program have increased 30 percent because of Western-imposed sanctions, Roscosmos Statistics Secretary Denis Lyskov said Thursday.

"In the current economic conditions, Roscosmos has ended up in a difficult situation. We had to completely overhaul the entire space program because of these figures," Lyskov said during a roundtable discussion in the Russian lower house of parliament.

Lyskov said that since equipment was bought abroad, sanctions and the increasing currency rate of the dollar to the ruble forced changes in the space program.

"The overall increase in costs for the entire space program in its new publication is around 30 percent," Lyskov said.

Source: Sputnik News

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