Russian President Vladimir Putin on Monday Dec 28,2015 signed a decree abolishing
the Federal Space Agency, Roscosmos, within the framework of the
country`s space sector reform
The functions of the agency will be assumed by the state corporation with the same name, Roscosmos, set up by a law signed by Putin in July 2015
The Roscosmos State Corporation will also take over the functions of the United Rocket and Space Corporation and thus become the sole agency responsible for research, development and use of outer space.
The newly-created corporation will manage space operations and implement the regulatory control accordingly.
It will also be responsible for international activities in the field of space research and use.
Russian authorities expect the new organisation to help consolidate relevant government and business structures, simplify operation and monitoring mechanisms, and solve existing problems in the industry.
The functions of the agency will be assumed by the state corporation with the same name, Roscosmos, set up by a law signed by Putin in July 2015
The Roscosmos State Corporation will also take over the functions of the United Rocket and Space Corporation and thus become the sole agency responsible for research, development and use of outer space.
The newly-created corporation will manage space operations and implement the regulatory control accordingly.
It will also be responsible for international activities in the field of space research and use.
Russian authorities expect the new organisation to help consolidate relevant government and business structures, simplify operation and monitoring mechanisms, and solve existing problems in the industry.
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