Roscosmos announces timeframe for Russian space industry to reach break-even

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In the next two to three years, the Russian space industry will be able to reach breakeven. This assumption was made by the head of Roscosmos, Yuri Borisov, in an interview. “Russia 24”.

“We will still summarize the final results, but hopefully in the next two or three years we can get the industry back to a break-even, profitable level and all the negative trends that accompany that become an issue.” It’s in the past,” Borisov said.

He noted that the total revenue of the Russian rocket and space industry in 2023 exceeds the previous year’s figure by 24 billion rubles.

Borisov also added that Western sanctions have had a serious impact on the Russian space industry, leading to losses in export revenues.

Before that, the head of the company was Roscosmos treasures Contacts with foreign partners as they are important to sustaining and protecting manned programs.

At Roscosmos in November stated about the intention to cooperate closely with private space companies.

Previously reportedHe said two people had successfully completed the full-time phase of cosmonaut selection.

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