The Russian Ministry of Finance has approved 4.5 trillion rubles for a new national project dedicated to space exploration, Roscosmos Director General Dmitry Bakanov announced today.
Bakanov stated that "4.5 trillion has been requested, this has been approved by the Ministry of Finance, so we have no problems here," adding that the Ministry of Finance "met us halfway and added this federal project to the space atom and space science, and indexed it by year," indicating a structured financial plan.
The announcement occurred during the CIPR conference, an event highlighting Russia's developments in digital industries, which is being held from June 2 to 5. Additionally, the Global Digital Forum, focusing on Russia's collaborations with other countries in information and communication technologies, is scheduled within the CIPR framework for June 5-6.
This forum is expected to host more than 1,500 foreign guests on-site, with an additional 10,000 participating virtually. Representatives from Niger, Congo, Malawi, Cameroon, Bosnia and Herzegovina, Serbia, South Ossetia, Senegal, Afghanistan, Ethiopia, Bahrain, the Union of the Comoros, and other participating countries are slated to attend.
The forum will address reducing the digital gap, effective technology transfer, capacity building in the Global South, and international information security, all within the context of achieving the United Nations’ Sustainable Development Goals for 2030. This investment in space exploration highlights Russia's ongoing participation in the global space sector.
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