Russia will spend $ 50 billion on the aerospace industry

According to AFP, on April 12, when Russia and many countries around the world celebrated the 52nd anniversary of the establishment of the space exploration and research industry, President Vladimir Putin announced a plan to spend $ 50 billion to sustain. Russia's leading aerospace power.

Speaking at a conference on the development of the Russian space tourism industry in the city of Blagoveshensk, President Putin announced that from now to 2020, Russia will spend 1,600 billion rubles (more than 53 billion USD) for research activities and use space for socio-economic development and other peaceful purposes.

Putin announced in 2013 that the Russian space tourism industry was granted 181 billion rubles (more than $ 6 billion) from the federal budget, more than three times more than in 2008.

Russia currently ranks third in the world, after the United States and the European Union (EU), on funding for space exploration and research, but has increased funding more than five times.

The Russian space exploration and research industry is still outdated compared to other powers in the fields of remote Earth observation devices, space exploration and technology, and the Moscow government The task must quickly eliminate this backwardness.