Vladimir Putin Dissolved Roscosmos, Russia’s Federal Area Company
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With the flourish of a pen earlier right this moment, Russian president Vladimir Putin formally put an finish to Roscosmos, the country’s federal area company. That decree capped off over a year’s value of organizational despair because the company noticed its ten-yr budget minimize (again), the lack of a handful of spacecraft and the misuse of over 92 billion rubles (or $1.8 billion) partially thanks to a pervasive tradition of corruption. Don’t fret about the country’s spacebound ambitions, though – Roscosmos shall be reborn as a state-run company on January 1.
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