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Roscosmos not involved in RSC Energia financial operations — official

April 17, 2014, 11:44 UTC+3 MOSCOW
“Roscosmos is a customer for RSC Energia products and does not interfere in the company management,” the official stressed
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RKK Energia head Vitaly Lopota

RKK Energia head Vitaly Lopota

© ITAR-TASS/Alexandra Mudrats

MOSCOW, April 17. /ITAR-TASS/. Russia’s Federal Space Agency (Roscosmos) is not involved in the management of Rocket and Space Corporation Energia (RSC Energia), a Roscosmos official told ITAR-TASS on Thursday, commenting on the criminal case filed against RSC Energia head Vitaly Lopota.

“The Federal Space Agency is not involved in financial operations of the leadership of RSC Energia, in particular, in obtaining and providing loans at the enterprise,” he said.

He noted that the state currently holds a 38.22% stake in the RSC Energia open joint-stock company. “According to the Russian government’s resolution of February 3, 2014, this stake within six months will be transferred to the registered capital of the JSC United Rocket and Space Corporation,” the official specified.

“Roscosmos is a customer for RSC Energia products and does not interfere in the company management,” he stressed.

Earlier, spokesperson for Russia’s Investigative Committee Vladimir Markin said that the investigation department for the Central Federal District had opened a criminal case against RSC Energia President Vitaly Lopota. According to the investigators, in 2010, Lopota, who performed management functions in the corporation, gave instructions to the leadership of Energia’s subsidiary JSC Experimental Machine-Building Plant to provide loans to two companies, participating in the Sea Launch commercial project.

This has caused losses worth more than 41 million rubles ($1.14 million) to the state.

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