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Russian space agency to review project cost due to exchange rate shift in rouble

January 27, 2015, 1:35 UTC+3 MOSCOW
“We’re actively discussing the measures that the government should take in order to enable plants to implement government contracts without price increase,” Komarov added.
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© ITAR-TASS / Stanislav Krasilnikov

MOSCOW, January 26. /TASS/. The Russian Federal Space Agency, Roscosmos, plans to review the cost of its projects because of a shift in rouble exchange rate, the newly appointed head of the agency Igor Komarov said in an interview aired by the Rossiya 24 television news channel on Monday.

“We’re now seriously considering what happened after a shift in dollar exchange rate, what happened to credit interest rates and inflation. I think that all this will make us review the cost of our projects by the end of the first quarter,” he said.

Komarov added that the credit interest rates are being reconsidered now. “We’re discussing some ideas how to constrain interest rates for new projects. I am confident that we will make the decision,” he said.

“We’re actively discussing the measures that the government should take in order to enable plants to implement government contracts without price increase. All these processes, which are locked within one financial cycle should be untied with minimal state spending,” Komarov added.

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