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Russia forms Roscosmos state corporation

July 13, 2015, 15:07 UTC+3
The state corporation is set up on the basis of the Russian Federal Space Agency and the United Rocket and Space Corporation
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© Stanislav Krasilnikov/TASS

MOSCOW, July 13. /TASS/. Russian President Vladimir Putin signed the law establishing the state space corporation Roscosmos, the press service of the Kremlin said on Monday.

The state corporation is set up on the basis of the Russian Federal Space Agency and the United Rocket and Space Corporation. It becomes the authorized management agency in the field of research, development and use of outer space. The corporation will manage space operations and implement the regulatory control in this sphere. CEO of the United Rocket and Space Corporation Igor Komarov will lead the newly established corporation.

The state corporation will provide services in the field of space exploration, support development of rocket and space products of defense, dual, research and socioeconomic nature, coordinate activities related to GLONASS global positioning system, manage and coordinate operations at Baikonur and Vostochny launch sites.

Roscosmos will also be responsible for international activities in the field of space research and use.

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