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GLONASS satellite grouping’s operator switches to self-recoupment

JSC GLONASS, the operator of Russia’s commercial satellite orbital grouping, is switching to self-recoupment

© Evgeny Kurskov/TASS

MOSCOW, April 24. /TASS/. JSC GLONASS, the operator of Russia’s commercial satellite orbital grouping, is switching to self-recoupment and the Russian government will stop its financing from 2018, Deputy Prime Minister Dmitry Rogozin reported to President Vladimir Putin during a working meeting on Tuesday.

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"JSC GLONASS, which is the federal operator of this system, is a company wholly owned by the state," the vice-premier said.

"I also want to inform you that from this year we are stopping state financing because this organization has switched to self-recoupment," Rogozin said.

In the vice-premier’s opinion, "this is very important" and "underlines the success of the policy of commercializing the possibilities, which Russian orbital systems are creating."

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