Report: VEB mulls financing new in-orbit connection satellitesPM - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: VEB mulls financing new in-orbit connection satellitesPM

MOSCOW, Aug 9 (PRIME) -- The supervisory board of Russian state bank Vnesheconombank (VEB) is considering financing creation of new in-orbit satellites, business daily Vedomosti reported Thursday citing the boards head and Prime Minister Dmitry Medvedev.

Were talking about the manufacture of new in-orbit satellites of connection, television and radio broadcasting on the basis of the Russian Satellite Communications Company, Medvedev said at a meeting of the board. He added that participation in the development of digital technologies is one of VEBs tasks.

Amid rapid evolution of the industry and tough competition, Russian companies should speed up work and replace obsolete space apparatuses with more powerful ones, more advanced, more high-technological.

VEBs money will strengthen positions of local operators on the global market of connection and will support local enterprises of the defense and industry complex, Medvedev said.

President Vladimir Putin said in mid-July that Russia should launch 640 space satellites of the project Sfera, or Sphere, from 2022 till 2028. The countrys active satellite constellation currently counts 150 apparatuses.


09.08.2018 16:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.1299 +0.2276 19 oct
USD 63.9542 -0.0602 19 oct
Stock Market Indices
1D 1W 1M 1Y
rtsi 1355.27 +0.13 18:50 18 oct
micex 2752.91 +0.16 18:50 18 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 228.00 0.00 18:49 18 oct
lkoh 5720.00 +0.09 18:49 18 oct
rosn 415.00 -0.63 18:49 18 oct
sber 235.55 +0.88 18:49 18 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.1150 +0.3100 14:59 18 oct
USDTD 63.9150 -0.2900 17:44 18 oct