Russian President Vladimir Putin has announced plans to abolish the Federal Space Agency Roscosmos, which will be replaced with a state-run space agency instead.
The new agency will feature more advanced technology amid plans to launch commercial spaceflights in the future.
“Under the federal law of July 13, 2015 On the State-Run Corporation for Space Activities Roscosmos the Federal Space Agency shall be abolished,” the decree said. All documents concerning the agency’s activity will now be applicable to the State Corporation for Space Activities Roscosmos.
Putin instructed the Russian government to ensure the continuity of powers and functions to be handed over from the abolished federal space agency to the Roscosmos corporation, see to it the required liquidation procedures are accomplished within the officially established deadlines and establish guarantees and compensations the dismissed employees are entitled to in accordance with the applicable legislation.
The Cabinet of Ministers is to resolve other financial, material, technical and other issues in connection with the implementation of this decree.
The presidential decree will take effect on January 1, 2016.
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