Russia States Space Industry Losing Competitiveness, RIA Says

Russia’s space industry may lose it’s competitiveness in three to four years, RIA reported, citing Space Agency Chief Vladimir Popovkin.

“We will become uncompetitive in the next three or four years if we don’t take urgent measures,” the newswire quoted him as saying. Popovkin also proposed employing private companies in the industry, according to RIA.

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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