/sci/ - Science & Math

Ooof

https://www.newsweek.com/roscosmos-russia-space-agency-sell-assets-sanctions-1874100

In December, Roscosmos Director General Yuri Borisov said on state TV that the year "was not easy" for the company. "But the most important thing is that, I hope, we have reversed all the negative trends that have accompanied the industry for several years," he said.

A list of properties the company hopes to sell in 2024 includes those located in the capital Moscow, and the surrounding Moscow region, the Krasnodar region, Samara, the Tver region and elsewhere.

Funds from the sale of property will be used to "improve the financial and economic condition of the enterprises" of Roscosmos, the representative said, noting that last year, the company made over 6.5 billion rubles ($70.72 million) from the sale of its non-core assets.

Borisov said in December that the company had lost contracts worth 180 billion rubles ($1.9 billion) out of 230 billion ($2.5 billion) as a result of the ongoing conflict in Ukraine and subsequent sanctions imposed on Russia by Kyiv's allies.

"Out of 230 billion rubles, 180 billion of contracts went to so-called unfriendly countries—these included the supply of engines, these included launch services. Therefore, 180 billion, in fact, has gone from our export revenue," Borisov told the Russia-24 TV channel.