Russian Space Program Faces Decline in Launches
The Russian space program is experiencing a significant downturn, projected to have the lowest number of annual launches since 1961. This decline is largely attributed to the financial repercussions of the Ukraine invasion, which has led to the cancellation of numerous international contracts and a loss of approximately $2.1 billion for Roscosmos, the state space corporation.
As of August 2024, Russia has conducted only nine launches, with seven by Roscosmos and two military missions. Despite a history of successful launches, the program is losing key international partnerships, particularly with the U.S. and Europe, while seeking closer ties with China.
Looking ahead, Russia plans to develop its own orbital station, with the first modules expected to launch by 2027. The future of the Russian space program remains uncertain as it navigates these challenges.