Two private satellites to be launched with state support from Vostochny this year - Russian PM

MOSCOW. Nov 10 (Interfax) - Two private satellites will be launched with state support from the Vostochny Cosmodrome this year, Russian Prime Minister Mikhail Mishustin said.

"All areas of space activity are quite resource-intensive and large-scale, which is why a more active involvement of businesses in such projects and additional incentives for innovation and technological advancements are crucial," Mishustin said at the Development of Space Activity in Russia strategic session on Tuesday.

"There could be a great variety of specific mechanisms, including assistance to technological companies by the provision of launch services at affordable rates. Two private satellites will be launched for the first time with state support from the Vostochny Cosmodrome this year," he said.

Russia also stays focused on building a fully-fledged market model for the provision of remote sensing data, Mishustin said.

"High-resolution images are now available to all entities and agencies on commercial terms, which unlocks vast opportunities for hefty investment in this sector," he said.