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Russia's Space Agency Forced to Sell Off Assets as Sanctions Take Toll
Newsweek ^ | Feb. 28, 2024 | Isabel van Brugen

Posted on 02/28/2024 11:08:35 AM PST by canuck_conservative

A representative of the company told Russian news outlet RBC that the decision was made after Roscosmos lost almost 80 percent of its export income after losing orders and key partners due to the war in Ukraine. This year, it intends to sell 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...

In October last year, Roscosmos appeared to admit that Russia's Luna-25 mission failed as it couldn't replace Western tech.

The company said the unmanned spacecraft Luna-25, which was expected to land on the South Pole of the moon on August 21, spun out of control and crashed into the moon's surface on August 19 due to a malfunction in the probe's control unit.

Russia has struggled to replace some of the sophisticated technology it imported from the West, such as microchips, since it was hit with unprecedented sanctions over the invasion of Ukraine...

(Excerpt) Read more at newsweek.com ...


TOPICS: Extended News; News/Current Events; Russia; Ukraine
KEYWORDS: 3rdyear; hunkamaximus; putinsblunder; roscosmos; sanctionsworking; whocares; zeeperscreepers
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Sanctions working here
1 posted on 02/28/2024 11:08:35 AM PST by canuck_conservative
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To: canuck_conservative
Not to worry...

Hunter Biden-linked Russian oligarchs spared in latest 500-name sanctions list

2 posted on 02/28/2024 11:14:11 AM PST by rxsid (HOW CAN A NATURAL BORN CITIZEN'S STATUS BE "GOVERNED" BY GREAT BRITAIN? - Leo Donofrio (2009))
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To: All

Items of note:

1) Russia clearly is not communist. If they were, they would not care about lost sales outside Russia, but note that these are somewhat minor since for most of the last 15 years the world has depended on Russia’s excellent launch vehicles.

2) Space is hard. Failures in space measure nothing other than space being difficult. Note Japan’s upside down lander and the US lander that wound up sideways. Space is hard. It has nothing to do with what tech you have.

3) If you are not privately owned (like most Russia companies) then your central bank can print up money and give it to you. That would be done for Roscosmos if they were not mostly private. It was certainly done for GM and most US banks from 2008 onwards. This is more important than any other single matter. The US creates bytes, Russia creates joules.


3 posted on 02/28/2024 11:15:43 AM PST by Owen (.)
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To: canuck_conservative
Yeah, just as your gender reaffirming surgery is working.
4 posted on 02/28/2024 11:16:03 AM PST by Robert DeLong
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To: canuck_conservative

Good thing Biden re-started the Cold War. Now the Russians will have to rebuild their economy to make it independent of Eurabia.


5 posted on 02/28/2024 11:19:45 AM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: canuck_conservative

This is the country that is going to put nukes in space?


6 posted on 02/28/2024 11:22:17 AM PST by Midwesterner53
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To: Owen

Items of note:

The ruble is off 40-50% and he raised rates to 16% to lure in hard currency to stem the losses.

This is more significant than any other single matter.


7 posted on 02/28/2024 11:25:32 AM PST by Freest Republican (This space for rent)
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To: Owen
Space is hard

And yet, India somehow managed to successfully soft-land their probe on the Moon just 1 week after Russia failed

So, you must mean that space is hard for Russia, but not other countries


8 posted on 02/28/2024 11:27:03 AM PST by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: Midwesterner53

Exactly:

The contradictory narratives are classic brainwashing.

Proposition 1: Russia is so powerful and dangerous that they are going to over-run Europe and rain nuclear war on the US.

Proposition 2: Putin is dead or dying or politically weak. Russia is collapsing from within. The Russian economy is dead.

The Deep State can’t get their lies straight.

As for the truth, who knows...


9 posted on 02/28/2024 11:29:25 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: canuck_conservative
"With money and equipment provided by the C.I.A., crews under General Dvoretskiy’s command began to rebuild, but underground. To avoid detection, they only worked at night and when Russian spy satellites were not overhead. Workers also parked their cars a distance away from the construction site.

In the bunker, General Dvoretskiy pointed to communications equipment and large computer servers, some of which were financed by the C.I.A. He said his teams were using the base to hack into the Russian military’s secure communications networks.

Beyond the base, the C.I.A. also oversaw a training program, carried out in two European cities, to teach Ukrainian intelligence officers how to convincingly assume fake personas and steal secrets in Russia and other countries that are adept at rooting out spies.

At the time, the future head of Ukraine’s military intelligence agency, General Budanov, was a rising star in Unit 2245. He was known for daring operations behind enemy lines and had deep ties to the C.I.A. The agency had trained him and also taken the extraordinary step of sending him for rehabilitation to Walter Reed National Military Medical Center in Maryland after he was shot in the right arm during fighting in the Donbas."

NY TIMES: The Spy War: How the C.I.A. Secretly Helps Ukraine Fight Putin. Feb. 25, 2024

SOOOO. I guess the Russian invasion of Ukraine WAS provoked after all.

10 posted on 02/28/2024 11:33:06 AM PST by PGR88
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To: canuck_conservative
And yet, India somehow managed to successfully soft-land their probe on the Moon just 1 week after Russia failed So, you must mean that space is hard for Russia, but not other countries

Unsurprisingly, you ignore our very own problem, in which our spacecraft fell on its side.

Russia BAD BAD BAD. Everyone else GOOD GOOD GOOD.

11 posted on 02/28/2024 11:35:22 AM PST by Lazamataz (Laz 2005: "First, we beat the Soviet Union. Then we became them.")
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To: Lazamataz

Luna-25 failed because Russia couldn’t get the technology, which was sanctioned

So, the sanctions are working


12 posted on 02/28/2024 11:40:21 AM PST by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: Freest Republican

Oh heavens no.

The Ruble is “off” means it has a number defined by trading on exchanges located in US and UK, i.e., hostile countries. Why would you think that trading is not government defined?

This means nothing compared to the production of actual joules.


13 posted on 02/28/2024 11:41:24 AM PST by Owen (.)
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To: canuck_conservative

What about the Ukrainians losses on the front cuck-canuck? Why is it going west?


14 posted on 02/28/2024 11:50:09 AM PST by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: Allegra; AndyJackson; ANKE69; bimboeruption; dforest; doorgunner69; fireman15; MoochPooch; ...
ZEEPER-FOLLIES-PINGLIST

FREEPER FOLLIES PINGLIST!!

(((PING!)))

Join and laugh at the humor Zeepers provide!!

15 posted on 02/28/2024 11:53:16 AM PST by aMorePerfectUnion
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To: Owen

Oh heavens YES-it’s been freely traded on the same exchanges for quite a while.

and when it was up the first half of the invasion -they forgot the fix was in.

16% for hard currency means there is no need for any of the above reply and also prime reason to sell assets.


16 posted on 02/28/2024 11:53:48 AM PST by Freest Republican (This space for rent)
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To: canuck_conservative

“Luna-25 failed because Russia couldn’t get the technology, which was sanctioned
So, the sanctions are working”

Until Russia starts manufacturing their own parts which they are doing more and more every day. All the sanctions did was pull out our own colonizing western corporations that were just itching to extract Russian wealth and tranny up Russian children.


17 posted on 02/28/2024 11:54:56 AM PST by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: canuck_conservative

>So, you must mean that space is hard for Russia, but not other countries

Why doesn’t Canada have a rocket program?
https://www.cbc.ca/news/science/canada-space-race-rockets-1.4505847?cmp=rss


18 posted on 02/28/2024 11:58:55 AM PST by fretzer
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To: wildcard_redneck

You got a few km on one small section of the front, the rest hasn’t moved in a year

bfd

at this rate, it’ll take 400 years for Russia to take Ukraine


19 posted on 02/28/2024 12:03:30 PM PST by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: canuck_conservative

“You got a few km on one small section of the front, the rest hasn’t moved in a year
bfd
at this rate, it’ll take 400 years for Russia to take Ukraine”

That sounds like something Hitler would have said about the Russians in 1942. I hope you have your bunker ready..


20 posted on 02/28/2024 12:09:21 PM PST by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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