Facing "financial crisis," Russia on pace for lowest launch total in 6 decades

Russia's space program is facing significant challenges, with projections indicating it may achieve the lowest number of launches in six decades. As of mid-August 2024, Russia has completed only nine orbital launches this year, a stark contrast to its historical performance. The decline is attributed to various factors, including the impact of Western sanctions following the invasion of Ukraine, which resulted in contract cancellations costing Roscosmos approximately $2.1 billion. The Russian space industry is currently operating at a loss and is expected to struggle until at least 2025. In response, Roscosmos is seeking new markets in Africa, the Middle East, and Southeast Asia, while also committing to the International Space Station program until at least 2028. Future projects include the development of a Russian Orbital Station and new rocket designs, such as the Amur-LNG and Corona, although timelines for these initiatives remain uncertain. The focus is shifting towards collaboration with China, particularly in the creation of an International Lunar Station, as Russia seeks to redefine its role in global space exploration.

- Russia is on track for its lowest launch total since 1961.

- Financial losses due to Western sanctions have severely impacted Roscosmos.

- The Russian space industry is expected to remain unprofitable until 2025.

- Russia is pivoting towards new markets in Africa and Asia for space partnerships.

- Future projects include a Russian Orbital Station and new rocket designs, but timelines are uncertain.