"In the far-from-easy post-crisis conditions we are increasing the volume of funding for our space programs," he said.

Putin said Russia would develop a whole range of new capabilities over the next five years.

"We need new-generation space equipment, featuring greater reliability and service life," he said.

This requires a "deep modernization" of space industry enterprises, as well as significant investment in R and D programs, the prime minister said.

Putin directed the Russian space agency Roscosmos, in conjunction with the Russian Academy of Sciences, to draw up long-term space research plans by this August.

Source: RIA Novosti

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