 |  Russia Expected to Spend $12B on GLONASS Development
 18 February 2012
Russia may spend 346.5 billion rubles (almost $12 billion in US dollars) on its GLONASS satellite navigation system in 2012-2020, according to a report in Ria Novosti. Government sources told Kommersant space agency Roscosmos and the economics ministry had agreed on a draft development programme for the GLONASS project, and it had already been submitted for government’s approval in late January.
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