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Russian Space Agency Scales Back Plans as Crisis Shrinks Budget

Russia will spend 30 percent less on its space program in the next decade and scale back a slew of projects to save money in the face of tanking oil prices and a falling ruble, a plan presented by the country's space agency showed on Wednesday, According to the blueprint, presented to Russian media by Igor Komarov, head of space agency Roscosmos, the space program budget for 2016-2025 will be cut to 1.4 trillion rubles ($17.36 billion), down from 2 trillion rubles. That means plans...

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