Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Russia signals space station pullout; NASA says it’s not official yet

Published : , on

By Joey Roulette

WASHINGTON (Reuters) – Russia’s new space chief said on Tuesday his country plans to withdraw from the International Space Station after 2024, though a senior NASA official said Moscow has not communicated its intent to pull out of the two-decade-old orbital partnership with the United States.

While heightened tensions between Moscow and Washington over Russia’s invasion of Ukraine for months have raised doubts about future American-Russian space cooperation, the announcement by Yuri Borisov, the newly appointed director-general of Russia’s space agency Roscosmos, came as a surprise.

The two former Cold War adversaries signed a crew exchange agreement less than two weeks ago allowing U.S. astronauts and Russian cosmonauts to share flights on each other’s spacecraft to and from International Space Station (ISS) in the future.

The U.S. space agency has said it plans to keep the ISS in operation through 2030.

“Of course, we will fulfill all our obligations to our partners, but the decision about withdrawing from the station after 2024 has been made,” Borisov told Russian President Vladimir Putin on Tuesday.

Robyn Gatens, NASA’s ISS director, said her Russian counterparts have not communicated any such intent as required by the intergovernmental agreement on the orbiting research platform.

“Nothing official yet,” Gatens said in an interview at an ISS conference in Washington. “We literally just saw that as well. We haven’t gotten anything official.”

U.S. State Department spokesperson Ned Price also said Russia’s announcement was unexpected, calling it an “unfortunate development.”

Launched in 1998, the ISS has been continuously occupied since November 2000 while operated by an American-Russian-led partnership that also includes Canada, Japan and 11 European countries.

The space station was born in part from a foreign policy initiative to improve American-Russian relations following the collapse of the Soviet Union and the Cold War hostility that spurred the original U.S.-Soviet space race.

The ISS arrangement, which has endured numerous strains over the years, has stood as one of the last links of civil cooperation as Russia’s Feb. 24 invasion of Ukraine sent relations between Washington and Moscow to a new post-Cold War low.

NASA and Roscosmos had been in talks to extend Russia’s ISS participation to 2030. The White House this year approved NASA’s plans to continue running the ISS until then.

NASA officials had previously said bilateral cooperation aboard the space station remained intact.

Borisov’s remarks on Tuesday followed a pattern similar to those of his predecessor, Dmitry Rogozin, who during his tenure would occasionally signal an intent to withdraw from the ISS – in contrast with official talks between NASA and Roscosmos.

Asked for clarification on Russia’s space station plans, a Roscosmos spokeswoman referred Reuters to Borisov’s remarks without saying whether it represented the agency’s official position.

NASA has called Russia crucial to keeping the space station running, stressing the technical interdependence of the American and Russian segments of the ISS.

For example, while U.S. gyroscopes provide day-to-day control over ISS orientation in space and U.S. solar arrays augment power supplies to the Russian module, the Russian unit provides the propulsion used to keep the station in orbit.

The station, spanning the size of a football field, orbits some 250 miles (400 km) above Earth.

Former Russian space chief Rogozin had previously said that Russia could not agree to extend its ISS role beyond 2024 unless the United States lifts sanctions on two Russian companies blacklisted for suspected military ties. Putin removed Rogozin as space chief on July 15, replacing him with Borisov, a former deputy prime minister and deputy defense minister.

(Reporting by Joey Roulette in Washington; Additional reporting by David Brunnstrom in Washington and Steve Gorman in Los Angeles; Editing by Will Dunham, Mark Porter and Jonathan Oatis)

Jesse Pitts has been with the Global Banking & Finance Review since 2016, serving in various capacities, including Graphic Designer, Content Publisher, and Editorial Assistant. As the sole graphic designer for the company, Jesse plays a crucial role in shaping the visual identity of Global Banking & Finance Review. Additionally, Jesse manages the publishing of content across multiple platforms, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post