Developers of Russia's GPS rival program, the GLONASS navigation system, have been left without state funding. This comes after the program’s directors failed to submit the documents needed to allocate government money on time. At first, the funding program was to be implemented by December 31, 2011, with the government approving a $10 billion draft back in autumn. But when the Ministry of Economic Development asked the GLONASS team to present a detailed report of the expenses they were planning to cover, the specialists were unable to pull through. Now they will have to seek private sources to fund the project. Read More

< Prev		Next >