New space race: Putin unveils $50 billion drive for Russian supremacy

“President Vladimir Putin on Friday unveiled a new $50 billion drive for Russia to preserve its status as a top space power, including the construction of a brand new cosmodrome from where humans will fly to space by the end of the decade.  Fifty-two years to the day since Yuri Gagarin became the Soviet Union’s greatest hero by making the first human flight into space, Putin inspected the new Vostochny (Eastern) cosmodrome Russia is building in the Amur region of the Far East.  Putin said that Russia hoped to have the first launches from Vostochny in 2015 and the first manned launches in 2018.”

http://www.rawstory.com/rs/2013/04/12/new-space-race-putin-unveils-50-billion-drive-for-russian-supremacy/

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