In 1996, foreign investments in the Russian space industry accounted for nearly 40 percent of all funds invested, and the general director of the Russian Space Agency, Yuri Koptev, said he expected $600 million in foreign money next year. He said that the industry would need 5.1 trillion rubles ($935 million) from the state just to operate at a "subsistence level." Without this support Russia would not be able to participate in international space projects. (Interfax, December 18)
Western Donors Pledge Support for Ukrainian Reforms.