Vladimir Putin has signed a decree on dissolving the country's Federal Space Agency in line with the creation of Roscosmos state corporation.

Russian President Vladimir Putin has signed a decree on dissolving the country's Federal Space Agency in line with the creation of Roscosmos state corporation, the Kremlin press service said Monday.

The agency will be dissolved in accordance with a federal law of July 13, 2015, according to the presidential decree, published on Kremlin's official website.

The decree comes into force on January 1, 2016.

Under the decree, the Russian government is due to ensure the continuity of the agency's functioning.

In accordance with the law, in the near future the government should carry out liquidation procedures, as well as provide the agency's employees with legal guarantees and compensation.