In the first half of 2016, the enterprises of Russia's Federal Space Agency (ROSCOSMOS) earned a profit of RUB 6.5 billion, Igor Komarov, the head of ROSCOSMOS, said at a meeting with Russian President Vladimir Putin.

"Our companies have reported a profit of 6.5 billion rubles in the first six months of the year and are on schedule under the Federal Space Programme. We are addressing and settling our problems gradually," the official said.

In 2015, ROSCOSMOS accounted for over one-third of all space launches worldwide, Komarov emphasized.

"At the same time, we signed a record-breaking number of contracts last year: 31 contracts, including 21 for Soyuz launch vehicles with OneWeb Co. We have also made major headway on Proton launch vehicles. We have signed a contract for ten launches for the first time in the past three or four years. The rockets will lift off in 2018–2019, but they will provide the company with work in the future, and this is very important," the head of ROSCOSMOS said.