Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (6441)	8/12/1999 11:21:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

Russia pays Kazakstan for leasing Baikonur Cosmodrome FLORIDA TODAY Space Online "Planet Earth's best source for online space news" Aug. 12, 1999 Copyright ¸ 1999, The Associated Press. All rights reserved. This material may not be published, broadcast or re-distributed directly or re-directly. ALMATY, Kazakstan (AP) - Following years of dispute, Russia has delivered its first cash payment of $12.5 million to the former Soviet republic of Kazakstan for leasing its Baikonur Cosmodrome, officials said Wednesday. Kazak Finance Minister Uraz Dzhandosov said the payment, the first installment of an annual $115 million bill, had been transferred ahead of schedule. Russia plans to pay $50 million of the bill in cash and the rest in commodities, Dzhandosov said at a news conference broadcast on television. Kazakstan inherited the Soviet-built Baikonur cosmodrome after the 1991 collapse of the Soviet Union, and has allowed Russia to continue using it for its manned space program and international satellite launches. Russia has its own launch site, the Plesetsk cosmodrome, about 300 miles below the Arctic Circle in northwestern Russia. But Plesetsk has a serious drawback -- because of its northern location, spacecraft launched from there can carry less cargo than they can from Baikonur. Use of this site signifies your agreement to the Terms of Service updated February 1998. Please e-mail comments or questions about this page to Space Online Editor Mark DeCotis. Contact Space Online Manager Jim Banke to inquire about becoming a sponsor. This World Wide Web site is copyright ¸ 1999 FLORIDA TODAY.