Medvedev ordered the creation of JSC "GLONASS"

Prime Minister of Russia Dmitry Medvedev signed a decree on the creation of the open joint-stock company GLONASS. The relevant document is posted on the government website . It notes that 100 percent of GLONASS shares are in federal ownership. The size of the authorized capital of the joint-stock company is 100 million rubles. The authorized capital is made up of 100 thousand registered ordinary shares with a nominal value of 1000 rubles each.

The development strategy of the company must be approved before March 30, 2015. The main activities of the company will be to ensure prompt receipt of information on road traffic and other incidents on the roads, its processing, storage and transmission to emergency operational services, as well as the creation of new civil technologies using global navigation satellite system GLONASS.

The same document mentions the commissioning of ERA GLONASS , an emergency response system for accidents based on the European standard eCall / E112. This is a satellite monitoring of transport (passenger and freight), designed to automatically alert emergency services in case of accidents and other emergency situations. From January 1, 2015, vehicles that are undergoing type approval for compliance with the requirements of technical regulations for the first time must participate in the system, and from 2017, all vehicles released into circulation in the countries of the Customs Union should be included in this system. The cost of onboard equipment is about 3 thousand rubles. The subscription fee for using the system will not be charged.
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In July 2014, Russian President Vladimir Putin instructed the government to develop and approve a roadmap for the creation of GLONASS OJSC with 100% state participation. Deputy Prime Minister Dmitry Rogozin stated in September that this is the first step in the commercialization of space services. "It is high time to learn how to extract profits from the country's space (in the direct and figurative sense) capabilities," he noted.