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International

Russia's Progress M-28M spacecraft insured for $29.8 million

July 07, 2015 Reprints

Russia-based Sogaz Insurance Group and Ingosstrakh Insurance Co. insured the launch and docking of spacecraft Progress M-28M at 1.67 billion Russian rubles ($29.8 million), AK&M reported.

The Soyuz-U rocket with Progress M-28M was successfully launched on July 3.

Progress M-28M and carrier rocket have been insured in the event of total loss in case of emergency start.

The spacecraft had also been covered in event of destruction during docking with the International Space Station.

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Russia's Progress M-28M spacecraft insured for $29.8 million

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