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. Last Updated: 07/27/2016

Baikonur Rent Paid

MOSCOW -- Russia paid in full for rent on the Baikonur rocket launch pad in Kazakhstan for the first quarter of this year, a top Kazakh official was quoted as saying by Interfax.

Russia paid one-quarter of the total annual rent of $115 million by the first quarter of 2000, Kazakh Energy and Trade Minister Vladimir Shkolnik told Interfax.

Future payments will be made every quarter, he said, though the ratio of cash and barter payments hasn't been resolved.