In Brief
Russia's federal space agency, Roscosmos, has been dissolved by the country's president, Vladimir Putin. The organization will be restructured and will function as a state-run corporation starting in January 2016.

Roscosmos, Russia’s federal space agency, is no more. The country’s president, Vladimir Putin, brought the organization to a close. However, in some respects, it is not really gone for good. It it set to be reborn along with the birth of the New Year.

Ultimately, Roscosmos will start up again as a state-run corporation on January 1st of 2016 (just a few days away). Of course, this means that the space agency will operate with a stricter level of government oversight, but beyond that simple assertion, it is unclear what this change means.

The Russian government will “ensure the continuity of transfer of the powers and functions of the abolished federal space agency to the state corporation for space activities,” the Kremlin said in a statement that was released Monday. The announcement was also sent out on the official Twitter account.