AIRLINK 71.10 Decreased By ▼ -1.96 (-2.68%)
BOP 4.96 Decreased By ▼ -0.13 (-2.55%)
CNERGY 4.33 Decreased By ▼ -0.04 (-0.92%)
DFML 32.15 Decreased By ▼ -0.30 (-0.92%)
DGKC 77.51 Increased By ▲ 2.02 (2.68%)
FCCL 19.85 Increased By ▲ 0.33 (1.69%)
FFBL 35.30 Decreased By ▼ -0.85 (-2.35%)
FFL 9.17 Decreased By ▼ -0.05 (-0.54%)
GGL 9.94 Increased By ▲ 0.09 (0.91%)
HBL 113.50 Decreased By ▼ -3.20 (-2.74%)
HUBC 133.01 Increased By ▲ 0.32 (0.24%)
HUMNL 7.01 Decreased By ▼ -0.09 (-1.27%)
KEL 4.39 Decreased By ▼ -0.02 (-0.45%)
KOSM 4.35 Decreased By ▼ -0.05 (-1.14%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 134.74 Increased By ▲ 1.24 (0.93%)
PAEL 22.65 Increased By ▲ 0.05 (0.22%)
PIAA 25.15 Decreased By ▼ -0.86 (-3.31%)
PIBTL 6.51 Decreased By ▼ -0.04 (-0.61%)
PPL 118.04 Increased By ▲ 2.73 (2.37%)
PRL 26.50 Decreased By ▼ -0.13 (-0.49%)
PTC 13.87 Decreased By ▼ -0.23 (-1.63%)
SEARL 52.65 Decreased By ▼ -0.80 (-1.5%)
SNGP 67.80 Increased By ▲ 0.55 (0.82%)
SSGC 10.57 Decreased By ▼ -0.13 (-1.21%)
TELE 8.55 Increased By ▲ 0.13 (1.54%)
TPLP 10.93 Increased By ▲ 0.18 (1.67%)
TRG 62.53 Decreased By ▼ -1.34 (-2.1%)
UNITY 25.19 Increased By ▲ 0.07 (0.28%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,458 Decreased By -3.3 (-0.04%)
BR30 24,175 Increased By 3.4 (0.01%)
KSE100 71,203 Increased By 100.3 (0.14%)
KSE30 23,432 Increased By 37.1 (0.16%)

LONDON: Global satellite communications company OnWeb announced on Thursday that its board had voted to suspend all launches from Russia’s Baikonur Cosmodrome in Kazakhstan.

Russia’s space agency Roscosmos has sought guarantees from OneWeb and Europe’s Arianespace that satellites it plans to launch this year will not be used for military purposes.

It also demanded the UK government give up its stake in OneWeb because of what it said was London’s “hostile position on Russia”.

But UK Business Secretary Kwasi Kwarteng late Wednesday said the government was not selling its share and on Thursday welcomed the company’s suspension of launches.

“The UK Government supports OneWeb’s decision,” he wrote on Twitter.

“In light of Russia’s illegal and unprovoked invasion of Ukraine, we are reviewing our participation in all further projects involving Russian collaboration.”

Roscosmos imposed a deadline for 1830 GMT on Friday for OneWeb to provide “exhaustive legally binding guarantees”.

Otherwise, it added, a planned launch of a Soyuz with 36 satellites on Saturday would be cancelled.

OneWeb has been working to complete the construction of a constellation of low earth orbit satellites to provide enhanced broadband and other services around the globe.

Comments

Comments are closed.