An anonymous reader sends news that Russian President Vladimir Putin unveiled today a new $50 billion effort to maintain and extend the country's space capabilities. Part of this initiative is a new spaceport located in Russia, which will lead to the first manned launches from Russian soil in 2018. Manned launches currently originate from the Baikonur Cosmodrome in Kazakhstan. "The Russian space programme has been hurt in recent years by a string of launch failures of unmanned probes and satellites, but Putin vowed Moscow would continue to ramp up spending. He said that from 2013-2020, Russia would be spending 1.6 trillion rubles ($51.8 billion, 38 million euros) on its space sector, a growth far greater than any other space power. 'Developing our potential in space will be one of the priorities of state policy,' Putin said at a meeting in the regional capital Blagoveshchensk. ... speaking to Canadian spaceman Chris Hadfield, currently commander of the ISS, Putin hailed cooperation in space which meant world powers could forget about the problems of international relations and think 'about the future of mankind.'"