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Running from competition: The Russian space agency Roskosmos has decided not to spend the money necessary to buy Sea Launch and make it part of its consolidated United Rocket and Space Corporation (URSC).
Part of the reason the Russians are abandoning Sea Launch is that the rocket the ocean-going platform uses is the Ukrainian-built Zenit rocket, and Russia wants URSC to a wholly Russian operation. Rather than partner with Ukraine for profit, they will let the business die.