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The competition heats up: Russian officials are considering developing a new variant of the Proton rocket that would cost less to launch and thus make the rocket more desirable in the increasingly competitive launch market.
They have not made a decision yet. As the article notes,
[G]iven the extended length of time required for even less radical upgrades of Proton and the official Russian strategy to phase out the vehicle in favor of Angara-5, it is unclear whether it would be possible to justify the Proton-Light development effort. A number of previous proposals to change the shape and size of the Proton-M rocket were deemed too expensive more than a decade earlier in the rocket’s operational career.