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French space launch company Arianespace signed the contract with Roscosmos, the company said Friday.
The order was announced following the successful launch of a new Earth observation satellite aboard a Soyuz, which lifted off from French Guiana in South America.
The Russian-built rockets have been sending satellites into space for several years as part of a 2003 agreement between Russia and France.
Arianespace said the new order will allow it to fulfill private and governmental orders through 2018. Moscow hopes this will help to restore confidence in its once-pioneering space programme.
NASA announced Wednesday it will suspend certain contacts with Russia amid tensions over Ukraine, but said collaboration on the International Space Station, a $100 billion research complex orbiting 240 miles above Earth, will continue.
Astronauts of the two countries are currently living and working together in the orbiting outpost.
Even though it is a major player in the industry, Russia holds less than 10 per cent of the multi-billion dollar global space market.