The Kremlin said on Thursday that it had named a new head of Russia's space agency to ensure its ability to develop "dymanically" but rejected the suggestion that his fired predecessor had done anything wrong.

The Kremlin on Thursday removed the head of Russia's space agency after a tenure of less than three years that was scarred by the spectacular failure of Russia's first mission to the moon in 47 years.

In a surprise move, Russian President Vladimir Putin has dismissed Yury Borisov as head of the Russian space agency, Roscosmos. According to a decree published on Thursday on the Kremlin's website, Dmitry Bakanov has been appointed as the new director general of Roscosmos.

The Kremlin dismissed the head of Russia's space agency on Thursday after a tenure of less than three years scarred by the spectacular failure of Russia's first mission to the moon in 47 years. In a statement,

Russian President Vladimir Putin dismissed the chief of Roscosmos and replaced him with another official in a surprise shake up at one of the world’s biggest space agencies.

Russian President Vladimir Putin dismissed Yury Borisov as CEO of the state space corporation Roscosmos, the Kremlin's official website announced on Feb. 6. Borisov's removal allegedly stems from uncertainty over the costs and implementation of the National Space Center project in Moscow,