A few hours ago the launch of the Express-AM4R (or Ekspress-AM4R) satellite, the most sophisticated Russian telecommunications satellite, has failed due to a malfunction of the third stage of a Proton-M rocket when it was at about 150 km (about 93 miles) altitude. The separation of the satellite from the third stage didn’t take place so they fell down and were destroyed. The value of the satellite was about 145 million Euros (about $200 millions).