Russia has stopped development of the Proton M rocket.

Russia had indicated a month ago that they were giving up on commercial space launch. Russia cannot compete with SpaceX or China in launch costs.

Angara rocket still going forward

Above is a picture of the Russian Angara rocket

The Russian Angara rocket will be able to replace Protons no earlier than 2024. Angara is a family of Russia-designed space rockets of different classes, from light to heavy, created as a substitute for the Proton-M and the Rokot vehicles. The new generation rocket uses environmentally clean propellant components. Angara has only had two launches, both from the northern space site Plesetsk. A light Angara-1.2PP blasted off in July 2014, and heavy Angara-A5, in December 2014.