A Soyuz rocket took off with the Egyptsat-A satellite at 1647 GMT from the Baikonur cosmodrome in Kazakhstan,
The satellite will take high-definition images of the Earth's surface, Roskosmos said in a statement.
"The satellite has been placed in orbit, all is working well," space agency spokesman Vladimir Ostimenko said, according to the Russian RIA Novosti news agency.
In October a Soyuz rocket carrying a Russian and US astronaut failed just minutes after blast-off, forcing the pair to make an emergency landing.
A successful manned flight was launched in December, taking Russian cosmonaut Oleg Kononenko, Anne McClain of NASA and David Saint-Jacques of the Canadian Space Agency off for a six-and-a-half month mission on the International Space Station.
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