The Roscosmos State Corporation believes that after the bill is adopted,

Transform business strategies with advanced india database management solutions.
Post Reply
tanjimajuha20
Posts: 464
Joined: Thu Jan 02, 2025 7:52 am

The Roscosmos State Corporation believes that after the bill is adopted,

Post by tanjimajuha20 »

On May 28, 2024, the State Duma of the Russian Federation adopted in the first reading the draft federal law (FL) on attracting private investors to space activities. Bill No. 578594-8 was introduced to the State Duma by two members of the Federation Council: Senator from St. Petersburg Andrei Kutepov and Senator from Adygea Murat Khapsirokov. The law will create conditions for attracting business to the space industry within the framework of a public-private partnership (PPP).

"The need to adopt the bill france whatsapp number database is due to the need to develop entrepreneurial space activities in the Russian Federation, create favorable conditions for attracting private investment in the development of the Russian space industry, increase the competitiveness of private Russian space enterprises in the world market, and develop Russian space technologies," the authors of the bill reported in the explanatory note. Andrei Kutepov also noted that the document introduced the concept of "space objects" for the first time, and also enshrined the principle of encouraging the attraction of extra-budgetary funds to space activities and the protection by the state of the rights and legitimate interests of private business in space activities.

business interest in projects aimed at expanding the satellite constellation will increase. The Roscosmos press service reported that it is working with interested ministries to create additional preferences for private capital - tax breaks and cheap bank loans.


The commercial space market in Russia is still weak due to a number of reasons. Among the obstacles to the development of private rocket and space business, industry players cite underfunding, overregulation of the industry, lack of support from state institutions and a shortage of personnel. However, they admit that if they had to start a business all over again, their choice would again fall on space. This means that the private space business in Russia still has a passion and, most likely, a future. After all, the main thing in any aspiration is desire: then all difficulties can be overcome.

Roscosmos has previously advocated for the unification of the state and the private sector in matters of industry development. However, in the past, several promising private projects in Russia have closed, in particular due to lawsuits against them by Roscosmos or lack of funding from the state.

For example, the private Russian space company Dauria Aerospace existed from 2011 to 2018. It collaborated with Roscosmos, fulfilling a state order for the production of two CubeSat satellites and a universal placement and separation vehicle (launch containers). In 2017, Dauria Aerospace delivered both satellites under the contract, but after they were launched into orbit, it was not possible to establish contact with them. Due to the failure to meet the contract deadlines and the failure of the satellites, Roscosmos filed a lawsuit in the Moscow Arbitration Court, demanding that the contract be terminated and that Dauria Aerospace be ordered to pay a penalty of 274.1 million rubles. The defendant had to go through bankruptcy proceedings.

Another example is KosmoKurs LLC. The company, which was involved in the development of space tourism, existed from 2014 to 2021. In 2020, it lost a tender for the right to create a rocket with a returnable first stage (a reusable spacecraft). In April 2021, KosmoKurs announced its liquidation. According to the company's former CEO Pavel Pushkin, the company closed due to "insurmountable difficulties in coordinating the requirements for the cosmodrome project with local authorities", as well as the inability to obtain all the necessary documents from the Russian Ministry of Defense for the design of a suborbital rocket.

Now, private Russian space companies, including the largest ones - OOO Bureau 1440 and JSC SR Space, will be protected at the legislative level if the bill is adopted.

Read also
Post Reply