The concept of “space object” is introduced. Roscosmos will be able to conclude concession agreements and PPP agreements on behalf of the Russian Federation in relation to space infrastructure facilities.

The law should attract investments in the development of the Russian space industry and reduce the burden on the budget. This is important for ensuring the country’s defense capability and the development of all industries, said the head of Roscosmos, Yuri Borisov. In the near future, we will receive dividends from the law by increasing our space grouping and the volume of space services provided, he noted.

The head of the Federation Council, Valentina Matvienko, stressed that the law developed by the senators is in line with world practice in attracting private investment in the space industry.

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