Russia seeks business involvement in space projects - Mikhustin

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Russia needs to create additional incentives and attractive conditions to attract businesses to resource-intensive space projects and stimulate innovation, Prime Minister Mikhail Mishustin said during a strategic session on the development of the national space industry.

Mishustin noted that the space sector is one of the key drivers of technological development in the country, and the government supports business participation in space projects. For example, it helps technology companies obtain launch services at affordable prices.

According to Mishustin, by the end of the year, two private satellites will be launched for the first time from the Vostochny Cosmodrome (a new Russian spaceport in the Far East) with state support. This practice is planned to be expanded and new support measures for such companies will be introduced.

He emphasized that particular attention should be paid to building a market model for providing Earth remote sensing data. For instance, high-resolution satellite images can now be provided on a commercial basis, which opens up broad investment opportunities in this area.