President Zelensky signs law regulating space activities

"The law creates conditions for developing the domestic space industry, enhancing its investment attractiveness, creating a competitive environment for space entities of different forms of ownership. The document stipulates that enterprises, institutions and organizations of any form of ownership and legal organizational form can be subjects of space activities,” reads the report.

In general, the law defines the basic principles of space activities in Ukraine, in particular: state support for the commercialization of space activities and attraction of investments in the space industry of Ukraine; the ability to freely explore and use space for citizens and legal entities, including the use of outer space and the resources contained therein; the evolutionary development and consistency of public policy reform in the field of space exploration and use; effective use of the scientific and technical potential of Ukraine, the opportunities provided by space activities, in the interests of the national economy, science, state security and for commercial purposes; promoting international cooperation, preserving and developing existing international communications in the space industry, considering national interests.

The implementation of the law will help maintain the scientific and technological potential of the Ukrainian space industry and attract private capital to the latest technological developments.

This law will enter into force three months after its publication.

iy