The Parliament of Ukraine adopted a draft law 1071 on promoting space activities and attracting investments in the space industry in the second reading.
This means that private companies will be able to join the development of the Ukrainian space industry. Prior to that, only state-owned companies were allowed to engage in aerospace development.
At the same time, the State Space Agency of Ukraine still controls potentially dangerous activities such as rocket launching and testing as well as spacecraft control and recovery.
The draft law takes into account international requirements and world best practices. For example, the document contains the following innovations after the second reading:
The draft law is just one step towards open space in Ukraine. Before meeting with the SSAU, companies should go through a number of procedures: authorization for airspace use, environmental expertise, certification and export control. However, the draft law 1071 eliminated corruption risks in dealing with the Agency.
The changes introduced by the draft law will allow Ukraine to secure its role in the global space sector, attract investments and create additional jobs.