Space and the Economy of the Cosmos in the Context of Russia’s Sustainable Development

Today, space is more closely intertwined with political and economic factors than ever before. This can be seen from the number of issues related to space exploration that have not been resolved for more than half a century. That is in spite of efforts made by the global community to come to meaningful international agreements. Space-related activities are undergoing a period of commercialization. As a result, the number of actors in the field is growing at an uncontrolled rate. This is giving rise to the serious issue of space congestion, involving satellites of various purposes. Sometimes, unregistered mega constellations of satellites have been placed in low Earth orbit – a space that is a limited resource. This is because the necessary legal framework providing equal access to space for all interested parties is not in place. This solution could guarantee security in relation to space. For many countries, it has become crucial to preserve and strengthen state sovereignty by taking steps across a number of areas. These include determining new areas of policy in relation to international cooperation in the space sector, fostering public-private partnerships in the field, putting special regimes in place to promote space related activity, and finding new legal solutions for the use of space technology in the interests of socioeconomic development. What needs to be done to ensure that space does not become an arena of military confrontation? How can the regionalization and nationalization of space-related regulation be prevented? What specific and feasible steps need to be taken to improve international space law? What recommendations should be developed and submitted to legislative and government bodies to improve the national legal framework governing space-related activity and management approaches in the field?