Russian manufacturer of microsatellites decided to close its representative offices in EU and USA

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Russian private company Dauria Aerospace, which specializes in development and production of small spacecraft, is going to close its representative offices in foreign countries, TASS reports with reference to the Dauria Aerospace President Mikhail Kokorich.

“At present we are focusing on Russian market and export potential of space systems manufactured by Russian branch of Dauria Aerospace. European and US branches are preparing to cease their activities,” he said.

According to him, this is caused by difficult political and economic situation, which affects the Russian company and its ability to raise funds.

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