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Vostochny Spaceport Faces Power Cut Amid Debt Crisis

11/7/2025

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Summary

Story summary

Russia's Vostochny spaceport project, started in 2011, has encountered challenges such as corruption and unpaid workers.
The primary contractor, PSO Kazan, owes $627,000 in unpaid electricity bills, prompting the Far Eastern Energy Company to cut off power and consider bankruptcy proceedings.
Despite launching rockets in 2016 and 2024, PSO Kazan's promise to settle its debt by the end of November is met with skepticism.

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Story summary

Russia's Vostochny spaceport project, started in 2011, has encountered challenges such as corruption and unpaid workers.
The primary contractor, PSO Kazan, owes $627,000 in unpaid electricity bills, prompting the Far Eastern Energy Company to cut off power and consider bankruptcy proceedings.
Despite launching rockets in 2016 and 2024, PSO Kazan's promise to settle its debt by the end of November is met with skepticism.