After Russian spaceport firm fails to pay bills, electric company turns the lights off

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After Russian spaceport firm fails to pay bills, electric company turns the lights off

One of Russia’s most important projects over the last 15 years has been the construction of the Vostochny spaceport as the country seeks to fly its rockets from native soil and modernize its launch operations.

However, the initiative has been a fiasco from the start. After construction began in 2011, the project was beset by hunger strikes, claims of unpaid workers, and the theft of $126 million. Additionally, a man driving a diamond-encrusted…



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After Russian spaceport firm fails to pay bills, electric company turns the lights off



After Russian spaceport firm fails to pay bills, electric company turns the lights off

One of Russia’s most important projects over the last 15 years has been the construction of the Vostochny spaceport as the country seeks to fly its rockets from native soil and modernize its launch operations.

However, the initiative has been a fiasco from the start. After construction began in 2011, the project was beset by hunger strikes, claims of unpaid workers, and the theft of $126 million. Additionally, a man driving a diamond-encrusted…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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