corruption

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

corruption, Putin, roscosmos, russia, Space, vostochny / 9u50fv / November 6, 2025

The fall and rise of PSO Kazan

As minor as this dispute may seem, it’s remarkable that PSO Kazan is working on a spaceport in Russia at all.

PSO Kazan won the contract to build the launch site’s second pad, 1A for the Angara rocket, in December 2017. The pad was due to be completed in time for an Angara launch in 2021. The company is owned by a Russian billionaire from the city of Kazan, Ravil Ziganshin, previously known for building sports arenas in the Republic of Tatarstan on the other side of the country from Vostochny.

The adventure into spaceport construction did not go well. According to Russian Space Web, the contract for spaceport construction was not signed until October 2018. Months later, amid allegations of criminal activity and delays, Roscosmos moved to cancel the contract with PSO Kazan.

Other firms emerged as bidders on the contract to build the Angara launch pad, among them the Crocus Group. However, they and others later backed out, saying the Russian government was offering to pay far less money than it would actually cost to build the launch site.

“I said I was ready, but not for that amount of money,” Aras Agalarov, founder of the Crocus Group, explained in an interview at the time. “When they asked me, I said there were two pieces of news. The first was that the second phase of the cosmodrome could be built in two years. The second was that it couldn’t be built with the money allocated. If you increase the cost, you’ll get everything in two years. If not, I’m sorry.”

A toxic reputation?

And so Roscosmos—under the leadership of Dmitry Rogozin at the time—went crawling back to PSO Kazan to lead construction of the Angara launch pad.

“Independent observers were puzzled by the sudden about-face and wondered whether Roscosmos had such a toxic reputation in the construction business that it had failed to attract any other contender for the job and, as a result, the State Corporation had no choice but to keep the original contractor on the hook,” Russian Space Web concluded about the decision.

After years of delays and cost overruns, the Angara pad was eventually completed, with its first launch last November. There does not appear to be too much demand, however, as there has not yet been a second launch from the A1 pad since.

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Things aren’t looking good for infamous CEO of “health care terrorists”

Earlier this year, a Maltese magistrate concluded a four-year investigation into the matter and recommended that Ernst and de la Torre be charged with money laundering, criminal association, and corruption of public officials, including the nation’s former prime minister, Joseph Muscat, the Globe reports.

Meanwhile, new allegations of domestic dealings continue to come to light. In a separate investigative story Monday, the Globe reported that Steward executives used Steward-owned malpractice insurer TRACO “like a piggy bank.” The Panama-based TRACO was supposed to work like an independent insurer for the hospital chain; Steward would pay TRACO malpractice insurance premiums on behalf of its doctors and the pooled money would be used to litigate and pay out claims. But, instead of paying premiums, Steward gave TRACO IOUs. By the end of 2023, TRACO’s accounting records showed $99 million in outstanding loans, most owed by Steward, and $176 million in “accounts receivable,” also mostly owed by Steward.

With Steward now in bankruptcy, insurance coverage for health care providers is now in question, as are payouts to patients who were harmed by Steward’s care. The Globe noted the case of Yasmany Sosa, whose 35-year-old wife, Yanisey Rodriguez, died a preventable death after giving birth at Steward North Shore Medical Center in Florida in September 2022. Steward agreed to a $4 million settlement with Sosa in March, but the money hasn’t appeared, leaving Sosa in limbo and struggling.

“They killed my wife, that’s for starters. Second of all, they destroyed my family,” Sosa told the Globe through a translator. “This has all become a bunch of loopholes, legal strategies. This really is very difficult for me… I’ve already lost everything.”