Port News & Information Mediterranean, Black & Caspian Seas

25.5% of Astrakhan port given to Russia’s military behemoth Rostec

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Astrakhan, Russia (Ports Europe) February 9, 2024 – Russia continues to reorient its economy towards a war footing. The latest move is to transfer a state-owned 25.5% stake in the strategic Caspian Sea Astrakhan Port to Rostec, also state-owned. The move aims to increase and grow mutual trade with Iran. Most of this trade will…

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