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© Icebreaker 50 Let Pobedy/Rosatom

Rosatom takes over FESCO to create a shipping corridor along Northern Sea Route

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Moscow, Russia (Ports Europe) November 14, 2023 – Desperate times for Russia lead to desperate measures. Under pressure from Western sanctions, Russian President Vladimir Putin has issued a decree to transfer state-held shares in Far Eastern Shipping Company (FESCO), the flagship company of FESCO Transportation Group, to the giant state-owned nuclear corporation Rosatom. In effect,…

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