The Russian authorities are preparing for the privatization of the state’s stake in one of the country’s largest port operators, in an attempt to find additional resources for the federal budget, whose deficit has reached nearly 6 trillion rubles in the period from January to April.
Following the Aeroflot share package, the sale of which was recently announced by the authorities for state property administration, 20% of the shares of Novorossiysk Commercial Sea Port were also included in the privatization plan.
According to Interfax, the order was signed on May 23 by Prime Minister Mihail Mishustin.
The entire state package is set to be put up for sale in the period 2026–2028. The holding includes two major oil ports that together account for nearly half of Russia’s oil exports: the Novorossiisk port on the Black Sea, with a capacity of about 500,000 barrels per day, and the Primorsk port on the Baltic Sea, with a capacity of about one million barrels per day. The Baltiisk port in the Kaliningrad region is also part of the group.
Last year, the company reported revenues of 76.5 billion rubles (approximately 830 million euros) and a net profit of 40.6 billion rubles (approximately 440 million euros).
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