Support The Moscow Times!

Golden Shares in Ports

Prime Minister Vladimir Putin granted the state “golden shares” in the Novorossiisk and Murmansk commercial ports, ensuring its right to participate in management after selling stakes, according to the government’s web site.

The shares will let the government veto some strategic decisions made by shareholders after the state sells 20 percent of the Novorossiisk port and 25 percent of the Murmansk port as early as this year, Vedomosti reported Tuesday. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.