Moscow tightens grip on Russian shipping as Fesco is transferred to Rosatom
Fesco has been in limbo since its former chief was imprisoned following one of the highest-profile prosecutions of a Russian tycoon in years. It now finds itself part of Putin’s shift eastwards in response to Western sanctions over the war in Ukraine
Moscow has been hoovering up assets and partners to accelerate northern sea route plans and bolster east coast trade for time — it now has now added Fesco, one of the largest transport groups in Russia and operator of the strategically significant port of Vladivostok to the mix
