Chairman of the Board of Directors of JSC Ust-Luga Company Valery Izraylit was arrested in St.Petersburg, Russia on December 29, 2016, writes Russian business newspaper Vedomosti. He is charged with embezzlement of RUR 1.5 bln (USD 25.3) allocated for the development of Ust-Luga Commercial Sea Port. He is suspected of withdrawing the funds to offshore […]
Month: January 2017
Sabetta grows. The unique Arctic project.
The number of vessel calls at the Arctic port of Sabetta (Russia) has grown more than twice in 2016, reports PortNews. The local customs officials registered 120 arrivals and 100 departures of sea vessels, while in 2015 these were 50 and 59 respectively. The ships deliver mostly construction materials, crushed stone, cement, components and equipment […]