Ziyavudin Magomedov files US$13.8B claim

The Kremlin has passed the shares confiscated from FESCO Transportation Group’s private owners to the Rosatom State Nuclear Energy Corporation, which is in charge of developing the NEA trans-Arctic corridor; FESCO’s raft of agreements with Chinese transport and logistics companies

Jailed Russian businessman Ziyavudin Magomedov has scored a legal victory in his fight to prevent his business empire being taken over

Moscow’s Khamovniki District Court has complied with a lawsuit brought by Russia’s Deputy Prosecutor General Igor Tkachev against the shareholders of the Far-Eastern Shipping Company (FESCO), the parent company of FESCO Transportation Group

Russia’s FESCO Transportation Group is planning to connect the country’s Black Sea port of Novorossiysk with Egypt’s Alexandria, aimed at importing food and agricultural products; the company has major expansion plans

The Arbitration Court of Moscow has refused to secure a claim of Russia’s Far Eastern Shipping Co against Ziyavudin Magomedov, its former principal shareholder, who was arrested back in March 2018 and has been in custody ever since

RZD Russian Railways, Japan’s Ministry of Land, Infrastructure, Transport and Tourism of Japan and FESCO Transportation Group have dispatched the first train load of refrigerated containers with cargo from Japan to Europe via the Trans-Siberian Railway