Russia’s Government Commission on Monitoring Foreign Investment has supported Kazakh businessman Timur Kulibayev applying for taking control over the activities of OOO Port Vysotsky.
According to the transcript of the briefing which followed the meeting of the Commission, Igor Artemyev, head of the Federal Antimonopoly Service, said:
"The application supported by the Government Commission concerns Kazakhstan citizen Timur Kulibayev who had decided to acquire the Vysotsk port from Russian shareholders. The port is located 50 km away from the Russian-Finland border and 90 km from St. Petersburg. He will gain control over this port. That will be a continuation of work in the Customs Union. The Kazakh businessman is getting sound assets in the Baltic region, and we are all glad about this".
As representatives of the stevedoring market in the Baltic basin told IAA PortNews, that means obtaining of control over OOO Port Vysotsky.
Port Vysotsky (Port of Vysotsk, Leningrad Region of Russia) specializes in transshipment of Russian coal to the Western Europe. The port’s water area and the approach canal are 12.7 meters deep with the width of the canal totaling 200 metres. In 2017, the port Vysotsk handled 17,551,000 tonnes of cargo (+3%, year-on-year).
Timur Kulibayev is a Kazakh businessman, Head of Presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken”, President of the Kazakh National Olympic Committee, Chairman of Kazakhstan Association of Oil-Gas and Energy Sector Organizations “Kazenergy”.