Iran Eyes Full Control of Strategic Russian Port on Caspian Sea

Iran firm moves to acquire Russia’s Astrakhan Port

Nasim Bahr Kish, who controls a majority stake in Russia’s Astrakhan Port, has submitted a proposal to acquire the remaining shares.

Iran seeks full control of Russian Caspian Sea terminal

An Iranian firm is seeking full ownership of a key terminal at Russia’s Astrakhan port on the Caspian Sea, a development regarded as one of the strongest signs that Moscow and Tehran are deepening economic and strategic ties. The news confirms reports that there is growing cooperation on the International North-South Transport Corridor (INSTC) a multimodal supply chain route

Iran seeks to take over Russia’s Astrakhan port

Iranian logistics and shipping firm Nasim Bahr Kish has submitted a formal bid to acquire full ownership of Russia’s Astrakhan port, including a 25% stake currently held by the Russian state. The proposed RBL437.5m ($5.6m) deal would give the Tehran-based firm complete control over one of the Caspian Sea’s most critical transhipment terminals, as Iran …

Iran Eyes Full Control of Strategic Russian Port on Caspian Sea

An Iranian company is seeking to become the sole owner of a key terminal at Russia’s Caspian Sea port in Astrakhan, which has traditionally served as a route for grain exports to Iran. According to Reuters, citing a statement by the company operating the terminal, Iran’s Nasim Bahr Kish already holds a majority stake in the publicly traded Astrakhan Port—53.66% of common shares and 51.29% of preferred shares. It has now submitted an offer to acq…