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Russian steel magnate sells shipping firm operating in Sea of Azov
Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to agricultural logistics group Demetra, four industry sources told Reuters, adding that the deal was negotiated before Ukrainian drone attacks on commercial vessels led to shipping restrictions in the area. Volga Shipping, which operates small bulk carriers similar to those targeted by Ukraine, carries grain, metals and coal from the Volga and Don rivers to the Sea of Azov and the Black Sea. Its annual cargo volume exceeds 15 million metric tons. Demetra, Volga Shipping and Lisin’s steel company NLMK did not respond to ... (full story)
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