Putin approves transfer of state-owned shares in shipping company to Rosatom

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Celebrating Wild Caraway: Taste of Nova Scotia's Restaurant of the Year | SaltWire - President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.

Magamedov says the charges are unfounded and is appealing his conviction. He has previously alleged that the Russian state wanted to bring Fesco – which operates ports, including a key port in Vladivostok – under Rosatom's control. Magomedov filed a lawsuit at London's High Court on July 20 seeking nearly $14 billion over the seizure of his holdings.

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