Sanctions again Fesco hold up Rosatom's possible sale of stake in shipper to DP World - paper

MOSCOW. Nov 6 (Interfax) - Russian state corporation Rosatom and UAE port operator DP World were expected to sign binding documents on the sale of a stake in Fesco Transportation Group, the flagship of which is PJSC Far Eastern Shipping Company (Fesco) , before the end of this year, but these plans were derailed by the imposition of EU sanctions against PJSC Fesco at the end of October, Kommersant reported, citing a source.

The European Union's imposition of sanctions against Fesco forced the Arab company to take a step back for legal analysis and enter into new negotiations on the price of the stake, the paper said, citing the source.

Sources on the transportation market told Interfax earlier that Rosatom was in talks to sell a 50% stake in Fesco Group to DP World. One source said the configuration of the deal had not been determined yet.

The paper's source said Rosatom was in talks to sell DP World a stake of 50% minus one share in Fesco with a view to creating an international logistics champion. The deal has been discussed in various forms for a long time.

PJSC Fesco was hit by EU sanctions in October 2025. Fesco Group had earlier been included in the United Kingdom's sanctions list.

Fesco, one of Russia's largest transportation groups, has port, railway and integrated logistics businesses. The group includes the Commercial Port of Vladivostok , intermodal operator Fesco Integrated Transport, refrigerated container operator Dalreftrans, as well as Transgarant and Fesco Trans. Fesco operates terminals in Novosibirsk, Khabarovsk, Tomsk, Vladivostok and Kaliningrad, more than 200,000 TEU of containers and a fleet of almost 15,000 well cars. Its fleet of more than 30 vessels operates primarily on the group's own marine lines.

A 92.5% stake in PJSC Fesco was transferred to Rosatom in November 2023 by presidential decree.

DP World, one of the largest port operators in the world, is owned by the government of the United Arab Emirates. The group operates more than 60 port terminals. It runs major ports, terminals, industrial parks, logistics and commercial centers with combined throughput capacity of more than 90 million TEU.