Siluanov says govt stake in Novorossiysk Commercial Seaport could be sold in 2026

ST. PETERSBURG. June 5 (Interfax) - The Russian Finance Ministry has said that government could sell its share in PJSC Novorossiysk Commercial Seaport (NCSP) this year, Finance Minister Anton Siluanov said.

"We want to sell the shares in Novorossiysk Commercial Seaport. A range of other assets could also be sold, and the government will make a decision on them," he said in an interview with Vesti Information Service, asked whether any large privatization deals could be expected in 2026, similar to the IPO of Dom.RF and Aeroflot's recently announced SPO.

The Russian government directly owns a 20% stake in NCSP, which is controlled by the state-owned Transneft . This stake featured in earlier privatization programs, and the most active discussion of its sale was in 2016, though these plans did not result in a sale.

In 2020, the government removed the mention of plans to sell its share in NCSP from its privatization program to 2022. At the end of May 2026, the stake in NCSP was returned to the federal property privatization program for 2026-2028, though there have not yet been any public statements on the Russian government's plans to sell the asset.

Novorossiysk Commercial Seaport is one of Russia's biggest stevedoring groups. The holding has assets in Novorossiysk, in the Krasnodar territory, Primorsk in the Leningrad region and Baltiysk in the Kaliningrad region.