(Bloomberg) Ilya Arkhipov and Henry Meyer - Russia is taking legal action to block companies controlled by Iran from acquiring Russia's strategic Astrakhan port on the Caspian Sea, Igor Artemyev, head of the Federal Anti-Monopoly Service, said in Moscow Tuesday. "We know that these companies, through a certain chain, are under the direct control of the government or structures close to the government of the Islamic Republic of Iran," and "ports are strategic assets." The Iranian-controlled companies bought a significant stake in the port from its Russian owners and now control at least 25%, Artemyev said.
2012-08-02 00:00:00Full ArticleBACK Visit the Daily Alert Archive