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News and events in Novorossiysk (page 2 of 5)

04/10/2018 00:25Cargo ship URAL with Russian military cargo released, $4 mil cargo seized    ( Maritime Bulletin (press release) )
Ro-ro cargo ship under Russian name URAL but operated by Mersin-based Turkish company, arrested at Sfax, Tunisia, on Feb 15, was released on Apr 6 without her cargo of military equipment, which has been seized by Tunisian authorities. According to a number of reports, cargo was a complex ...
04/04/2018 00:35Russian transport tycoon arrested on embezzlement charges    ( Splash 247 )
Magomedov is the owner of trading and investment company Summa Group, which owns controlling stakes in Fesco Transportation Group, Commercial Port of Vladivostok, Novorossiysk Commercial Sea Port and United Grain Company. The Fesco offices in Moscow and Vladivostok and the Vladivostok ...
04/04/2018 00:35Fesco shares hit by Magomedov arrest    ( TradeWinds )
Summa also owns 25% of Novorossiysk Commercial Sea Port Group (NCSP). These shares dipped by up to 4.6%. Magomedov was detained along with his business partner and brother, Magomed Magomedov, and Artur Maksidov, the head of a company in the Summa Group that was involved in the ...
04/03/2018 16:30Kremlin denies political link to billionaire's arrest    ( Gulf Times )
Stocks in companies in which Summa has major stakes, Novorossiysk Commercial Sea Port and FESCO, fell sharply yesterday on the Moscow stock exchange. In court on Saturday, Magomedov denied the accusations against him as “not standing up to any criticism”, Tass state news agency reported.
04/03/2018 16:30Kremlin insists billionaire's arrest is to fight corruption    ( Dayton Daily News )
In this photo taken on Saturday, March 31, 2018, Ziyavudin Magomedov, who is worth around dollars US 1.4 billion, according to the Russian Forbes magazine, looks through a cage bars in a court room in Moscow, Russia. The Kremlin has rejected suggestions that authorities have arrested a billionaire ...
04/03/2018 16:30Russian billionaire arrest jolts stocks    ( The Malaysian Reserve )
Novorossiysk Commercial Sea Port PJSC had its biggest intraday loss since May. TransContainer PJSC and Novorossiysk Grain Plant PJSC retreated as much as 4.5% and 4.2% respectively, before paring declines. The benchmark MOEX Russia Index was trading 0.9% higher as of 1:38pm in Moscow ...
04/03/2018 08:30Police spied on the Magomedov brothers for 6 months    (
Shares of Summa group companies slumping -
04/03/2018 08:30Kremlin denies political link to tycoon's arrest    ( New Straits Times Online )
Stocks in companies in which Summa has major stakes, Novorossiysk Commercial Sea Port and FESCO, fell sharply Monday on the Moscow stock exchange. In court on Saturday, Magomedov denied the accusations against him as “not standing up to any criticism,” TASS state news agency reported.
04/03/2018 08:30One of the major Russian port owners arrested    ( (blog) )
Both brothers own Summa Group, which controls a number of port and logistics assets in Russia, such as United Grain Company (50% – 1 share), FESCO (32.5%) owning Vladivostok Sea Commercial Port, and Novorossiysk Commercial Sea Port (25%). The Group even had plans to build a crude oil ...
04/03/2018 00:35FESCO Owners Arrested    ( (press release) (blog) )
Ziyavudin Magomedov and Magomed Magomedov, co-owners of Summa Group, which owns FESCO Group and is a shareholder in Novorossiysk Commercial Sea Port (still a shareholder, as there was no information on closing the deal with Transneft, which is buying Summa's share in NCSP), were ...
04/03/2018 00:35Russian Billionaire Arrest Jolts Stocks, Fuels Cabinet Shake-Up Speculation    (KFGO)
Shares in assets of Russia's Summa group fall after billionaire owner detained - KFGO
04/02/2018 08:25Billionaire's arrest points to Kremlin power struggle    ( Financial Times )
“Magomedov owns [Novorossiysk] Port, which is vital for Russian oil exports. Sechin has long wanted it,” Mr Aslund said on Twitter. “Next Sechin can seize control of state pipeline company Transneft and then Lukoil & Surgut, controlling the whole of Russia's oil industry,” he added, referring to two ...
04/02/2018 00:40Summa co-owner reveals unsuccessful appeals to FSB over asset theft    ( )
In addition, there are several other crime episodes in the criminal case of swindling on an especially large scale (part 4 of Art. 159 of the Russian Criminal Code), including those related to the Novorossiysk Commercial Sea Port (NCSP). The court has arrested the defendants in the case – Ziyavudin ...
04/02/2018 00:40Russian tycoon Magomedov arrested on embezzlement charges    (Daily Sabah)
Russia arrests billionaire Magomedov over embezzlement of $35M - Daily Sabah
04/01/2018 08:40Russian billionaire arrested for 'embezzlement'    (112 International (blog))
Russian billionaire detained on suspicion of embezzlement - 112 International (blog)
04/01/2018 00:30UPDATE 2-Russian tycoon Magomedov arrested on embezzlement charges    (Malay Mail)
Co-owner of Russia's Summa group detained over suspected embezzlement, says ministry - Malay Mail
03/21/2018 05:15China and Russia are 'aggressively pursuing' hypersonic weapons, and the US can't defend ...    ( CNBC )
Russian President Vladimir Putin visits the destroyer Vice-Admiral Kulakov at the Naval Base of Black Sea Fleet on September 23, 2014 in Novorossiysk, Russia. Hyten, who has previously called Russia the "most significant threat" to the U.S., emphasized the need for the U.S. to add another type of ...
03/16/2018 09:25Novorossiysk Sea Port is now under control of 90s crime lord    ( )
With the approval of the Federal Anti-Monopoly Service, Transneft has purchased a share of Ziyavudin Magomedov's Summa Group in the Novorossiysk Commercial Sea Port (NCSP), Nezavisimaya Gazeta reports. As a result of the transaction, the oil company has obtained a controlling stake of 50.1% ...
03/13/2018 04:20The French proposed to heat the home mining    ( The Bobr Times )
As payment is also accepted bitcoins. Mining greatly increases the load on the grid, which in turn could trigger a fire. At the end of February in Tomsk burned apartment, the owner of which was engaged in mining cryptocurrencies. Earlier, a similar incident occurred in Novorossiysk.
03/09/2018 00:20Man arrested after two flashing incidents near Plymouth school    ( Plymouth Herald )
A man has been arrested on suspicion of outraging public decency after two alleged flashing incidents which took place within minutes of each other. Police received a call at 2.05pm from a woman who had spotted a man indecently exposing himself on a footpath at Novorossiysk Road. The man was ...


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