Russia to privatise four ports

On the list are four ports which the state intends to sell, including the 34% stake it holds in Murmansk. This is an all year round ice-free port handling substantial quantities of oil, coal, minerals, metals and other cargoes. In 2008, it posted profits of ¢22.5m ($32m). It is currently undergoing a ¢3.4bn ($4.9bn) investment programme and reported cargo increases of 12.5% in 2009.