Petropavlovsk-Kamchatka Commercial Sea Port

History

2025: Nationalization

The Petropavlovsk-Kamchatka Commercial Sea Port was nationalized by the decision of the Leninsky District Court of Vladivostok, adopted in May 2025. The court satisfied the claim of the Prosecutor General's Office of Russia on the confiscation of property obtained in violation of anti-corruption legislation. The total value of seized assets is more than ₽31 billion.

According to Kommersant, the property of former officials and entrepreneurs of the Kamchatka Territory is subject to confiscation. Among those seized in favor of the state are the joint-stock company Petropavlovsk-Kamchatka Commercial Sea Port, dozens of real estate objects and sea vessels.

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Фото: Wikipedia

The capitalization of the assets of the transport hub in the port of Petropavlovsk-Kamchatsky is ₽16,7 billion according to the lawsuit. The cargo turnover of the commercial sea port reaches about 1 million tons per year.

The defendants in the case were the former deputy chairman of the government of the Kamchatka Territory Yuri Zubar, the deputy minister of property and land relations of the region Vladimir Balakaev, as well as the deputy of the legislative assembly and entrepreneur Alexander Ivanchey. Yuri Zubar previously rose to the rank of colonel of the FSB.

The Prosecutor General's Office found that the accused, through affiliates, owned and operated the seaport of Petropavlovsk-Kamchatsky and the Terminal group of companies. They acquired business entities and actually managed them, extracting income for themselves, relatives and controlled persons.

The income received was invested in the acquisition of production facilities and real estate. Alexander Ivanchey acquired more than a hundred real estate objects of sanatorium-resort and agricultural purpose in the Krasnodar Territory.

The representative of the General Prosecutor's Office, Roman Konotop, said during the court debate that all business activity was illegal. According to him, it was fully supported through patronage through the government of the Kamchatka Territory.^[1]

Notes