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Iranian firm offers to purchase minority shareholders in Russian Caspian Port Terminal

The company's Tuesday records revealed that Nasim Bahr Kish (an Iranian firm) which holds a controlling interest in Russia's Astrakhan Port has made an offer to buy the remaining shares. This includes a 25% share owned by the Russian government.

Astrakhan Port is a port in Astrakhan, a city located in southern Russia.

This move highlights Tehran's growing involvement in Russia’s export infrastructure, as both countries strengthen their economic ties while under Western sanctions. Kommersant, a Russian newspaper, broke the news first.

The Iranian firm would gain full control of one of the most important Caspian Sea Terminals used to transship grain, metals and timber.

The terminal handled approximately 275,000 tons of grain in the agricultural season 2023/2024. However, volumes have dropped to 139.500 tons this season with no shipments made in May.

Transporting Russian grain from Russia to Iran has been done by the Caspian Sea for centuries.

The route saw a sharp decline in grain shipments in the second half 2025, due to the temporary Russian export ban of barley and maize. Analysts expect the agricultural season 2025/2026 to rebound, in part due to the crop loss in Iran in this year.

(source: Reuters)