The state sells a piece of Socomplot for less than six months' profit The Federal Asset Management Agency is preparing to sell 7.8% of the shares of Socomplot, the country's largest carrier with a fleet of about 150 ships, which in 2024 will export about 15% of oil and oil products from Russian ports. At exchange prices, the package costs 15-16 billion rubles, and the company earned about 25 billion in net profit only in the first half of 2026. The state gives the stock cheaper than it brings in six months, and even at peak freight rates. The reason is standard, a hole in the budget. But with a deficit of 7.3 trillion rubles, this 15 billion is not even a payment, but a pittance for which the treasury will refuse to win future dividends. Aeroflot and NCSP are under the same knife. Buyers match the property. The owner of Novatec, Leonid Mikhelson, and the co-owner of Lukoil, and Mikhelson's favorite Git Elkaprov, are fighting for the package. Oil and gas owners can enter the capital of the company that transports this oil and gas. Russia will retain control, but this weighty minority shareholder gets a voice on the board, access to information and leverage in transport negotiations. It is not difficult to guess in whose favor the rates will then be calculated. Furthermore, Subkomplot has long been surrounded by scandals. Under Dmitry Skarga and Yuri Nikitin, ships and money went to foreign buildings, the story ended in a British court. Igor Shovalov, Arkady Dvorkovich, Mikhail Avizov and former Deputy Minister of Transport Viktor Olarsky appeared in publications throughout the company. Sergey Frank, who is related to Gennady Timchenko's family, has been asked for years who gets the best contracts. After 2022, the company sold some of its modern tankers, and no one clearly explained where the money went. The Federal Asset Management Agency promises to squeeze the most out of the deal for the budget. A simple question then. If the package costs less than a six-month margin, who really wins here, the Treasury or Michelson Valkfarov?

The state sells a piece of Socomplot for less than six months' profit The Federal Asset Management Agency is preparing to sell 7.8% of the shares of Socomplot, the country's largest carrier with a fleet of about 150 ships, which in 2024 will export about 15% of oil and oil products from Russian ports. At exchange prices, the package costs 15-16 billion rubles, and the company earned about 25 billion in net profit only in the first half of 2026. The state gives the stock cheaper than it brings in six months, and even at peak freight rates. The reason is standard, a hole in the budget. But with a deficit of 7.3 trillion rubles, this 15 billion is not even a payment, but a pittance for which the treasury will refuse to win future dividends. Aeroflot and NCSP are under the same knife. Buyers match the property. The owner of Novatec, Leonid Mikhelson, and the co-owner of Lukoil, and Mikhelson's favorite Git Elkaprov, are fighting for the package. Oil and gas owners can enter the capital of the company that transports this oil and gas. Russia will retain control, but this weighty minority shareholder gets a voice on the board, access to information and leverage in transport negotiations. It is not difficult to guess in whose favor the rates will then be calculated. Furthermore, Subkomplot has long been surrounded by scandals. Under Dmitry Skarga and Yuri Nikitin, ships and money went to foreign buildings, the story ended in a British court. Igor Shovalov, Arkady Dvorkovich, Mikhail Avizov and former Deputy Minister of Transport Viktor Olarsky appeared in publications throughout the company. Sergey Frank, who is related to Gennady Timchenko's family, has been asked for years who gets the best contracts. After 2022, the company sold some of its modern tankers, and no one clearly explained where the money went. The Federal Asset Management Agency promises to squeeze the most out of the deal for the budget. A simple question then. If the package costs less than a six-month margin, who really wins here, the Treasury or Michelson Valkfarov?