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  Monday, September 21, 2020
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The Russian president placed Novorossiisk on the list of the country's strategic enterprises and joint stock companies
The Russian president placed Novorossiisk, a Black Sea port in Russia's south, on the list of the country's strategic enterprises and joint stock companies, the Kremlin Web site reported Monday. The list contains defense industry enterprises, vital for the protection of the country's security, values, health and legal interests, including aviation companies, gas-distribution entities, and leading research institutes. The transformation of strategic unitary enterprises into joint stock companies and the sale of their shares can only be approved by the president. The Novorossiisk port oversees the transshipment of major Russian and transit freight flows. In addition to its developed infrastructure, the port is connected to the main industrial and administrative centers in Russia, the Caucasus and Central Asia by a network of railroads and highways.
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