EuropePorts and Logistics

Russian port boss accused of embezzling $25m

Photo of Sam Chambers Sam ChambersDecember 30, 2016
26 Less than a minute

The head of the Russian port of Ust-Luga has been detained by a court in St Petersburg on suspicion of fraud. Valery Izraylit, the chairman of the Baltic port of Ust-Luga, is accused by the Federal Security Service (FSB) of embezzling RB1.5bn ($25m)

Izraylit, 54, has been in charge of the fast developing port for the past 15 years.

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Photo of Sam Chambers Sam ChambersDecember 30, 2016
26 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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