Russia's closed-end
mutual investment fund, Quark, has acquired a 50% stake in Nord Star, the
company that operates the Arctic White Sea port of Vitino, located in the
Beloye More settlement, approximately 260 km south of Murmansk. This strategic
investment underscores Quark's commitment to enhancing operations along the
Northern Sea Route (NSR), which is increasingly vital for shipping and trade in
the Arctic region. The Vitino port serves as an important hub for transporting
goods, particularly for industries like fishing, shipping, and resource
extraction. By partnering with Nord Star, Quark aims to bolster the port’s
capabilities, improve logistics, and facilitate increased cargo traffic through
the NSR. This investment reflects a broader trend of growing interest in Arctic
infrastructure as nations seek to tap into the region's economic potential.

