Russian Railways boosts Trans-Sib

Kazakhstan is developing a new trade route from China to Russia via the Irtysh River, with a port and railway planned, aiming for completion by 2026.

In February of this year alone, Russia’s container market rose by 23.5 per cent year-on-year to 533,000 TEU. The preceding month also saw growth.

While Ukraine has managed to expand throughput via its sea harbours to 75% of pre-war levels, further growth is hindered by reduced production volumes.

In selected trading corridors, containers are successfully and increasingly transporting dry bulk cargoes, such as grain, soybeans, mineral ores, and even coal.

The increasing trend of redirecting Russian exports/imports from European to Asian markets has not bypassed the segment of perishable goods

Moscow has now nationalised Kaliningrad Commercial Seaport (KMTP). The Russian exclave’s Central District Court of Kaliningrad has upheld Russia’s Deputy Prosecutor General’s move to confiscate the 51.75% stake in KMTP controlled by local MP Andrey Kolesnik and his family. In addition, RUB369.24M (US$4M) in ‘illegal income’ will be returned to the state.