New Black Sea port

Russia’s vice-premier Marat Khusnulin anticipates that Mariupol alone could handle as much as 1 million tons per annum of various cargoes in 2024.

Possible losses to the Latvian economy in the case of the manganese ore ban are estimated at several million in port fees and more than EUR 10M for the railway.

“There is a shortage of seaport handling capacities in Russia. The problem has become especially pressing after we lost access to the Finnish and Baltic ports”

Five CEE signatories emphasize that the war against Ukraine has been financed from, among other things, Moscow’s revenues for its grain exports to the EU.

MCC EuroChem has signed a contract with Russia’s United Wagon Company (UWC) for the purchase of 700 new generation hopper cars.

First Ore Mining Company (PGRK) has started an engineering survey for a would-be port on the western shore of the Arctic Archipelago of Novaya Zemlya.