Russia’s top container firm eyes Asian trade


MOSCOW: As Russian trade flows dry up in the west, TransContainer, the country’s largest freight container operator, aims to invest more than US$300mil (RM1.35bil) in the east as China leads a recovery in Asian imports and exports.a

TransContainer plans to spend around 20 billion roubles (US$330mil or RM1.48bil) this year on rail cars, containers and terminals to account for growing trade in eastern Russia, said the company’s first vice-president Victor Markov, said on the sidelines of the Eastern Economic Forum in Vladivostok.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Up to RM1.2bil AUM from family office scheme
Muted growth likely for 3Q earnings
Ringgit maintains stronger footing at the close
Gagasan Nadi Cergas to acquire student hostel concession for RM185mil
F&N ends FY24 with higher net profit of RM542.77mil
Bursa Malaysia reverses early losses to end higher ahead of MPC outcome
Proton October sales up 13.6%, YTD hits 125,557 units
TCS secures RM86.38mil construction contract from Sime Darby Property
Oil trades in tight range ahead of US election
China shares jump, dollar skittish with all eyes on US Election Day

Others Also Read