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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
