You searched for "TRANSPORT" (2 results found)

Russian car dealers go into agriculture

  • 5 May 09:42

he crisis in the Russian car market, already in its fourth year, has forced car dealers to look for new business ideas, and agriculture has popped up as a surprise investment opportunity. Russian car dealers are looking at farming as a saviour. Source: Yegor Aleyev/TASS Over the past three years the Russian car market has shrunk by more than 50 percent — from nearly three million cars sold in 2013 to 1.42 million in 2016. The "Crimean Spring," Western sanctions, and above all, the devaluation of the Russian ruble, which has almost halved against major world currencies, has led to a catastrophic situation in the car industry. But while some. Read more...

Russia to invest $43 bln in Europe-Asia transport corridor

  • 3 Mar 11:46

Thanks to the implementation of infrastructure projects within the framework of the Eurasian Economic Union (EAEU), Russia claims 15 percent of the total cargo turnover between Europe and China, Alexander Misharin first vice-president of Russian Railways said at an investment forum in Sochi this week. Russian freight train from Russia to China. Source: Jack No1/ (CC BY-SA 3.0) The Russian government plans to invest $43 billion to upgrade its railway infrastructure in order to benefit from growing freight traffic between China and Europe, a senior official from Russian Railways said this week. Russia can benefit enormously from freight between Europe. Read more...