Russia, Kazakhstan and Belarus to create a logistics company
Azerbaijan, Baku, Feb. 22 / Trend E. Kosolapova/
Russia, Kazakhstan and Belarus within the Common Economic Space are going to create a rail logistics company, Russian Railways CEO Vladimir Yakunin told Russian TV channel RT.
"It is essential to create a special logistic company which will be the major company to carry out container operations," Mr Yakunin told RT.
According to Yakunin, Russian Railways plans to attract investment of 400 billion roubles ($13.42 billion) for realizing of this project.
Moreover, Yakunin considers there are western partners along with Chinese partners, who are interested in cooperation with a railway joint venture of the Customs Union.
"If we have this kind of joint project between Russia, Kazakhstan, Europe and possibly China, that will be the first sample of cooperation between Europe and the Eurasian continent," Yakunin said.
The Customs Union of Russia, Kazakhstan and Belarus has been operating since 2010. It aims at forming a single customs zone where no duties or economic restrictions are applied, except special protective, antidumping and compensatory measures. The Common Economic Space within the Customs Union started to operate from Jan.1, 2012.