Friday, 24.05.2019
A $2.5 billion expansion of Sheremetyevo Airport, including two more new passenger terminals, a railway, and a new cargo terminal would allow passenger traffic to increase to up to 100 million per year by 2026. To finance this expansion, Sheremetyevo’s shareholders are considering selling 30 percent of the airport. In...
The final decision on Sheremetyevo Airport’s stake sale could be made this year, aiming to sell to a strategic or a financial investor, most likely a foreign one, the chairman of Sheremetyevo’s board Alexander Ponomarenko said in an interview with Reuters. Last year, Sheremetyevo’s shareholders were considering selling up to...
Russian President Vladimir Putin has approved the construction of a high-speed highway from Moscow to St. Petersburg, Kremlin spokesman Dmitry Peskov has confirmed after reports by Vedomosti and Kommersant. Putin wrote “I Agree” in a letter with a proposal for the resumption of the project, which he sent the acting...
Russia’s biggest cargo airline, AirBridgeCargo (ABC), has decided to expand its scheduled freighter operations at Rickenbacker International Airport (LCK) to a twice-weekly frequency, a year after the company entered the market in Columbus, Ohio, Rusaviainsider reports. The company introduced Columbus into its global network in April 2018 and thus far...
The World Trade Organization (WTO) on Friday ruled in favor of Russia in a “national security” case over a Ukrainian railway dispute, TASS news agency reported. According to analysts, the ruling may also lend support to global automobile tariffs that could be imposed by U.S. President Donald Trump. The WTO...
A $96 billion modernization of Russia’s highways, airports, railways, ports and other transport infrastructure until 2024 has been gaining steam, The Moscow Times reports. The six-year comprehensive plan is geared toward improving the connectivity of Russia’s regions, as well as developing strategic routes including the Europe-Western China transport corridor...
Sheremetyevo International Airport was officially awarded a 5-Star Terminal Rating from Skytrax, a prestigious award for airports and airlines acknowledging the top quality of passenger services. Terminal B received the 5-star rating at a special event in London on March 27, 2019. “Skytrax 5-Stars is the pinnacle of recognition of...
Russia’s rail freight transportation company Rustranscom (RTC) holding said on Monday it was planning to list its global depositary receipts (GDRs) on the London Stock Exchange, Reuters reported. The move would mark the first initial public offering by a Russian firm since 2017. The company plans to apply for...
A preliminary sum of around $1 billion was set aside for the construction of a new, unified headquarters of Russian Railways and all of the state-run monopoly’s subsidiaries, Vedomosti reported citing sources from the company. The business newspaper’s sources said that this is only a preliminary amount, with the cost...
U.S. trade policies and sanctions against Russia have caused significant shifts in the composition of the country’s aluminium imports last year, Dawn.com reports. After Washington introduced sanctions against Russia’s top aluminum producer Rusal last year, a sharp drop in imports of primary metal from Russia followed. China was hit hardest in the...