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    Russian Railways earns US$6.52 billion in foreign business in 2020

    来源:Shipping News Headlines    编辑:编辑部    发布:2021/03/03 09:19:13

    RUSSIAN Railways' foreign activity revenue in 2020 amounted to US$6.52 billion, the company disclosed.

    First deputy general director of Russian Railways Sergey Pavlov declared the numbers were ensured by successful work in all three areas of foreign business including transit, international logistics, and foreign projects.

    "The volume of export services in general for railway transportation in 2020 is estimated at $1.3 billion. We predict it will reach one and a half billion US dollars in the next four years, which corresponds to the target annual growth rate in the strategy of export of services," said Mr Pavlov.

    Over 800,000 TEU were shipped in transit through the Russian Railways network at the end of last year, 10 per cent more than the planned indicator of the Long-Term Development programme of the company.

    561,000-TEU were transported on the most popular route, from China to Europe, up 62 per cent from 2019. 

    "In accordance with the decision of the Government of the Russian Federation on subsidising transit traffic, systematic work with foreign clients was organised to attract new cargo flows to the Trans-Siberian. Emphasis was placed on developing new markets, including countries of the Asia-Pacific region, including Central and South Asia," said Mr Pavlov.

    Mr Pavlov declared that Russian Railways plays a critical role in more than ten specialised international organizations in the development of international shipping.

    Russian Railways' image as a green company has been gaining strength internationally as well since Russian Railways joined the UIC Declaration on Sustainable Mobility.

    Mr Pavlov also declared that foreign activity revenue in 2021 is expected to be $6.74 billion.