Transportation

  • Transportation
    Feb 20, 2024
    Russian Sokol Cargo Back on the Move to China and India

    Three tankers carrying Sokol crude oil, previously stranded due to Western sanctions making Russian oil shipping more challenging, are now headed toward China and India. The sanctions, imposed after Russia’s 2022 invasion of Ukraine, caused significant disruptions in Moscow’s oil trade, leaving over ten million barrels of Sokol in seaborne storage for the past three months. Greek shipping companies Minerva Marine, Thenamaris, and TMS Tankers, previously active in transporting Russian crude, exited the trade to avoid sanctions. India’s imports of Russian crude fell to a yearly low in January, with tankers diverted due to U.S. sanctions. The NS Century and Nellis vessels, stationary since November, are transporting 2.2 million barrels of Sokol to Chinese ports, facing U.S. sanctions for exceeding the $60 per barrel price cap.

  • Transportation
    Jul 18, 2020
    Russian Railways develops foreign projects

    Revenues of the Russian Railways Holding from foreign projects to reach almost 500 billion rubles in 2019.

     

    Sergey Pavlov, the first deputy managing director of the Russian Railways, said that by the end of 2019, the Russian Railways Holding expected to earn more than 467 billion rubles in revenue from foreign activities. Mr. Pavlov was speaking at the final meeting of the company’s board in 2019. Sergey Pavlov also stressed that next year, the company expected to increase the figure to 550 billion rubles. In Mr. Pavlov’s opinion, the holding company has the necessary capacity to achieve this target, both with regards to engineering, construction, and supplies, as well as in the transportation of goods and passengers.

     

  • Transportation
    Aug 18, 2018
    Yandex.Taxi and Uber continue merger trend

    After the consolidation agreement this spring among Saturn Taxi, RedTaxi, and RuTaxi taxi into one company called Fasten, two more companies Uber and Yandex.Taxi announced their merger on July 13, 2017.

     

    Uber and Yandex will invest USD225 million and 100 million in the new company, respectively. They estimate that the new company will have a value of USD3.725 billion dollars. After the closing of the transaction, Yandex will have a 59.3-percent stake in the company, while Uber will hold 36.6 percent. The remaining 4.1-percent stake will belong to the company’s employees. Yandex.Taxi’s CEO Tigran Khudaverdyan will head the new company. The UberEATS service will also be a part of the new company. Apart from Russia, Yandex’s acquisition covers Azerbaijan, Armenia, Belarus, Georgia, as well as Kazakhstan.

     

  • Transportation
    Aug 18, 2018
    Hyperloop will come to Russia soon

    Hyperloop projects will be realized in Russia soon, and the country is extremely interested in the new technology, Igor Levitin, an assistant to the Russian President, said on September 6, 2017.

     

    The idea of the hyperloop was conceived in 2012 by an engineer, a businessman, and an investor Elon Musk, who founded such companies as SpaceX and Tesla Motors. The new vehicle will be twice as fast as an airplane and three to four times faster than a high-speed train. The new mode of transportation will be safe and will function on solar energy.

     

    Russia’s Minister of Transportation Maxim Sokolov said earlier that Russia’s first superfast transportation system using hyperloop technologies would cost 30 to 40 billion rubles and will likely be constructed along a rail line segment from China to the Zarubino sea port. The Russian Direct Investment Fund will become a co-investor in the project.

     

Aviation