Russia, Germany, Poland, Belarus set up railroad logistics joint venture

The railroad authorities of Russia, Germany, Poland and Belarus have signed a statement forming the Eurasia Rail Logistic joint venture.

The company will optimize cargo traffic between Russia and Western Europe on the Berlin-Warsaw-Minsk-Moscow-Nizhny Novgorod international transport corridor.

The company's charter capital will stand at RUB 1.6 mln. Russian Railroads will have a 40.1% stake in the joint venture, Railion Deutschland will have 34.9%, Polish Railroads will have 15%, and Belarusian Railroads will have 10%.
Source: gielda.wp.pl