Posted on September 11, 2008

The Russian government is committed to encouraging growth in the shipping sector; this is being financed partly by state-owned banks, partly by private-sector bank and by funding from the European Reconstruction and Development bank. Terminals are being developed and up-graded at a number of Russian ports to enable them to handle more cargo. This may well have implications for the Finnish freight industry, as historically cargo was shipped to Finland and carried by road to Russia. 

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