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Sunday 18.02.2018 | Name days: Kintija, Kora
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Russia plans to halt exports of oil products through Baltic ports

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvian Latvijas Dzelzceļš is preparing for the moment when Russian Transneft will halt transit of oil products through Baltic ports until 2018, LDz manager Edvins Berzins said in an interview to Rīta Panorāma programme on Tuesday, 13 September.

The news about Transneft’s plans to halt transit of oil products was announced on Monday, 12 September, according to information from lsm.lv.

Berzins said this announcement was not surprising. Russia has been investing funds into the development of its own ports for years. With that, it is only logical that the country would want to return its investments.

«We experience declines year after year,» – Berzins said. Estimates suggest Latvia may lose nearly ten million containers annually.

Berzins nonetheless denied concerns that LDz will experience severe reduction in the volume of transported cargoes. Talks are held with cargo owners about the possible options to replace the lost cargoes with others. Loss of Russian oil and coal products could be compensated with other goods. «We will not lose transit cargoes so easily,» – said the head of LDz.

In his interview, Berzins also confirmed that Latvia will receive the first test cargo train from China this year. He hopes the train will arrive around the same time when Latvia will be visited by the Chinese prime minister. The visit is currently scheduled for 4 – 6 September. LDz has already reached an agreement with partners in Russia and Belarus in regards to applicable transit tariffs. Talks in regards to tariffs in China continue. A railway trip from China to Latvia will take approximately two weeks, Berzins said.

LDz views future cooperation with Russia with some caution. This is why more emphasis is put on cooperation with China, Kazakhstan and Belarus.

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