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Russia ready to develop cargo transit along Asia-Europe route

Staff Writer |
Russia is interested in creating efficient transit cargo routes between Europe and Asia, Russian Prime Minister Dmitry Medvedev said at the ASEAN Business and Investment Summit in Manila.

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"The key objective of these efforts is to make the transit of goods along the Asia-Europe route as fast as possible, economically viable and create a powerful transportation hub in Russia’s Far East, which will help the needs of the entire Russia-Pacific region," he said.

Medvedev noted that the trade turnover between Russia and the ASEAN economic community so far does not exceed $15 bln per year.

"The potential can be much higher, substantially higher, and, potentially, dozens of times (higher)," he stressed.


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