04 Jun 2019Railway companies of Belarus, Russia, Kazakhstan sign agreement
June 4, a shareholder agreement of JSC United Transport and Logistics Company – Eurasian Rail Alliance (UTLC ERA) was signed in Moscow. The document indicates that the railway administrations of Russia, Belarus, and Kazakhstan intend to continue integrating transit transportation by rail in the Eurasian Economic Union. The shareholders hold equal shares (33.33% for each shareholder).
The document was signed by Oleg Belozerov, Chief Executive Officer and Chairman of the Board of Directors of Russian Railways, Vladimir Morozov, Head of Belarusian Railway, Sauat Mynbayev, Chairman of the Board of Kazakhstan Temir Zholy NC JSC.
The United Transport and Logistics Company (UTLC) was established on 13 November 2014 by the railway administrations of Russia, Belarus, and Kazakhstan.Read more…