Ukraine to Woo Shippers From Asia to Baltics by Fixing Ports
- Minister in talks with Dubai Ports, China Shipping, Hutchison
- Iran, Ukraine to develop rail, ship and truck freight links
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Ukraine, whose trade links with Russia have been severed by a two-year insurgency in its eastern regions, will strive to offset that loss by becoming a transit hub for shipments from the Persian Gulf, Asia, China to the Scandinavian countries and the Baltics.
The government wants to create “comfort and confidence” for businesses and is struggling to change a cumbersome customs policy, cut high port fees and improve difficult logistics, Infrastructure Minister Volodymyr Omelyan said in an interview in Kiev on Tuesday. The cabinet is in talks with several international companies as it seeks investors to modernize Black Sea ports and upgrade Soviet-era railways and river transport.