Russian Railways assets for Customs Union’s united transport, logistics company

         The Russian Federation government has confirmed its agreement to hand over shares of two Russian companies as a contribution to the charter capital of United Transport and Logistics Company (UTLC), which is being created together with Belarus and Kazakhstan, BelTA reports. Prime Minister of Russia Dmitry Medvedev has signed the relevant executive order. Shares of the public joint-stock companies TransContainer and Russian Railways Logistics, which are owned by Russian Railways, will be alienated.
      The UTLC establishment is supposed to develop the transport and logistics infrastructure of Belarus, Russia, and Kazakhstan on the basis of the unified pricing policy, the sharing of the available rolling fleet, the introduction of unified technologies and standards to render transport and logistics service in the Single Economic Space. The establishment of the United Transport and Logistics Company will provide a massive economic effect both for the shareholders and for the economies of the Single Economic Space member states.