Scientific & Practical Journal
Editorial News
Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
Dear readers! We present to your attention the 11th issue of the LOGISTICS magazine, where you will find relevant materials and articles. And again, the focus is on international cooperation. An important event in this area was the International Trade Day 2024 Forum, held on November 7, 2024 in Moscow.
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
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All News of Logistics
POT reconstruction to be financed by Otkritie Bank with a credit line for rub 7.6 billion
Petersburg Oil Terminal (POT) and Otkritie Bank signed an agreement on financial cooperation under which a 7-year credit line was opened for RUB 7.6 billion. The resources will be used for reconstruction of POT which commenced in 2021.
The project on modernization of the terminal’s so called ‘old’ part foresees replacement of obsolete storage facilities built in Soviet times with a modern complex for transshipment of oil products. The project implementation will generate new jobs of high qualification, let increase tax revenues and ensure improvement of the port’s environmental safety with double-wall tank technology virtually eliminating the risk of oil spills. In 2021, it was given a status of a strategic investment project of the city by Saint-Petersburg Government. At least RUB 5 billion will be spent for the reconstruction. The new facilities are to be put into operation phase by phase in 2024-2025.
“Otkritie Bank actively finances investment projects crucial for the city and provides support to strategically important industries of the country, – Mikhail Ioffe, Manageer of Otkritie Bank’s North-Western Branch, comments on the deal. – I am sure that successful cooperation of our bank and POT in the interests of Saint-Petersburg and the regional economy as a whole will continue and we will soon agree on new mutually beneficial deals.”
“We are happy to get a reliable financial partner representing the state financial sector. The bank’s support will definitely help us implement the major strategic project on reconstruction of the POT’s ‘old’ part. We also hope for our further cooperation in the future”, said Mikhail Skigin, Chairman of POT BoD.
Otkritie Bank is on the list of systemically important credit institutions approved by the Bank of Russia. It offers a full range of cutting-edge financial services to its corporate, retail, SMEs and Private Banking clients. Solid financial stability of the bank is proved by credit ratings assigned by domestic agencies ACRA (АА(RU)), Expert RA (ruAA), and NCR (AA+.ru), as well as international rating agencies Fitch (BB+) and Moody’s (Ba2). The development strategy of Otkritie Bank foresees acceleration and improvement of services as well as application of advanced fintech solutions.
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