Sunday, May 29, 2022
- Advertisement -
Listen to this article:
Home Train Operating Companies VR Group terminates Russia-Finland goods contracts

VR Group terminates Russia-Finland goods contracts

Listen to this article:

The board of directors at VR Group has said it has made a decision to stop freight traffic between Russia and Finland and terminate the associated contracts.

The Finnish travel, logistics and maintenance company intends for traffic to cease by the end of the year at the latest.

Topi Simola, acting managing director of VR Group, said: “We estimate that traffic will be reduced to about a third of the original level by the end of the summer. Some customers want to continue traffic until the end of the notice period, but we are still continuing negotiations on stopping traffic faster than this. In any case, all Russian freight traffic operated by VR will end by the end of the year at the latest.” 

Advertisement

Traffic is being terminated customer by customer, as Western sanctions do not, VR Group says, apply to all rail transport between the EU and Russia.

VR has said it will also divest its affiliates and subsidiaries in Russia related to freight transport.

image_pdfDownload article
- Advertisement -

Most Popular

Alstom voted “green champion”

Alstom has been voted a Green Champion by Agoria, the Belgian federation of technology companies. At its annual event, Agoria decided to showcase several...

RMT suspends Jubilee tube action

The RMT has said its members will not take industrial action over a dispute at Euston and Green Park stations on June 3. Progress in talks with...

Loco line-up confirmed for Cotswold Festival of Steam

The Gloucestershire Warwickshire Steam Railway (GWSR) has confirmed the full line-up of locomotives for its ‘Somerset & Dorset Remembered’-themed Cotswold Festival of Steam, taking...

Northern gets Gold Standard Investors in People recognition

Northern is delighted to confirm that it has been awarded the Gold standard to the internationally recognised Investors in People scheme.  The north of England...