Exec: Delo Group may launch logistic terminals in Russia, China

MOSCOW, Apr 10 (PRIME) -- Russia's logistics holding company Delo Group is discussing development of a network of logistic terminals in Russia and China with the Chinese partners, Vice President for Operating Activities and Government Relations Denis Ilatovsky told PRIME on Monday.

"Russian exporters and transportation companies need to develop a warehouse network to trade with China, as well as the Chinese need warehouses in Russia,” Ilatovsky said.

“Our former partners had a developed chain of warehouses in Russia, while the Chinese partners do not have it, they need help in the development of this terminal network."

At the end of March, Delo Group and China's Shandong Port Group agreed to establish a joint venture to fulfill logistic projects in Russia and China.

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