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TBILISI: Russia-Armenia import-export problems

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  • TBILISI: Russia-Armenia import-export problems

    The Messenger, Georgia
    March 9 2009


    Russia-Armenia import-export problems

    By Messenger Staff
    Monday, March 9

    Russian company Black Sea Ferry Investment, which runs rail ferry
    transport between the Russian port of Kavkaz and Poti, has declared a
    price cut of USD 400 for every transported carriage. The reason for
    such a decrease is the serious slowing down of carriage transport
    between the two countries.

    Senior management of the company states that every month in 2008 four
    journeys from Kavkaz to Poti were undertaken. The ferry boat was
    loaded to full capacity but from 2009 Russian export to Armenia
    decreased, and as is known mostly Armenian cargo was transported via
    this route.

    Export from Armenia to Russia has always been much less than export
    from Russia to Armenia. The ferry boat connection between Kavkaz and
    Poti was opened in 2004. The ferry was owned by Swiss-registered
    company Preserve Capital Enterprises and mostly transported cargo to
    and from Armenia. Before 2004 the connection with Poti was conducted
    through the Ukrainian port of Ilichevsk, but in both cases the cargo
    from Poti to Armenia was transported onward by rail. After Kavkaz port
    opened the price of the transportation decreased by 25% and the time
    from 50 hours to 31 hours.

    In 2008 Armenia exported construction materials, mineral water, fruit
    and vegetables to Russia whereas Russia exported to Armenia cars and
    other machinery, tractors and different types of grain. The dramatic
    decrease in traffic however has now made the continued profitability
    of the ferry boat problematic. Hacked By Fdt
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