Russia and China plan to develop the Berelast Logistics Center into the largest railway cargo terminal in Russia with a total investment of $283 million and an annual turnover capacity of 730,000 TEUs.
The Berelast Logistics Center was jointly built by Russian Railways and Liaoning Port Group, beginning in 2017 as the first major logistics infrastructure cooperation project between the two countries.
The first phase of the terminal was completed in the first half of this year. It launched its first freight train heading for China on June 18.
The train is expected to arrive in Moscow within 13 to 15 days.
The train carried 42 containers loaded with auto parts, chemicals and mechanical equipment, and surgical masks.
To boost trade between Russia and Northeast China, Liaoning will accelerate constructing a green Customs clearance pilot project between the two countries.
The Chinese province will also create overseas warehouses and hub ports between it and Belyy Rast, says Song Yanlin, director-general of the Liaoning commercial department.
The Liaoning Port Group will also launch new Europe-China freight train services on several routes this year.


Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 



