The service operators will be FESCO and JSC Russian Railways Logistics.

RailJet service to China will be launched for Russian exporters

RUSSIAN FEDERATION
Thursday, September 21, 2023, 07:00 (GMT + 9)

Between Russia and China it is planned to launch a new logistics service RailJet, this is a baggage train, the Russian Export Center (REC) reports following a meeting in Beijing. Also discussed at the meeting was the issue of speeding up the clearance of perishable goods through the Agroexpress service.

The imminent launch of the new logistics service RailJet, the so-called baggage train between Russia and China, was announced by Veronika Nikishina, General Director of the REC (part of the VEB.RF corporation), following a meeting of the Russian-Chinese subcommittee on trade and economic cooperation. The event took place in Beijing on September 19.

According to Veronika Nikishina, RailJet will be able to operate at least 2 times a week, and the delivery period will be 5 days due to the use of passenger schedule lines. It will provide Russian companies with the delivery of postal items, small shipments, high-tech and valuable cargo. The service operators will be FESCO and JSC Russian Railways Logistics.

“The main issues that were discussed in our part were the expansion of Russian export opportunities through e-commerce channels and the development of transport networks between our countries,” the General Director was quoted as saying in a release from the Russian Export Center.

She noted that Russian companies have not yet taken full advantage of the capabilities of Chinese trading platforms, but these e-commerce channels have great potential, and this sector is especially promising for domestic small and medium-sized businesses.

According to the Ministry of Economic Development, in 2023 there will be a significant increase in bilateral trade turnover between Russia and China. Over the first 8 months of this year, trade volume reached $142 billion. Last year, trade turnover increased by 31%, exceeding $185 billion. “With such dynamics, the target for increasing bilateral trade in goods and services to $200 billion by 2024, set by the leaders of the Russian Federation and China, can be achieved ahead of schedule this year,” said Russian Minister of Economic Development Maxim Reshetnikov during a meeting of the Russian- Chinese Subcommittee on Trade and Economic Cooperation, which took place as part of the business program of the working visit of the Russian delegation to Beijing.

Also at the meeting in Beijing, the issue of accelerating the clearance of perishable goods through the Agroexpress service, which began to actively work after the lifting of covid restrictions, was discussed. “This route is popular among Russian exporters of frozen products. The speed of delivery by Agroexpress in direct rail transport is no more than 20 days, compared to 45 days if transportation is carried out by sea,” said the General Director of the REC.

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