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Russian Transport Daily Report is a unique product devoted to the transport and logistics market of the Russian Federation. It provides the latest daily news on transportation, delivery services, transport services, transport logistics, international freight, investment projects, airport transportation, haulage, international shipping, freight services, express services etc. Every issue has several sections including air, sea, rail, road and logistics, as well as infrastructure and finance. The bulletin has an extended subscriber list including transport companies, shipping companies, carriers, rail operators and many others who are interested in the development of transport and logistics of Russia.

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Government to Save Uralvagonzavod

The Government Commission on Sustained Development of the Russian Economy has approved the provision of sovereign guarantees on RUR26bn ($890.7mn, or €603.8mn) worth of loans issued by Russia’s largest state lender Sberbank and Russian state agricultural bank Rosselkhozbank. Of that sum, Russia’s largest producer of rail cars, tanks and other heavy machinery, Uralvagonzavod, will be eligible for RUR3.3bn ($113.05mn, or €76.64mn) of sovereign guarantees. The company, wholly owned by the government, is on the verge of bankruptcy, facing a debt of some RUR40bn ($1.4bn, or €929mn). (USD1 = RUB29.2337)