The side victim of the Russian invasion of Ukraine, the “Silk Road”, is mentioned in today’s publication of the French financial newspaper Les Échos, noting that a prolonged blockade of this Eurasian axis will not be to China’s liking. Mainly after the signing of an agreement between Beijing and Kiev in July 2021, for the development of a new alternative freight service between Xian in China and Kiev in Ukraine, with the aim of better serving Southern Europe and a European border crossing point between Ukraine and Hungary.
It underscores Hungary’s desire to set up a railway “hub”, such as that of Małaszewicze in Poland, which is now saturated, and the readiness of Asian and European investors to commit, as well as the Upply freight platform study “southern corridor”, “as in all rail freight projects concerning Ukrainian territory”.
The same newspaper points out the suspension of maritime traffic in Ukraine, with shipowners suspending their services in local ports, mainly in Odessa. It is noted that MSC, the world’s leading ship owner, “no longer accepts new bookings from or to Ukraine with immediate effect” and is investigating a solution for transit shipments to Black Sea and Mediterranean ports, with a company representative pointing out. additional challenges and pressures on supply chains “.
It is emphasized that the same applies to the CMA CGM, which suspended all stops in this area, redirecting cargo to its ships in the ports of Constanta (Romania), Tripoli (Lebanon) and Piraeus.
SOURCE: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
