Latest news with #AirSeaTransport
Yahoo
13-03-2025
- Business
- Yahoo
Europe-bound Chinese rail shipments through Russia plummet due to transit restrictions
Russian restrictions and the seizure of dual-use goods have caused Europe-bound rail shipments from China via Russia to plunge, The South China Morning Post (SCMP) reported on March 11. Russian authorities in October banned the transit of dual-use military and civilian goods to Europe via its territory. The restrictions apply to a range of goods that could potentially aid in its fight against Russia's full-scale war. Since the ban, rail cargo volumes through from China have been declining for months as Chinese logistics companies lose confidence in the trade route, industry players told SCMP. "We have not dared to ship (goods through Russian rail routes) since November," Andrew Jiang, general manager of Shanghai freight forwarding company Air Sea Transport, . Russia's new restrictions have caused Chinese rail shipments to be sent to Europe via alternative routes that bypass Russia. These include routes through Central Asian countries, such as . Many Chinese freight companies learned about the restrictions weeks after their implementation. This has caused thousands of containers to be seized by Russian authorities. Moscow's restrictions allow Russian authorities to seize and keep hard-to-get Western-sanctioned goods. These items can then be used to manufacture weapons for the war against Ukraine. Russian authorities have confiscated large amounts of equipment that on the surface appear to be harmless, such as welding materials, metal fasteners, and airplane parts, importers of Chinese goods in Russia told the Moscow Times. Russian importers now face difficulty obtaining goods from suppliers due to a lack of confidence in Russian freight routes. China has become Russia's key economic partner, supplying Moscow with critical dual-use goods as have increasingly isolated the country from the global market. Russia has come to rely heavily on China since the launch of the full-scale invasion of Ukraine in 2022. Read also: Ukraine war latest: Kyiv ready to fight in Kursk Oblast 'as long as necessary' as Russia claims to retake over 86% of seized territories We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
12-03-2025
- Business
- Yahoo
China refuses to transit goods through Russia
Russia's restrictions on the transit of dual-use goods have led to a sharp decline in the flow of cargo by rail from China to Europe. Source: The Moscow Times Details: Chinese suppliers have lost confidence in the route after Russian customs officers massively confiscated their goods. "We have not dared to ship goods by rail since November," said Andrew Dang, CEO of Shanghai-based Air Sea Transport. Russia increased transit controls in October, particularly for mechanical and electronic products that could be used for military purposes. Due to Western sanctions, some confiscated goods remained in Russia. This has paralysed logistics flows – up to 80,000 containers are transported to Europe through Russia every month. Amid the problems, China and Kazakhstan opened a new railway route bypassing Russia. Trains will run through Turkmenistan, Iran and Türkiye to Europe. Beijing is also developing alternative routes through Central Asia and the Caspian Sea. Background: China made it harder for Russians to purchase equipment and chemicals for Russian businesses. Chinese banks started blocking payments from Russian credit institutions that have been subject to new sanctions imposed by the US Treasury. Support Ukrainska Pravda on Patreon!
South China Morning Post
11-03-2025
- Business
- South China Morning Post
Russian goods seizures cause havoc on China-Europe rail link: ‘big impact'
Last week, China's leaders made promises to support the China-Europe Railway Express – an overland freight link that has become a symbol of Beijing's ambitious drive to recreate the ancient Silk Road. Advertisement But the reality is that traffic along the intercontinental rail link has been declining for months, as a wave of Russian goods seizures causes logistics companies to lose confidence in the project, industry insiders said. 'We have not dared to ship [goods via the railway] since November,' said Andrew Jiang, general manager of freight forwarding company Air Sea Transport in Shanghai. In October, Moscow banned a series of goods from being transited through Russia, with a focus on dual-use items such as mechanical and electronic products that could potentially be used by Western forces in Ukraine. The new rules affected thousands of containers being shipped from China to Europe via the vast rail link . About 80,000 20-foot (six-metre) equivalent units of goods per month pass along the railway, which cuts through Russia on its way to the European market. Advertisement Many China-based freight companies only heard about the rule change weeks later – by which time Russian authorities had already impounded large amounts of their cargo.
