OREANDA-NEWS. The two companies agreed to sign an agreement at the end of June 2007 to set up a joint logistics company during the Moscow meeting. Immediately following the signing, a decision is expected to be taken to establish a joint logistics company with three parties involved, including the Chinese Ministry of Railways.

The two companies also agreed on 18 June 2007 as the preliminary date to set up Eurasia Rail Logistics, in which the railway companies of Russia, Germany, Poland and Belarus will be involved.

Russian Railways and Deutsche Bahn confirmed their interest in setting up an operating company to service the ferry link between Ust-Luga, Baltiisk and Zassniz, and agreed to continue joint work, including a detailed analysis of the freight volumes in both directions.