OREANDA-NEWS. September 10, 2009. The joint venture will be organized in the form of a joint-stock company set up in accordance with the laws of Finland, with 50% of shares belonging to JSC Freight One and 50% belonging to VR Ltd.

As was previously reported, the JV will be involved in sales, marketing, freight forwarding and organizing the full range of rail transport services between Russia and Finland. It might eventually enter the markets of other EU countries.

The joint venture’s highest-priority line of business will be organizing paper haulage in covered railway cars from Finland to Russia. It is expected to haul 50,000 metric tons a year.