Ukraine and Poland to set up a joint logistic venture

Ukraine and Poland agreed a creation of a joint logistic company in order to increase Ukrainian rail exports to the EU and world markets. The Prime Minister of Ukraine Denys Shmyhal and the Prime Minister of Poland Mateusz Morawiecki signed the memorandum yesterday, Ukrainian state-run railway company Ukrzaliznytsia reported.

The need to set up such a joint venture emerged as Ukrainian seaports are totally blocked, and railways are blocked partially.

Ukraine and Poland have agreed to work together to increase freight traffic via Ukraine’s western border, jointly solving technical and organizational problems (customs regulations, routes, rolling stock etc.).

“We started preparing the concept of a joint venture with Polish colleagues a week after the start of the war. Having Ukrainian and Polish managers experience and knowledge, we could create unique logistic proposals for the European and world market, refusing Russian supplies and logistics,” UZ head Alexander Kamyshin said.

The work on the establishment of such a joint venture will begin immediately. Both parties are eager to accelerate economic cooperation potential, railway infrastructure modernization, railway traffic in both directions.

Earlier GMK Center reported, that Ukraine wants to export metal products and grain to the world market through the ports of the Baltic States.