Russia plans to reduce transit flows through Latvia
Latvia may lose cargo traffic due to implementation of infrastructure projects in ports of Russia and development of the Northern Sea Route. The Deputy Minister of Transport, Viktor Olersky, said that this year capacities of Russian ports should be increased by 28 MMT. According to him, capacities of Sabetta port will be increased to 8 MMT per year, Murmansk – to 2 MMT. Ports of Novorossiysk, Azov, Taman and the Baltic Sea basin will increase cargo handling capacities as well, reports UkrAgroConsult.
At present, Latvia's eastern neighbors are in greatest need of additional port capacities for handling of grain, mineral fertilizers and ore. It should be noted that in recent years, transit of Russian grain through Latvia continues to decline due to the focus of Russian Federation on developing capacities of its own seaports.