RUSSIA SIDELINES UKRAINE

Russia is to invest $1.2bn on a new dry port in the Krasnodar region as a means of reducing the amount of domestic coal and containers shipped from ports in Ukraine. The government eventually wants to build a new port near Taman. Meanwhile, the Russian government has committed itself to the modernisation of its Black Sea ports of Sochi, Tuapse, Taman and Kavkaz over the next few years.