These are huge opportunities! - Expert on whether to dismantle the rails to the east 0

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These are huge opportunities! - Expert on whether to dismantle the rails to the east

Is there a future for the Latvian port business if the rails leading to Russia are dismantled? Normunds Krūmiņš, Chairman of the Board of the Latvian Logistics Association, reminded on the TV24 program Nacionālo interešu klubs that there is a lot of money behind railway cargo.

The expert urges to consider one aspect that is usually hardly mentioned, but could be skillfully used to one’s advantage. It concerns rare earth metals from Central Asia. Several contracts have already been signed there, with the first one being for 400,000 tons. These metals are sold from Central Asia to America.

"The question is, could we include the same America in our [transport] corridor, and how? With volumes measured in millions of tons, there are few options. Either it’s Russian ports or the ports of the Baltic states. There are two possibilities, and beyond that, it is definitely the work of politicians, lobbyists, and other interested parties. The presence of America here, in terms of security, would definitely make a very positive contribution."

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