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EU imposes sanctions on one of Russia's largest transport companies

EU imposes sanctions on one of Russia's largest transport companies
Author: Daryna Vialko

The European Union has imposed sanctions on one of Russia's largest transport companies TransContainer, according to the EU's official journal.

The EU has imposed economic sanctions on TransContainer's General Director Mikhail Kontserev.

TransContainer is the largest railway container operator in Russia. According to the EU, the company's profit increased in 2023, partly due to the transit of Belarusian cargo to Russian ports.

Additionally, TransContainer provides services at a new terminal of the Alabuga Special Economic Zone, which is associated with the supply of Shahed-type kamikaze drones used by Russia to attack Ukraine.

Furthermore, the company is linked to the supply of weapons from North Korea and the logistical support of the war in Ukraine.

Public sources reveal that TransContainer has over 40,000 fitting platforms for container transportation and more than 140,000 containers. The firm operates 40 container terminals in Russia.

The EU has also imposed sanctions on the Russian financial services firm LLC Titul and its owner Dimitry Beloglazov. Russian companies Iliadis and Rasperia Trading Limited were added to the sanctions lists as well.

EU sanctions against Russia

Since the beginning of the full-scale war, the European Union has imposed 14 packages of sanctions against Russia for its aggressive war against Ukraine. The latest package was introduced this week. It included Russian propagandists, actors, singers, the mother of Chechen leader Ramzan Kadyrov, as well as Russian security officials from the Federal Security Service.

For more details on who is on the EU sanctions list, see the material by RBC-Ukraine.