Press releases

Press releases

RUSAL and Russian Railways announce the signing of a cooperation agreement

St. Petersburg, 6 June 2019 – RUSAL (486 Hong Kong, RUAL Moscow Exchange), one of the largest aluminium producers in the world, and Russian Railways (RZD), one of the three largest transport companies in the world, announce the signing of a cooperation agreement for the rail transportation of agreed cargo volumes.

Under the agreement, which was signed at the St. Petersburg International Economic Forum, RUSAL intends to present the cargo in accordance with pre-agreed schedules with the Russian Railways. The Company will also consider the possibility of keeping the shipment volumes at the level of 2018.

Russian Railways OJSC intends to transport RUSAL’s cargo in agreed volumes as well as to implement a flexible tariff policy that is mutually beneficial for both parties in accordance with the Russian Federation legislation.

The agreement was signed by Oleg Belozerov, Chief Executive Officer – Chairman of the Executive Board of RZD, and Evgenii Nikitin, Chief Executive Officer of RUSAL.

“RUSAL has always been interested in establishing long-term mutually beneficial cooperation with Russian Railways, our long-standing and reliable partner. This agreement will further reinforce our business relationship, allowing us to optimize logistics and ensure the stable operation of enterprises and the development of the supply chain to customers,” commented Evgenii Nikitin, CEO of RUSAL.

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