Press
Relations between Russia and the Netherlands are going through hard times. Nevertheless, despite the fact that the Netherlands, as part of the European Union, has also imposed sanctions against Russia, the entrepreneurs of the two countries do not intend to surrender their positions to competitors. In an interview with RIA Novosti, Alexander Cherevko, the Russian Trade Representative in the Netherlands, talked about how they will be able to do this....
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We met with Ziyavudin Magomedov, chairman of the board of directors of the Summa Group, during the APEC Summit in Beijing. The Big Port Zarubino, being implemented by the Summa Group (see Chernovik №26 of 07.04.14 – editor’s note), is not just a business project, but also an important strategic point of contact between Russia and China....
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The parties have signed an agreement of intent. Under the agreement the Chinese company CMHI will become a minority shareholder of the port, announced Ziyavudin Magomedov, owner of the Summa Group. Mr. Magomedov did not specify how the transaction will be structured or the amount of the shares that CMHI will purchase....
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Summa Group, headed by Ziyavudin Magomedov, today should be signing an agreement with the Chinese province of Jilin for the construction of a “dry” (inland) port in the border-city of Hunchun. This will be a satellite logistics center of the Big Port Zarubino, which Summa is planning to build in the Primorsky Territory in 2018. In this “dry port”, the Group expects to handle up to 40 million tons of cargo each year, and then forward it by rail to Russia. The “dry port” will cost Summa around $300-350 million to build. According to analysts, for this project in Hunchun, Summa will have access to Chinese low-interest credit financing....
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