Support The Moscow Times!

Freight One Sells Cars

The board of directors of Freight One has approved the sale of 10,000 used tank cars for carrying crude oil and oil products to Transoil for an undisclosed price.

The company said Transoil is buying the tank cars "at a market price determined by the parties taking into account the report of the independent appraiser."

Transoil plans to finance the deal with its own funds, Interfax reported Friday. Analysts say the value of the 10,000 railcars, depending on how long they have been operated, might be about 10 billion to 12 billion rubles ($313.5 million to $376.2 million).

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.