Maersk sells logistics sites in Russia – report ...News

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The shipping giant has been winding down its business activities in the sanctions-hit country Danish shipping and logistics group A.P. Moller-Maersk announced on Monday it has agreed to sell its two logistics sites in Russia to Cyprus-registered company IG Finance Development. The move is part of the company’s efforts to completely pull out of the country. According to the company’s press release, the sale of an inland depot in Novorossiysk, with capacity of 1,500 containers, and a chilled and frozen warehouse in St. Petersburg, has obtained regulatory approval in the European Union and Russia. “We are pleased to

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