Structural Changes and New Priorities in Russia's Transport Sector

Russia is implementing significant government-led changes in the transport sector to accelerate the country's development of transportation and logistics. Alongside the traditional transport minister, former Transport Minister Vitaly Savelyev has been appointed as the new Deputy Prime Minister for Transportation. The pair will prioritize the development of the "Eastern Polygon" and international railway corridors.

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Following the inauguration ceremony marking Vladimir Putin's fifth presidential term, Russia's president made notable changes to his cabinet. Among the changes was the creation of the position of Deputy Prime Minister for Transportation. Vitaly Savelyev, who previously served as transport minister in the government, has been appointed to this new position. Roman Starovoyt became the new Transport Minister.

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A government official noted that previously several deputy prime ministers were responsible for transport development, a situation that negatively affected decision-making speed. However, he emphasized that it is now critical that decisions be made rapidly.

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Key Points

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1. Vitaly Savelyev's appointment as Deputy Prime Minister for Transportation and Roman Starovoyt becoming Transport Minister.

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2. Prioritization of development of the "Eastern Polygon" and international railway corridors.

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3. The growing importance of the transportation and logistics sector in the country's economy and the need to strengthen its interaction with other economic sectors.

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4. Plans for the International North-South Transport Corridor (INSTC) and a new railway corridor connecting through Central Asia to the Indian Ocean.

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News Link: https://www.railfreight.com/railfreight/2024/05/21/new-government-setup-is-supposed-to-enhance-russian-rail/