VITALY KOROLEV: FAS WILL WATCH THAT PARTICIPANTS OF THE MARINE TRANSPORT MARKET DO NOT AVOID TRANSITION TO TARIFFS IN RUBLES

12-09-2018 | 16:02

Deputy Head of FAS discussed a symbiosis of railway transport and seaports and explained regulatory specifics

 

“All market participants support introducing a long-term tariff for railway carriage because it enables investors to calculate the costs of the goods that they sell, particularly, for export”, said Deputy Head of FAS Vitaly Korolev at the session on “Port infrastructure: new opportunities for investors” at the Eastern Economic Forum 2018.

 

“Coal accounts for more than 50% of our export freight. The state pays careful attention to it. For instance, on 27 August the Commission for Strategic Development of the Fuel-and-Energy Complex and Environmental Safety under the President of the Russian Federation took place in Kemerovo. The Commission pointedly discussed the goals and the way to develop railway infrastructure and expand its capacity for transporting coal for the ports in Russian Far East”, added Deputy Head of FAS.

 

“It should be pointed out that the current conditions for coal export are quite favourable. The coal costs are at their maximum. As a result, along with modern high-technology ports, a lot of transshipment sites emerged, with which preventative work should be done so they do not violate the antimonopoly law”, informed Vitaly Korolev.

 

Deputy Head of FAS discussed in detail the Law on transferring port tariffs in Rubles.

 

“It sets a requirement for billing seaport services in Rubles rather than in foreign currency as before. There are also transitional provisions enabling private investors that took credits or loans for developing the port infrastructure in foreign currencies, to discharge the debt and then shift to Ruble tariffs after paying back the loans, but no later than 2025”, continued Vitaly Korolev. “The Antimonopoly Service will watch that particular market players would not use the law to avoid transition to the tariffs in Rubles. Overall, we believe that the transition is a right measure especially because it concerns already all segments of market economy”.

 

Continuing the theme of legal regulation over the transportation sector, Deputy Head of FAS stated that in FAS opinion the investment fee introduced by the Law on seaports must be charged from the companies that lease public property in ports.

 

“Private investors and ports in the Far East and the Arctic basin should be free from investment charges”, emphasized Vitaly Korolev.

 

Finally, Deputy Head of FAS outlined the efforts towards non-discriminatory access to the services of seaports and railway carriage, and asked market participants to forward their proposals to FAS on improving them for further public discussions.