Duisport pulls the plug on all business in Belarus
The Duisburger Hafen immediately ceases all business activities in Belarus due to the country’s involvement in the war in Ukraine. This also includes its stake in the Great Stone Industrial Park.
The Duisport terminal is divesting its minority interest (of 0.59 percent) in the international development company of the Great Stone Industrial Park. The stake in Eurasian Rail Gateway CJCS (of 38.9 percent) that planned the construction and operation of a intermodal terminal will also be divested. The representative office in Minsk is already closed.
Sending a signal
Duisport Director Markus Bangen says: “We are closing this chapter of our engagement in Belarus without reservation. In the current situation, it is important for us to send a signal by severing all business ties with Belarus and conducting concrete negotiations with our fellow shareholders on the exit from the companies.”
The German port acquired a stake in Great Stone Industrial Park in 2018. The majority of the promising hub belongs to the Chinese companies of China CAMC Engineering, Sinomach, China Merchants, Harbin Investment Group (68 per cent) and the Government of Belarus (31 per cent). It is expected to be play an important role on the New Silk Road.