Gefco back on track after cutting ties with Russian Railways


 

International logistics firm Gefco has described how its global business became "exceedingly difficult" following the invasion of Ukraine by Russia, due to its association and links with state-owned rail firm Russian Railways.

In its latest set of financial results, the haulage and shipping giant said its ultimate parent undertaking was placed under sanction controls on 24 March by the US, EU and UK authorities after the illegal invasion.

Gefco UK said the authorities agreed that these sanctions should not impact [...]



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