Gennady Timchenko shares the coal.

Chinese CHEC will become his partner in "Colmar" and "Sahatrans".

"Colmar" and "Sahatrans", implementing the commodity and logistics projects in the Far East valued at at $ 2.8 billion, controlled by Gennady Timchenko, who fell under the U.S. sanctions, have found a partner in the Chinese China Harbour Engineering Co. The parties will establish a joint venture, where the Chinese will have a blocking stake in exchange for money and technology. "The Kommersant" sources state, that one of the possible reasons for their admission into the projects is the political risks associated with the supply of equipment from Germany.

Gennady Timchenko’s Volga Group entered into an agreement with the China state Harbour Engineering Co (CHEC) on its aquiring a share in the coal "Colmar" and transport "Sahatrans" (controlled by the Volga) capital. Mr. Timchenko, the newly appointed co-chairman of the Russian-Chinese Business Council, announced this yesterday on the sidelines of PMEF. According to him, the Chinese can enter the projected capital of Port Sukhodil (the parity of the Volga Company with the SBA holding).