Yahoo News Russian Railways calls Finland's train seizure unlawful
Russian Railways accused Finland's state-owned railway company VR of illegally seizing four passenger trains co-owned through a joint venture that ran between the two countries prior to March 2022, Reuters reported on Dec. 15.
The Allegro trains were seized after more than 18 months of negotiations without any result, VR said, noting that Russian government had neglected its financial obligations to the Karelian Trains joint venture, and redeemed Karelian Trains' loans to Finnish banks when the venture faced bankruptcy in June 2023, gaining rights that allowed it to seize the trains.
"Repeated proposals by Russian Railways to resume the operation of Allegro trains under the existing framework agreements were not accepted by the Finnish side," Russian Railways said.
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"The unlawful actions of VR and the Finnish management of Karelian Trains led to the insolvency of the latter."
Allegro trains are tilting high-speed trains also known as Sm6. Each consist of seven carriages. The trains are expected to be put into service in domestic long-distance travel in Finland from 2025.
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Read the original article on The New Voice of Ukraine
