Duisburger Hafen AG is ceasing all business activity in Belarus with immediate effect.
This decision was taken in view of the war in Ukraine and the support of this war by Belarus, duisport wrote in its statement.
Duisport will divest both its minority stake (0.59 per cent) in the international development company of the industrial and logistics park Great Stone as well as its stake in Eurasian Rail Gateway CJCS (38.9 per cent) that planned the building and operation of a bimodal terminal.
The port operator’s representative office in Minsk has already been closed.
“Our thoughts are with the people in Ukraine and we hope for a quick end of the war,” said duisport CEO Markus Bangen.
“We unreservedly close this chapter of our engagement in Belarus. We have already been critically questioning our activities there since the elections in 2020 and upon instigation by the Chairman of Supervisory Board have reviewed our course of action.
“However, as an international consortium, we were not able and are not able to take steps unilaterally. In the current situation, however, it is all the more important for us to send a message by cutting all business ties with Belarus and conducting specific negotiations with our co-shareholders regarding the exit from the companies,” added Bangen.
The Port of Duisburg neither conducts business in Russia or Ukraine nor does it have any holdings there.
Duisburger Hafen AG owns and manages the Port of Duisburg, the world’s largest inland port.