AP Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, the company has confirmed.

Maersk said the divestment of the two sites was a consequence of the company’s decision made in March 2022 to discontinue activities in Russia.

The inland depot in Novorossiysk is a facility of 28,750 sq metres with a capacity of 1,500 teu and specialises in handling commercial cargo such as grains from railway wagons to sea containers.