In the context of the International Economic Forum, which is being course in St. Petersburg, Albert Likholet, Managing Director of the Russian terminal operator Global Ports, has signed with the governor of the Leningrad Region, Alexander Drozdenko, a agreement to implement by 2033 the second and third phases of the construction project of the Ust-Luga Container Terminal (ULCT), the Federation's first deep-water container terminal Russia in the Baltic region, which became operational in the 2011 and which is 80% owned by Global Ports and 20% from the German Eugote ( of 30 December 2011).

Drozdenko announced that the planned investment is nearly 50 billion rubles ($560 million) and will allow to increase traffic capacity to 25 million tonnes per year of containerised cargo, but also of conventional and bulk cargo, compared to the current capacity to traffic of five million tonnes.