Category: Russia

Low freight volumes: Russian Railways loses up to 50 billion rubles

Freight volumes on the Russian rail network keep falling. Russian Railways (RZD) likely incurred a 50 billion ruble loss due to the decline over the first months of 2024. The trend is unlikely to reverse soon. For the past seven months, freight volumes on the Russian rail network have been in decline. According to Forbes.ru,…

New government setup is supposed to enhance Russian rail

Russia is shuffling its government leadership for the transport sector in order to streamline the development of the country’s transport and logistics. Alongside the traditional transport minister, Russia will now also have former transport minister Vitaly Savelyev as the new deputy Prime Minister for Transport. The two will prioritise the development of the “Eastern Polygon”…

Development of INSTC proceeds with Rasht – Astara and Azeri terminal

The International North-South Transport Corridor (INSTC) is taking another step forward in its development. Russia and Iran are moving forward with the realisation of the Rasht – Astara railway and Azerbaijan has laid the foundations for freight transportation with a new cargo terminal. The conclusion of an agreement between Russia and Iran on the Rasht…