Russian exports of petrol via rail have been halved in March. The export reduction follows an embargo that the Kremlin introduced. It implemented the embargo to curb domestic fuel shortages. Russia introduced a fuel export ban on 1 March. The ban aims to mitigate the country’s ongoing fuel shortage, which has led to rising prices.…
Category: Russia
Russia to spend an additional trillion rubles on ‘Eastern Polygon’ lines
Russia will spend an additional one trillion rubles (10 billion euros) on the Trans-Siberian and Baikal-Amur railway lines. The extra financial injection is part of an infrastructure upgrade plan in Russia’s Far East. On 27 March, Russian Railways and the Russian transport ministry agreed on a framework for upgrades until 2035. The Russian transport ministry,…
Russian Railways’ revenue grows to 3 trillion rubles in 2023
Russian Railways’ (RZD) revenue has grown to 3 trillion rubles (30 billion euros) in 2023. This is an increase of 16 per cent. The growth in revenue is mostly driven by higher income from freight transportation and track access charges. RZD’s head presented last year’s financial data at a meeting with Russia’s transport ministry on…
Latvian petition against manganese ore export to Russia gaining momentum
A petition to ban the export of manganese ore to Russia is picking up the pace in Latvia. The public initiative gathered a third of the required signatures for a parliamentary debate in a single week. The Latvian rail sector has suffered from sanctions on Russia, but public opinion is heavily in favour of them.…