Management of Freight One, Russia’s largest rail freight operator, is falling into the hands of the state-owned VTB Bank. As the state bank takes over…
Category: Russian Railways
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,…