Reported 1 day ago
State-owned Ukrainian Railways is preparing a recovery plan that includes raising freight tariffs to manage its significant debt resulting from a decline in cargo traffic and rising operational costs due to the ongoing war with Russia. With cargo volumes almost halved since early 2022, the company faces a potential budget shortfall unless the plan is approved, which could lead to a state budget injection of $728 million. Despite criticisms from key customers regarding the proposed tariff hikes, the company emphasizes the need to adapt to new market realities.
Source: YAHOO