Ukraine’s railway must hike tariffs to restore finances after surge in Russian attacks

Ukraine’s state railway needs to increase its freight tariffs by at least 45% this year to help restore its finances and conclude a debt restructuring following a sharp escalation in Russian attacks on its infrastructure, the company’s CEO said. 

Why it matters

With the war with Russia now in its fifth year, the railway remains a vital part of Ukraine’s logistics network, carrying both freight and passengers. However, increased spending on security and infrastructure maintenance is pressuring its cash flow at a time when it is trying to restructure its debt.