Russian Railways to raise freight rates significantly

The current proposal of Russian Railways is either to index tariffs by 17.2% in total, but to index them by 3.6% from November 1, 2024, and then index them by another 13% from January 1, 2025, or to conduct a one-stage indexation of 22.7% from January 1. In the first case, this will ensure financing of the investment program for 2025 in the amount of 1.1 trillion rubles - the minimum, in the opinion of Russian Railways, necessary amount - and in the second case - in full 1.8 trillion rubles.