Category: Russia

Russia and Belarus to harmonise rail freight tariffs

Russia and Belarus will unify rail tariffs. Reportedly, the two countries are already working on the implementation of the measure. Most likely, it will lower tariffs on the Russian network. Russia and its steadfast ally Belarus are on a path of deepening integration within the framework of the so-called Union State. The two countries are…

Tajikistan looking for 7,5 billion dollars in funding for rail

Tajikistan seems to be hopping onto the bandwagon for rail infrastructure in Central Asia. The country is looking for 7,5 billion dollars (7 billion euros) in investments for its rail network. The Tajik rail infrastructure is underdeveloped yet crucial for the country’s international trade. At an economic forum in the Russian city of Kazan, the…

Middle Corridor countries discussing 50% tariff discount

The Middle Corridor is too expensive as a competitive alternative to other transport corridors that connect Europe and China. In an effort to boost the route’s attractiveness, involved countries are now discussing a fifty per cent discount on tariffs along the route. Five countries that are part of the Middle Corridor are currently taking part…

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,…

New government setup is supposed to enhance Russian rail

Russia is shuffling its government leadership for the transport sector in order to streamline the development of the country’s transport and logistics. Alongside the traditional transport minister, Russia will now also have former transport minister Vitaly Savelyev as the new deputy Prime Minister for Transport. The two will prioritise the development of the “Eastern Polygon”…

Development of INSTC proceeds with Rasht – Astara and Azeri terminal

The International North-South Transport Corridor (INSTC) is taking another step forward in its development. Russia and Iran are moving forward with the realisation of the Rasht – Astara railway and Azerbaijan has laid the foundations for freight transportation with a new cargo terminal. The conclusion of an agreement between Russia and Iran on the Rasht…