Sanctions hit core operations of Estonian Railways

Photo: Wikimedia Commons. Ivo Kruusamägi

Estonian national rail operator Eesti Raudtee claims it lost over 20 million euros in 2022, mostly due to the sanctions that the EU applied on Russia and Belarus. The Estonian government is ready to mitigate 12 million euros, leaving 8 million of losses uncovered. According to the company, “the deficit for 2023 is expected to be even higher, at 25 million euros”.

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Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

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Sanctions hit core operations of Estonian Railways | RailFreight.com

Sanctions hit core operations of Estonian Railways

Photo: Wikimedia Commons. Ivo Kruusamägi

Estonian national rail operator Eesti Raudtee claims it lost over 20 million euros in 2022, mostly due to the sanctions that the EU applied on Russia and Belarus. The Estonian government is ready to mitigate 12 million euros, leaving 8 million of losses uncovered. According to the company, “the deficit for 2023 is expected to be even higher, at 25 million euros”.

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

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