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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