Russian Railways loses around 10 per cent of cargo since the war
Russian Railways has lost a rough 10 per cent of its cargo volumes since the start of the war. The volume of cargo transportation on the Russian railway network collapsed by 125 million tons, Oleg Belozerov, head of the company, was quoted as saying by the Moscow Times, citing the restrictions imposed since the war as the reason.
In 2021, Russian Railways loaded 1,282.9 million metric tons of cargo. It is not clear whether the figures mentioned by Belozerov are measured in tons or metric tons, but if so, the lost volumes account to 9.7 per cent. If measured in US tons, the loss accounts to 8 per cent.
No delivery to ‘unfriendly countries’
In any case, the 125 million tons is the share of cargo not “delivered to recipients from unfriendly countries”, the Russian Railways chief explains. At the same time, a little less than half of the lost export volumes – 60 million tons, were redirected to “friendly countries”.
Since the beginning of the year, the Russian government has injected more than 300 billion rubles into the company’s capital. By the end of the year, Russian Railways is planning to raise capital by another 217 billion rubles, Russian Transport Minister Vitaly Savelyev announced on November 10 according to the Moscow Times.