Is the Russian railway industry facing a crisis?
The Russian railways sector may face the deepest crisis in its modern history. The ongoing war between Ukraine and Russia and unprecedented sanctions imposed on Russia may throw back the industry for decades. However, there are sectors of growth too.
Export hit hardest
So far, Western sanctions have already led to a significant drop of cargo traffic on Russian railways, particularly on its outbound flows, which fell by almost 16 per cent, year-on-year.
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