Topic: EU sanctions

EU imposes sanctions on Russia, what do they mean for rail freight?

The EU has officially adopted sanctions against Russia after the invasion of Ukraine. The European Council decided to enforce “massive and severe consequences” for Russia that can be summarised in five main pillars: financial sector,...Read more

25-02-2022|3 comments|author: Nikos Papatolios

Belarus wants to ban the transit of EU products heading to China

Political tension between the EU and Belarus is reaching a climax. Rail freight transport could be among the sectors to suffer the most from this development. This scenario is not far from the reality since...Read more

07-07-2021|Comment|author: Nikos Papatolios

LG Cargo train, source: Lithuanian Railways

Lithuanian Railways will lose millions from EU sanctions on Belarus

The Lithuanian Railways will lose approximately 24 million on yearly revenues due to the EU regulations imposing sanctions on Belarus. The losses concern the railway activities of LTG Cargo and LTG Infra that will see...Read more

30-06-2021|Comment|author: Nikos Papatolios