News / Hard-hit Russian Railways hikes prices to help pay for new locos

Photo: Russian Railways

Russian Railways (RZD) will impose a near-14% tariff hike next month in a bid to offset significant investments over the coming years, including new locomotives.

The state-backed rail operator will raise tariffs by 13.8% from 1 December, and there are reports it will also up its container rates by 5% next year, with rates in Belarus set to rise by the same percentage.

The news comes at an awkward time for Russian rail providers, the country ...