RZD profits rise as more freight traffic moves to the railways
Russia is continuing to develop its rail freight capacity, part of its eastern pivot after ...
Next year, Russian seaports could find that they must use the rouble rather than the dollar, following an instruction from the Kremlin. Services in many Russian seaports – which are government-owned – are offered in US dollars. Last year Russia’s antitrust watchdog sued NMTP, the largest Russian ports group, for setting tariffs for transhipment in dollars. It was initially fined $165m, but the decision was overturned. However, next year it looks likely that shipping companies will need to buy roubles if they want to continue serving Russia’s ports.
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