News / Estonian rail freight volumes collapse as state operator obeys sanctions

Photo: Operail

Sanctions against Russia have almost obliterated Estonia’s state-owned rail freight operation, with Operail reporting volumes for the first six months down by 83%.

The collapse to just 1.1m tonnes has led it to consider privatisation, ebitda for the period having dropped to just €200,000, amounting to a net loss of €3.1m.

CEO Raul Toomsalu said: “Operail does not support the aggressor nation [Russia] in any way. [But] the war inevitably grants a significant business advantage to ...