Russian Railways to raise freight fares 3.8%

UrBC, Moscow, April 22, 2011. Russian Railways are planning to raise its freight fares by 3.8% in the year 2011, RBC refers to the company’s head Vladimir Yakunin as saying.

‘My proposal is to go with a 3.8% indexation and to consider some additional subsidies in the year 2012 to make sure the company can meet its goals. We can provide 40bn RUR ourselves (which will also cover taking out a loan) and we expect the government to allocate another 40bn RUR using the budgetary resources,’ he declared.


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