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Russian president calls for raising 2015 Russian Railways cargo tariff by 10%

July 10, 2014, 10:32 UTC+3 MOSCOW
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MOSCOW, July 10. /ITAR-TASS/. President Vladimir Putin has ordered the government to approve a plan allowing Russian Railways to raise 2015 cargo transportation tariffs by up to 10% within two weeks, according to documents published on the Kremlin’s official website late Wednesday.

The government earlier froze the growth of natural monopolies’ tariffs, including Russian Railways, for 2014 to hold down inflation, as well as ruled to hold the tariff growth in 2015-2016 in line with the inflation for a previous year.

Russian Railways expects to receive an 80 billion rouble ($2.3 billion) loss in 2014 and a 100 billion rouble ($2.9 billion) loss in 2015 as the result of the tariff policy changes, its executives said earlier.

Putin also ordered the government to consider allowing Russian Railways to raise tariffs for some kinds of cargo in 2014.

 

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