MOSCOW, March 31. /TASS/. Net profit of Russian Railways under International Financial Reporting Standards (IFRS) amounted to 50.67 bln rubles (615 mln) in 2021 compared to 6.28 bln rubles worth of net loss in the previous year, according to the holding’s report released on Thursday.

Revenue rose by 10.9% in 2021 compared with 2020 to 2.5 trillion rubles ($30 bln). EBITDA increased 1.2-fold last year to 503.82 bln rubles ($6.1 bln).

Russian Railways has been sanctioned since the end of this February. The US banned transactions with the holding’s debt obligations issued until March 26, 2022 with maturity period exceeding 14 days. Russian Railways has been unable to raise borrowings in Europe since February 26 due to the EU’s sanctions.