Russian Railways to meet all 2026 freight loading targets — official

Business & Economy October 23, 17:11

Vadim Mikhailov noted that once the board agrees on next year's loading volumes and concludes discussions with ministries and government agencies, the operating and investment budgets will be drafted

ISTANBUL, October 23. /TASS/. Russian Railways will meet all freight loading and revenue targets set by its board of directors for the current year, Deputy CEO of the holding company Vadim Mikhailov told reporters on the sidelines of the Verona Eurasian Economic Forum.

"In terms of loading, it is too early to talk [about the year-end results - TASS] <...>, but all the loading and revenue targets set by the board of directors will be met," he said.

Mikhailov noted that once the board agrees on next year's loading volumes and concludes discussions with ministries and government agencies, the operating and investment budgets will be drafted.

"The discussion is currently difficult because cargo volumes are being verified with shippers, and the forecast is being reviewed at the top level. <…> Therefore, it is very hard to say now what the final loading volume will be," the Russian Railways official added.

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