Ukraine needs to rethink Ukrzaliznytsia’s business model and index freight rates – EBRD

Ukrzaliznytsia’s business model, which relied on cross-subsidizing passenger transport with freight revenue without state funding, has reached its limit during the war and amid falling transport volumes and requires change; and a decision must also be made to adjust freight rates, which have not changed since 2022, according to EBRD’s Deputy Director in Ukraine Mark Magaletsky, who oversees the infrastructure sector.