Ukrzaliznytsia plans to issue a Eurobond this year,

Tuesday, April 13, 2021

to partially cover for a disastrous 2020. Largely due to the coronavirus, a $110 million profit in 2019 turned into a $430 million loss in 2020, according to the State Railroad’s recently released Annual Report. Revenues from freight transportation were down 10% yoy to $220 million in 2020. Passenger revenues dropped 58% yoy to $148 million.

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