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Concorde Capital’s Alexander Paraschiy notes the announcement comes as UZ markets this week a 5-year, $300 million Eurobond.

Thursday, July 8, 2021

He writes: “There is still a high chance that the final version of the resolution (if any) will imply a lower rates upgrade due to expected lobbying pressure from key railway customers (iron ore and coal companies, grain traders). However, any increase of freight rates will be beneficial for Ukrainian Railways.”

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Cargo on the Dnipro River increased by 64% yoy in the first half of this year,

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Agriculture

Vowing a “record increase in tariffs,” Infrastructure Minister Alexander Kubrakov plans to raise iron and coal rail freight rates to those of grains.

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