Ukrzaliznytsya tariff hikes, especially for renting freight cars, will cost businesses $750 million

Ukrzaliznytsya tariff hikes, especially for renting freight cars, will cost businesses $750 million warns Sergei Belenky, Chairman of Ukraine’s Federation of Metallurgists. He tells 112.ua: “Most industrialists cannot increase their selling prices: they work in very competitive markets. Companies will constantly reduce their profitability, and if it reaches negative values, it will stop enterprises.” In Ukraine, freight subsidizes passenger traffic. On Aug. 29, the State Regulatory Service is to review a Infrastructure Ministry draft order that would nearly double freight tariffs.