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RUSSIAN RAILWAYS: EVENTS IN UKRAINE HAVE REDUCED FLOW OF PASSENGERS USING RUSSIAN RAILWAYS' SERVICES
by Alexandr Avanesov
Wednesday, March 4, 13:21
The events in Ukraine reduced the flow of the passengers using
Russian Railway's services, Oleg Nikitin, Deputy Director General of
the Federal Passenger Company (subsidiary of Russian Railways) told
ArmInfo during the 15th meeting of the CIS Council for Rail Transport
(CRT) Passenger Commission, which started on March 4 in Yerevan.
He said that the passenger flow with the CIS countries has dropped
by 45%, which is "an immense reduction". The events in Ukraine have
also restricted the travel behavior. "I hope this is a temporary
phenomenon. The situation will shortly change for the better, I hope",
he said.
The exchange rate fluctuations have also played a role in reduction
of international passenger flow. In response to the rise of the Swiss
franc (CHF) rate, the company and its partners from Belarus reduced
the tariff by 30%. The issue is also being discussed with Baltic and
other countries, including Kazakhstan and Tajikistan. "The company
is ready to consider all suggestions", stressed Nikitin.
To note, Russian Railways pays for the foreign infrastructure in CHF.
Experts say that if the average rise in CHF exchange rate has been 30%
over the past three months, the prices will grow by 30%. This will
certainly affect the costs of cargo transportation and passenger
operations.
http://www.arminfo.am/index.cfm?objectid=2F317B00-C258-11E4-A9290EB7C0D21663
From: Baghdasarian
by Alexandr Avanesov
Wednesday, March 4, 13:21
The events in Ukraine reduced the flow of the passengers using
Russian Railway's services, Oleg Nikitin, Deputy Director General of
the Federal Passenger Company (subsidiary of Russian Railways) told
ArmInfo during the 15th meeting of the CIS Council for Rail Transport
(CRT) Passenger Commission, which started on March 4 in Yerevan.
He said that the passenger flow with the CIS countries has dropped
by 45%, which is "an immense reduction". The events in Ukraine have
also restricted the travel behavior. "I hope this is a temporary
phenomenon. The situation will shortly change for the better, I hope",
he said.
The exchange rate fluctuations have also played a role in reduction
of international passenger flow. In response to the rise of the Swiss
franc (CHF) rate, the company and its partners from Belarus reduced
the tariff by 30%. The issue is also being discussed with Baltic and
other countries, including Kazakhstan and Tajikistan. "The company
is ready to consider all suggestions", stressed Nikitin.
To note, Russian Railways pays for the foreign infrastructure in CHF.
Experts say that if the average rise in CHF exchange rate has been 30%
over the past three months, the prices will grow by 30%. This will
certainly affect the costs of cargo transportation and passenger
operations.
http://www.arminfo.am/index.cfm?objectid=2F317B00-C258-11E4-A9290EB7C0D21663
From: Baghdasarian