Key potential threats to Russian Railways
A slowdown in growth or a decline in domestic shipment volumes due to the slowing of industrial production in the country.
A reduction in state budget expenditures to support the development and operation of railway transportation that leads to decreased carrying capacity combined with a high level of wear and a substantial number of bottlenecks.
Tariff restrictions, insufficient compensation from all budgets and uncertainty in the state tariff policy with respect to railway transportation.
Increased competition in traditional and potential income-generating segments of the domestic transportation market and abroad. Increased competition from road, pipeline and water transportation
Diminished carrying and processing capacity of infrastructure due to growth in the empty runs of private railcars on the main routes of the network.
A disruption of technological communications as a result of the sale of a controlling (blocking) stake in the S&A of Russian Railways.