Ukrainian Railways has prepared a recovery plan to raise freight tariffs to manage debt amidst Russian attacks and declining cargo deliveries. The company, employing 170,000 people, has seen cargo traffic nearly halved with rising operation costs due to war damage. Without approval of the recovery plan, a $728-million injection from the state budget is needed to cover low tariffs, repairs, and debt payments next year. Traditional revenue models are no longer sustainable, and the loss of Russian cargo transit, upcoming payments, and costly repairs have prompted the need for action. The company is in negotiations with debtholders as it faces significant payments next year.

Read more at Yahoo Finance: Exclusive-Ukrainian Railways plans freight tariff increase to tackle debt