Lithuanian Railways Hit by Lower Russian Transit
- New Europe Investor
- July 17, 2015
A lower amount of goods being transported from Russia to its Kaliningrad via Lithuania is having an effect on Lithuanian Railways’ revenue.
Lithuanian newspaper, Lrytas reports that the rail transit of goods to Kaliningrad through Lithuania is down 18% for the first half of 2014 compared to the same period last year.
In the first half of this year, it is reported to have cost Lithuanian Railways €6.6 million in transit revenues compared to 2014.
Food transit has fallen 24% with coal transit falling 31%.
Oil and oil related products that were transported in the largest numbers have fallen 23%. Other machinery and equipment transit has fallen 2.2% the newspaper reports.
It is unknown what proportion of the lower transit of goods on Lithuanian Railways is down to Russia’s economic situation. It is likely that Kaliningrad is using other means to transport goods from Russia, bypassing Lithuania.