What the decline in RZD rail transport indicates
Freight traffic on the RZD rail network — russia’s railway transport monopoly — declined even more sharply than expected in the first quarter of 2025: by 7.2% instead of the projected 5.5%. The steepest drops were recorded in grain transport (-30.8%), construction materials (-23.2%), cement (-13.5%), metal (-13.1%), and oil (-5.9%). ▫️ This indicates a…