International crude oil prices slightly increase on Apr 24
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Update time : 2025-04-25 16:21:37
The National Association of Extractive Industries of Ukraine (NAEIU) expressed strong concerns over a proposed 37% increase in Ukrainian Railways (UZ) freight tariffs. If implemented by May 1, the hike could add UAH 17.5 billion in costs to the industry by year-end, more than 100% of rail transport costs over the past three years of the war. This tariff rise would severely impact the mining, metals, and coal sectors, potentially costing the iron and steel industry UAH 6.4 billion and coal companies UAH 1.6 billion.
The National Tax Administration warns of broader economic consequences, including higher production costs, reduced competitiveness, and possible production slowdowns. The increased tariffs could also drive businesses to seek alternative logistics routes, threatening UZ's cargo turnover and potentially leading to regional socio-economic instability.
The NAEIU is calling for a meeting with UZ management to find a balanced solution that supports financial stability without crippling industry competitiveness or causing widespread job losses.
