1 Sep 2014 12:41

RZD to adjust tariff expectations in line with new inflation forecast

ST. PETERSBURG. Sept 1 (Interfax) - Russian Railways (RZD) has adjusted its expectations concerning freight tariff indexation for 2015 in light of the revised inflation forecast.

"[An inflation forecast] at 7.2% is a lot different than 6%, and understandably, the 10% we assumed given the minimal subsidy of 45 billion rubles will now undergo certain adjustments," RZD First Vice President Vadim Morozov said in St. Petersburg on Monday.

He added that precise figures might be announced "today in Yakutia or over the course of governmental review."

"Naturally, the main thing is that we have been forced to follow these trends, otherwise we may get behind in our development," Morozov said.