Latvijas Dzelzceļš will fight to maintain cargo transit volumes
Latvijas Dzelzceļš is currently trying its best in order to ensure the volume of different types of cargo from Russia remains unchanged, says the head of LDz Uģis Magonis.
In his interview to Rīta Panorāma programme of LTV, he explained that it was initially planned to handle 55 million tons of cargo from Russia at the beginning of the week. Now it is estimated that there will be one million less.
He nevertheless said the situation should not be over-dramatized, adding that sanctions against Russia will not affect LDz’s ability to work with Russian cargo. This means LDz will continue working in conditions of competition, and ‘Russia has other roads it can use for transit’.
‘We are currently fighting in order to make sure the volume of Russian cargo does not decrease. We are trying to maintain the current level,’ – as Magonis explained the current situation, adding that he does not expect the volume to reduce.
He admits that there are no alternative markets to that of Russia. The Chinese market is being considered at the moment, but there are too many uncertainties about the flow of cargo. Export of grains from Kazakhstan is made complicated because of high fees in Russia and the long road to Latvia. This is why it is more convenient for Kazakhstan to export grains to China.