According to the Ministry of Finance, Ukrzaliznytsia will be unprofitable over the next three years., Ukrzaliznytsia will operate at a loss until 2025.


Such conclusions were published by the Ministry of Finance of Ukraine in the document “Information on Fiscal Risks and Their Impact on State Budget Indicators in 2022”, reports Railway Supply magazine.

It is noted that the modeling of the performance results of JSC Ukrzaliznytsia was carried out on the basis of the company’s information regarding the expectations for 2021-2024.

Two scenarios were considered:

  • basic (taking into account the company’s expectations),
  • pessimistic (the forecast for the growth of consumer prices and producer prices is taken into account).

In accordance with the baseline forecast, Ukrzaliznytsia will reduce losses from UAH 11,900 million (in 2020) to UAH 725 million in 2021.

At the end of 2022, losses will reach UAH 967 million. At the same time, in 2023 they will grow strongly – up to UAH 2,623 million, and in 2024 they will again decrease to UAH 724 million.

According to the pessimistic scenario, losses in this period will reach from UAH 852 million (in 2021) to UAH 2,953 million (in 2024).

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