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In 2020 Ukrzaliznytsia suffered losses of UAH 11.9 billion

In 2020 Ukrzaliznytsia suffered losses of UAH 11.9 billion
In 2020 Ukrzaliznytsia suffered losses of UAH 11.9 billion15.04.2021

In 2020 Ukrzaliznytsia suffered losses of UAH 11.9 billion due to the coronavirus pandemic and corruption element. At the same time, UZ's net profit in 2019 made UAH 3 billion. According to the company's representatives, compared to 2019 in 2020, the profit from freight service decreased by 10.3%, and from passenger travel - by 58.3%. Exchange rate fluctuations also affected the profits in the form of losses of UAH 5.5 billion.

On January 21, 2021, the Supreme Anti-Corruption Court recognized Ukrzaliznytsia as a victim in a case of arranging the railway sleepers purchase at an overprice. Due to the corruption schemes with using job position, Ukrzaliznytsia suffered losses amounting to UAH 13.65 million.