Russian Railways saw a 3.2% decrease in cargo shipments in February, contributing to a significant financial strain on the debt-laden state rail monopoly. The slowdown in the economy, sanctions, and global market pressures have led to a decrease in freight volumes. Russian Railways' cargo volumes have been decreasing year on year since October 2023. Over 35% of all rail cargo is destined for export, and overall freight volumes fell by 5.6% in 2025 as shipments of oil, construction materials, metals and coal declined. The company is under financial pressure as its borrowing costs rise to their highest level in two decades.