Federation Council Speaker Valentina Matviyenko stated that a financial hole is growing in Russian Post.

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The Federation Council speaker believes that a thorough analysis needs to be conducted: "Maybe there are other processes going on there that need to be corrected with the participation of law enforcement agencies"


"The financial situation there cayman islands whatsapp resource is very sad, and everyone knows it, but no one is taking action. Maybe we should do a thorough analysis of what is happening: maybe there are other processes going on there that need to be corrected with the participation of law enforcement agencies or others. Well, it's impossible: the financial hole in the Post Office is growing and growing, and no one is reacting," she said at the meeting, addressing the Minister of Economic Development Maxim Reshetnikov.

Matviyenko called for the development of a "correct financial model of existence." At the same time, the government must take measures "without putting it off for too long," otherwise "the financial hole will turn into a huge pit into which everything will fall." The head of the Ministry of Economic Development stated that the issue of the financial state of "Russian Post" "causes great concern." RBC contacted "Russian Post" for a comment.

Gennady Ordenov, a member of the Federation Council Committee on Agrarian and Food Policy and Environmental Management and a senator from the Astrakhan Region, had previously drawn attention to the fact that "the issue of supporting Russian Post currently requires a solution." According to him, two options are "under consideration": the first is charging an infrastructure fee from marketplaces in favor of the post office (it could amount to up to 28 billion rubles per year), and the second is establishing uniform rules for the delivery of goods for marketplaces. "The post office delivers based on a license and compliance with all relevant requirements, while marketplaces and online stores create alternative networks and open pick-up points primarily in profitable locations," the senator explained. Ordenov asked Reshetnikov which option could be the solution.

The Minister responded by noting that the state needs to find a permanent financial source to balance the economy of Russian Post. According to him, there are two options: either a payment from the budget through the delivery of pensions and benefits, or an infrastructure payment through online trade in favor of the post office. The government is considering both options, but will most likely go down the path of an infrastructure payment, the head of the Ministry of Economic Development noted, adding that payment calculations are needed here, as well as a "real financial recovery plan for Russian Post."

Last year, Russian Post incurred a loss of 27 billion rubles for the first time in nine years. The company's revenue decreased by 4% year-on-year to 208.4 billion rubles. Operating expenses increased by 16 billion rubles. A representative of Russian Post linked such financial indicators to an increase in logistics costs, equipment maintenance costs, etc. "Due to the suspension of global brands in Russia, difficulties with making payments and transport restrictions, the flow of both incoming and outgoing international mail has significantly decreased," the company explained. Russian Post's revenue in the cross-border segment decreased by 11.4 billion rubles.

Last January, Mikhail Volkov, who had previously headed the National Lottery, headed Russian Post. One of the priority tasks of the "anti-crisis team" with the new CEO was to improve indicators and income.