Omsk's public transport profits collapse by 95% after city budget grab

A once-profitable transit system now teeters on the edge. How did Omsk's budget demands push its transport company to financial ruin in just one year?

, and Administrator

2026 March 29 . 1:10 AM

1 min read

The image shows a city street with cars and buses driving down it, surrounded by electric poles... — The image shows a city street with cars and buses driving down it, surrounded by electric poles with wires, sign boards with text, grass, plants, trees, and a sky with clouds in the background.

Omsk's public transport profits collapse by 95% after city budget grab

Omsk's municipal transport company, Elektrichesky Transport, has faced a sharp drop in profits. After a strong year in 2024, its earnings collapsed by 95% in 2025. The decline follows a decision by city officials to take a larger share of the company's income for the local budget. In 2023, Elektrichesky Transport recorded its highest net earnings at 319 million rubles. The following year, profits fell to 246 million rubles, though the company still transferred 80.8 million rubles to Omsk's city budget. During this period, its director earned an average monthly salary of 272,000 rubles.

By 2025, the situation had worsened dramatically. Net earnings plunged to just 12 million rubles, a near-total collapse from previous years. This steep decline coincided with a decision by Omsk City Council deputies to raise the share of profits sent to the city budget—from 30% to 40%.

The company now faces a financial crisis after its profits shrank by 95% in a single year. With higher contributions demanded by the city, its ability to recover remains uncertain. No further details have been released about the broader impact on Omsk's transport services or local economy.