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\t\t\t\tRussia Eyes Rescue Plan for Debt-Laden Rail Monopoly
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RZhD requested<\/a> 200 billion rubles ($2.6 billion) in urgent support from the National Wealth Fund late last year to cover financial shortfalls and debt obligations, but the Finance Ministry allocated<\/a> only 65 billion rubles ($845 million).<\/p>\n Sergei Aleksashenko, a senior fellow at the NEST Center in London, called RZhD \u201ceffectively bankrupt\u201d and said it cannot get out of its debt without outside support.<\/p>\n Reuters calculations show the tariff increase is expected to generate 22.3 billion rubles ($290 million) in additional revenue for RZhD.<\/p>\n The company, which reported a net loss of 4.4 billion rubles ($57 million) in the first nine months of 2025, sent some employees on unpaid leave and started<\/a> laying off staff in October.<\/p>\n RZhD plans to cut<\/a> its investment program by a quarter this year to balance finances.<\/p>\n Spending on construction and procurement of wagons and locomotives will fall to 713.6 billion rubles ($9.3 billion) from 890.9 billion ($11.6 billion) last year and 1.5 trillion ($19.5 billion) in 2024.<\/p>\n The government is also preparing a broader aid package worth 1.3 trillion rubles ($16.9 billion) that includes debt restructuring and asset sales.<\/p>\n RZhD has been ordered<\/a> to sell a 62-story skyscraper in Moscow\u2019s Moscow City business district that it purchased in 2024 for 193.1 billion rubles ($2.5 billion), as well as the Rizhsky Station building in Moscow.<\/p>\n Read this story in Russian at The Moscow Times’ Russian service.<\/a><\/p>\n A Message from The Moscow Times:<\/p>\n Dear readers,<\/p>\n We are facing unprecedented challenges. Russia’s Prosecutor General’s Office has designated The Moscow Times as an “undesirable” organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a “foreign agent.”<\/p>\n These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work “discredits the decisions of the Russian leadership.” We see things differently: we strive to provide accurate, unbiased reporting on Russia.<\/p>\n We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help<\/a>.<\/p>\n Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It’s quick to set up, and every contribution makes a significant impact.<\/p>\n By supporting The Moscow Times, you’re defending open, independent journalism in the face of repression. Thank you for standing with us.<\/p>\n \n\t\t\t\tContinue\n\t\t\t<\/p>\n \t\t\t\t Not ready to support today? \u00d7<\/p>\n \t\tRemind me next month<\/p>\n \n\t\t\tThank you! Your reminder is set.\n\t\t<\/p>\n![\"paiment](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/09\/payment_icons.png\"){kind=icon}
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Remind me later.<\/p>\n