The state will recapitalize Russian Railways with 15 billion rubles for the purchase of locomotives and rolling stock, according to Russian Deputy Prime Minister Alexander Novak.
A set of measures is also being implemented to reduce wagon turnover and increase the use of innovative high-capacity wagons, which will also provide additional opportunities for exporting products.
In early February, the head of the Ministry of Industry and Trade of the Russian Federation, Anton Alikhanov, announced that the ministry was ready to allocate 15 billion rubles in subsidies to Russian Railways for the purchase of railway engineering products.
Unfortunately, with the exception of the Ministry of Industry and Trade's reserves of 15 billion rubles, we were unable to find additional financial support. Russian Railways' level of debt is such that they could not take on any debt, and we are essentially forced to direct these funds to the pure capitalization of Russian Railways.
Anton Alikhanov expressed hope that the authorities would be able to stabilize the situation and prevent layoffs at factories.
Earlier, www1.ru reported that Russian Railways purchased 562 new locomotives in 2024.
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