Support The Moscow Times!

Rail Firm Privatization Approved

The privatization roadmap for Russian Railways, has been approved, the State Property Management Agency said in a press release, Interfax reported.

"The roadmap for Russian Railways' privatization, which envisages a private and public placement of the company's shares in 2014-16 and the government's retention of qualified control, has been fully approved," the agency said.

The privatization scheme involves the sale of 5 percent through a share offering in favor of the National Wealth Fund and the Pension Fund at the first stage.

At the second stage, there will be an initial public offering, as a result of which the government will hold on to at least 75 percent in the company.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.