OAO Russian Railways is seeking to regain the right to manage rolling stock a decade after the government weakened its monopoly by opening the market to competitors, Chief Executive Officer Vladimir Yakunin said.
OAO Russian Railways will probably drop plans to sell 100 billion rubles ($3 billion) of infrastructure bonds if the government freezes prices to fight inflation, Chief Executive Officer Vladimir Yakunin said.
OAO Russian Railways is planning to spend 259 billion rubles ($8.3 billion) in the next three years on locomotives to defend a market that billionaire investors such as steel magnate Vladimir Lisin are seeking to enter.
Present and past owners of OAO Bank Rossiya, the only company hit with sanctions for Russia’s takeover of Crimea, include three billionaires, two proteges of a Nobel Laureate and, according to a Spanish prosecutor, one possible mob boss.
Huawei Technologies Co., China’s biggest maker of phone-network equipment, seeks to capitalize on the country’s strengthening ties with Russia by expanding into services for energy giants such as OAO Gazprom.