Sales of structured notes linked to the credit of Russian companies climbed to the highest in three years last month, as investors bet the country’s economy could weather emerging-market turmoil and the crisis in the Ukraine.
When Igor Sechin was working as President Vladimir Putin’s deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound volumes containing minutes of Communist Party congresses.
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.
OAO Russian Railways is seeking bank funding for a 1.1 trillion-ruble ($33 billion) high-speed rail line linking Moscow with the soccer World Cup venue of Kazan, even as the government questions the route’s feasibility.