Russian Railways cuts back on investment

29 April 2009 (11:15)

‘Unfortunately, Russian Railways Public Company’s investment project had to be downsized by 40% compared with the year before,’ President of Russian Railways Vladimir Yakunin said in the course of a briefing on the company’s investment program in Verkhnyaya Pyshma, Sverdlovsk Region.

‘So now we are not asking to support our investment program so that the money could disappear in people’s pockets. We are asking for help because we are positive that aid to the country’s backbone enterprises is an effective economic tool,’ he added.

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