Russia's Railways: Debt Crisis & Economic Slowdown

Russias largest commercial employer, Russian Railways, faces a debt crisis of $50.8 billion, primarily owed to state banks. The government is considering various measures, such as raising prices, increasing subsidies, cutting taxes, or using funds from the National Wealth Fund, to help the company stay afloat. These discussions highlight the challenges of Russias state-dominated economy, especially with record military spending. Some unofficial proposals include capping interest rates or converting debt into company shares. The situation reflects a broader economic slowdown, with the economy expected to grow at a mere 0.6% this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.