Russia’s State-Owned Railway Giant Is In Serious Trouble. Blame The Ukraine War.

https://www.rferl.org/a/russia-railways-trains-financial-problems-bankruptcy-debt/33641372.html

7 Comments

  1. $51 billion debt with what +20% interest so that grows with 167mil today, and 168mil tomorrow and 170m this Saturday. Sounds like good times.

  2. LetGoPortAnchor on

    >But in the meantime, its problems are rippling elsewhere in the economy. Its main creditors, include other state-owned entities such as VTB, the country’s second-largest bank.

    >”If Russian Railways can’t pay interest on its loans and repay them, that spells trouble for VTB’s financial stability,” Yakovlev said. “And VTB is one of Russia’s systemic banks. So, it’s a chain where one link pulls the other.”

    I like this.