Russia cuts investment as credit access gets more expensive.
Russia has encountered serious problems delivering goods to China due to its eastern rail network, highlighting yet another difficulty for Moscow, arose due to the war unleashed against Ukraine.
This is reported by the publication Bloomberg.
The report indicates that JSC Russian Railways last week approved a 30% reduction in its investment program for 2025 due to a significant increase in borrowing costs.
“The increase in war-related cargo is also exacerbating existing bottlenecks, while sanctions are affecting cross-border payments. These factors, together with long-standing logistical problems, are slowing the transportation of goods such as coal and aluminum,” the Bloomberg.
Russian companies MMI Research said that this year Russian railways “are experiencing their deepest decline since the 2008-2009 crisis, and this trend is still ongoing.”
Bloomberg emphasized that this situation shows tensions within the Russian Federation.
Recall that it was previously reported that a ship for the removal of Russian troops from Syria broke down in the middle of the sea.
In addition, we previously reported that it became known what Russia pays for weapons from DPRK.
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