Russian NWF to Indirectly Fund RZD Locomotive Purchases
Posted on 03/25/2015
Russia’s National Welfare Fund (NWF) is planning to indirectly invest 60.22 billion roubles (US$ 1.3 billion) through the capitalization of VTB Bank, in which the bank will buy infrastructure bonds of Russian national rail carrier RZD. According to Russia’s Transport Minister Maxim Sokolov, RZD in turn will use the money to buy 254 new electric […]