Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

07/28 13:20   Putin appoints former presidential envoy in Northern Caucasus Federal District Melikov first deputy director of Federal Service on National Guard Troops
 
07/28 13:19   Putin relieves Melikov of duties as presidential envoy to North Caucasus Federal District - Kremlin
 
07/28 13:19   Deputy Interior Minister Police Lt. Gen. Mironov removed from office - order
 
07/28 13:18   Belyaninov's resignation will not influence investigation into alcohol smuggling case - source
 
07/28 13:17   Yandex in Q2 boosts revenue by 30% to 18 bln rubles, above forecast
 
07/28 13:17   PUTIN INCLUDES CRIMEAN FEDERAL DISTRICT IN SOUTHERN FEDERAL DISTRICT - KREMLIN
 
07/28 13:17   It's time Europe understood where main threat comes from - Naryshkin
 
07/28 13:13   Bulavin appointed new Federal Customs Service chief
 
07/28 13:11   Russia has lost ground in many intl sports federations - head of ROC anti-doping commission Smirnov (Part 2)
 
07/28 13:11   Menyaylo appointed presidential envoy in Siberian Federal District - Kremlin
 




 

Interfax.com  |  Interfax news  |  RZD cannot receive NWF funds to purchase Mechel...


News headlines


September 05, 2014 11:48

RZD cannot receive NWF funds to purchase Mechel railway line - Finance Ministry

MOSCOW. Sept 5 (Interfax) - The Russian Finance Ministry said it was impossible to give Russian Railways (RZD) (MOEX: RZHD) funds from the National Welfare Fund (NWF) to purchase a railway line from Russian mining and steel company OJSC Mechel (MOEX: MTLR), Russian newspaper Vedomosti cited a ministry representative as saying Friday.

There will also not be any government guarantees, the representative said, adding that RZD will pay Vnesheconombank (VEB) using "synchronized funding" from banks that are Mechel's largest creditors.

RZD President Vladimir Yakunin told journalists in Yekaterinburg Thursday that the possibility of allocating funds from the NWF was being considered as a way for RZD to purchase the Mechel railway line to the Elginskoye field.

"A current variant is using bridge money from the National Welfare Fund followed by a return guaranteed by the state. That is, the government must ultimately give us funds for charter capital so that we can pay for this since our financial standing and the size of the investment program do not alone allow for these projects to be completed," he said on the sidelines of the Coordinating Council on Trans-Siberian Transportation (CCTT) forum.

RZD supports the actions of the government in every way possible to stabilize Mechel's economic situation, Yakunin said, adding that the company was ready to participate in this. Asked whether the current price of 70 billion rubles was being considered for the railway line, he said: "At least now we are talking about this [amount of] money."

A Mechel representative confirmed the fact that talks took place on selling the railway line, but did not give the newspaper further comment.

Kh ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

July 28, 2016
 
13:11
Russia has lost ground in many intl sports federations - head of ROC anti-doping commission Smirnov (Part 2)
 
13:11
Menyaylo appointed presidential envoy in Siberian Federal District - Kremlin
 
13:11
Putin accepts resignation of Sevastopol Governor Menyaylo, appoints Dmitry Ovsyannikov acting governor of city
 
13:08
FORMER PRESIDENTIAL ENVOY IN NORTH CAUCASUS FEDERAL DISTRICT MELIKOV APPOINTED FIRST DEPUTY DIRECTOR OF FEDERAL SERVICE OF NATIONAL GUARD TROOPS, COMMANDER-IN-CHIEF OF RUSSIAN NATIONAL GUARD TROOPS
 
13:07
BELAVENTSEV APPOINTED PRESIDENTIAL REPRESENTATIVE TO NORTH CAUCASUS FEDERAL DISTRICT - KREMLIN
 
13:07
Russian gas transit to total about 70 bcm in 2016 - Ukrtransgaz
 
13:07
PUTIN DISMISSES MELIKOV AS PRESIDENTIAL ENVOY IN NORTH CAUCASUSIAN FEDERAL DISTRICT - KREMLIN
 
13:04
YANDEX RAISES FORECAST FOR REVENUE GROWTH IN 2016 TO 19%-22% FROM 15%-19% - COMPANY
 
13:03
YANDEX BOOSTS REVENUE 30% IN Q2 TO 18 BLN RUBLES, ABOVE FORECAST - COMPANY
 
13:03
EVEN IF DELIVERIES OF TURKISH PRODUCTS ARE ALLOWED, ROSSELKHOZNADZOR PROHIBITIONS WILL REMAIN IN EFFECT - DVORKOVICH
 
13:03
RUSSIAN MILITARY EXPERTS TO COME TO GENEVA ON JULY 29 FOR CONSULTATIONS WITH U.S. COLLEAGUES ON IMPLEMENTING SYRIA CESSATION OF HOSTILITIES REGIME - GATILOV
 
13:00
 
12:59
BELYANINOV'S RESIGNATION NOT TO INFLUENCE PROGRESS OF INQUIRY INTO ALCOHOL SMUGGLING CASE - SOURCE
 
12:58
RUSSIAN AGMIN SUGGESTS CONSOLIDATING AGRICULTURAL SUBSIDIES, CUTTING THEM FROM 54 TO 7 - TKACHEV
 
 more headlines 



Interviews
 

.
NATO Secretary General Jens Stoltenberg has given an interview to Interfaxs correspondent Alexander Korzun ahead of the alliances summit in Warsaw due on July 8-9 in which he speaks about place of the Russian topic on the summits agenda and Russia-NATO relations in general.

more
.
.
Israeli Prime Minister Benjamin Netanyahu has given an interview to Interfax ahead of his visit to Russia in which he speaks about the influence that his personal relationship with Russian President Vladimir Putin have on the development of interstate ties, about Israels plans regarding new gas fields and said that Israel will into allow Syria to turn into a source of aggression. This will be Netanyahus third visit in under a year.

more
.
.
Indonesian Ambassador to Russia Wahid Supriyadi has given an interview with Interfax in which he speaks about the results of the Russia-ASEAN summit, prospects for achieving an agreement on oil production freeze in OPEC, Indonesian-Russian military and technological cooperation and the launch of direct air communication between Indonesia and Russia.

more

 
  
 ©   1991—2016   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100