Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

07/20 15:37   Russia becomes cyber power, import substitution still needed - presidential envoy
 
07/20 15:32   Extended visa application form for British citizens developed on reciprocity basis - Russian Foreign Ministry
 
07/20 15:30   Official exchange rates for CIS and Baltic nations as of 20.07.2017
 
07/20 15:30   Lukoil increases number of board members
 
07/20 15:29   Moscow denies plans to host meeting between Armenian, Azerbaijani leaders, says venue not determined yet
 
07/20 15:27   Russia to demand extradition of blogger convicted in Azerbaijan
 
07/20 15:26   Moscow expects U.S. drills in Tajikistan to facilitate increase of region's stability level - Foreign Ministry
 
07/20 15:23   Aliyev declares Karabakh, Armenia 'historical Azeri lands'
 
07/20 15:22   Russian-U.S. talks on setting up cyber security working group under way - Russian president's envoy (Part 3)
 
07/20 15:20   Russia to verify reports on closure of CIA program backing Syrian opposition - Foreign Ministry
 


 

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 20, 2017
 
15:23
Aliyev declares Karabakh, Armenia 'historical Azeri lands'
 
15:22
Russian-U.S. talks on setting up cyber security working group under way - Russian president's envoy (Part 3)
 
15:20
 
15:19
OSCE on anniversary of Sheremet murder calls on Kyiv to end impunity of journalists killers
 
15:17
Drop in Philip Morris Russian sales slows to 4.7% in Q2
 
15:05
Moscow seeks Washington's clarification of reports on extension of Bout's sentence - Foreign Ministry
 
15:04
Int'l arbitration panel in Arctic Sunrise case encourages unlawful actions in Arctic - Russian Foreign Ministry (Part 2)
 
15:02
Putin congratulates Moscow Helsinki Group leader Alekseyeva in person on her 90th birthday
 
15:00
MICEX and RTS Indexes at 15:00 MSK
 
14:58
Rogozin to visit Moldova although he wasn't allowed to come aboard Russian Aerospace Forces plane
 
14:53
Sberbank appeals ruling in Transneft lawsuit over derivatives - court materials (Part 2)
 
14:53
Investigators believe 'Russian connection' in Sheremet killing is highly probable - Ukrainian Interior Ministry
 
14:52
 
14:48
S-400 missile systems to be delivered to China on time, in line with contract - Rosoboronexport
 
 more headlines 



Interviews
 

.
Secretary General of the League of Arab States has given an interview with Interfax in the wake of his negotiations with Russian Foreign Minister Sergei Lavrov in which he speaks about the participation of Arab countries in the Astana process, Russia‘s political and military role in Syria, as well as prospects for resuming Syria‘s membership in the Arab League.

more
.
.
Bahraini Ambassador to Russia Ahmed Abdulrahman Al Saati has given an interview to Interfax in which he speaks about the prolongation of the decision of OPEC and non-OPEC countries to freeze oil output, prospects of energy cooperation between Bahrain and Russia, bilateral military-technical cooperation and prospects for resuming diplomatic relations with Iran.

more
.
.
Following strikes of the U.S.-led coalition on pro-governmental forces in Syria, the coalitions spokesman Ryan Dillon has given a Skype interview to Interfaxs correspondent Ksenia Baygarova in which he speaks about if U.S. notified Russia in advance of upcoming strikes on pro-governmental forces in Syria, about how to avoid incidents in the future and about when al-Raqqa and Mosul will be liberated from terrorists.

more

 
  
 ©   1991—2017   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