The Cabinet of Ministers increased the authorized capital of Russian Railways by almost 22 billion rubles

The Russian government has increased the authorized capital of Russian Railways (Russian Railways) by 21.88 billion rubles. Relevant Document placed August 20 on the portal of legal information.

“Increase the authorized capital of the joint-stock company by 21.88 billion rubles,” the document says.

The authorized capital of Russian Railways will be increased through the placement of 18.3 million additional preferred shares worth 1,000 rubles. each for the development of the railway infrastructure of the Central transport hub. Also 3.58 million additional ordinary shares worth 1 thousand rubles. per piece will be placed in accordance with the federal law “On the federal budget for 2022 and for the planning period of 2023 and 2024.”

Previously Izvestia reportedthat more than 1 trillion rubles will be allocated from the federal budget for the implementation of priority measures to support the Russian economy. One of the largest items of expenditure is transport. It is planned to allocate 250 billion rubles for the additional capitalization of Russian Railways to support the implementation of the investment program and digitalization, another 25 billion will go to help airlines, including subsidizing loans, leasing payments and current activities.

Vedomosti wrote Earlier, the Ministry of Economic Development initiated a discussion of the schedule for the development of a new system of railway tariffs and on August 9 held a meeting of the committee on tariff regulation of the Consumer Council on the activities of Russian Railways.