No-one outside the railways ministry understands how money is spent on the rail network |
Despite a decade of economic turmoil Russians still have a standard-of-living safety net. They are clothed, few of them starve and everyone has a heated apartment. Without reform this won’t last. Infrastructure built in the Soviet era is still propping up the economy, but Russia is living on borrowed time.
The infrastructure is slowly decaying. There has been virtually no investment in the fuel and energy sector or the rail network since 1991.
Thanks for your interest in Euromoney!
To unlock this article: