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  Saturday, December 7, 2019
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Russian Railways is seeking government credit to invest in construction of railroads in North Africa and the Middle East
Russian Railways (RZD), the country's state-owned rail monopoly, is seeking government credit to invest in construction of railroads in North Africa and the Middle East. RZD President Vladimir Yakunin raised the issue Thursday at a meeting with President Vladimir Putin. "There are a lot of requests from North African and the Middle East countries. They are inviting us to contribute in building infrastructure... There has to be coordinated government policy on this," Yakunin said. Russia's main competitors in the area are companies from the U.S., Europe, and China, who are able to take advantage of cheap state credit, he said. Yakunin suggested that Russia's president consider similar measures.
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