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Russian Railways May Get $1.4 Billion in 2012 Budget, RIA Says

OAO Russian Railways expects to receive at least 40 billion rubles ($1.4 billion) of support in Russia’s 2012 budget, RIA Novosti reported, citing Chief Executive Officer Vladimir Yakunin.

The money is needed “to keep infrastructure and rolling stock in working condition and a safe state,” Yakunin said at a press conference in Novosibirsk, Russia, the newswire reported.