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Russian Railways Seeks to Fix ‘Mistake’ of Lost Monopoly

OAO Russian Railways is seeking to regain the right to manage rolling stock a decade after the government weakened its monopoly by opening the market to competitors, Chief Executive Officer Vladimir Yakunin said.

“It’s becoming clearer to me that we made a mistake when we decided to privatize 100 percent of the rolling stock,” Yakunin said in an interview. State-run Russian Railways wants to manage or lease railcars, not re-nationalize the market, and hasn’t started talks with the government yet, he said.