Russian Railways has been ordered by the Kremlin to sell it's gigantic skyscraper in Moscow due to billions in debt.
State owned Russian Railways is in approximately US$50 billion in debt, according to reporting from Reuters.
Join our community of decision-makers. No card required
Join nowThe nation's biggest commercial employer is now reportedly being told to sell it's 62 storey ‘Moscow Towers’, worth around $2.4 billion, to settle some of that debt.
Other measures were discussed by the Russian government last month to support the railway giant and it's enormous debt, including, debt restructuring, state subsidies and a reduction on tax payments.
No decision has been reached on these options.
