Russian Railways May Invest One Billion Euros in Slovenian Railways

The Russian Railways may invest one billion euros in the Slovenian Railways.

“The Russian Railways currently consider a possibility of investing one billion euros in the modernization of the Slovenian Railways,” the Russian President Vladimir Putin said during the negotiations with his Slovenian counterpart Borut Pahor in Moscow.

He noted that the variants of the Russian company’s participation in the modernization of the Slovenian railway network is now being actively developed. “In the future, we can go about the large volumes of investments,” Putin said. Putin did not name any specific options for possible cooperation of Russia and Slovenia in the railway sector. wrote earlier that Ljubljana and Moscow would discuss the new version of gas contract during the Borut Pahor’s visit to Russia. As part of the current contract, which is valid until 2018, Slovenia annually receives 830 million cubic meters of Russian gas. According to the RF Government Office, Ljubljana is one of the regular consumers of Russian gas in the South Eastern Europe, where “Gazprom” covers 70% of the country’s needs.