Russia's rail monopoly Russian Railways (RZD) needs state subsidies of 25 billion rubles (almost $807 million), the company's head Vladimir Yakunin said in an interview with the Russia Today TV channel.
"Speaking about the possible rise in tariffs- the only opportunity for us - we need at least 35% reimbursement of our losses due to the state regulation in the region of our passenger operations. In such circumstances we need to have subsidies of at least 25 billion rubles for infrastructure," he said.
He said that the company's profits dropped 14% in June, year-on-year.
"This is big, but I suppose we will overcome this," Yakunin added.
MOSCOW, June 19 (RIA Novosti)
