Putin announces relocation of Russian Railways and several other major companies’ offices from Moscow to the regions

Putin announces relocation of Russian Railways and several other major companies’ offices from Moscow to the regions

He said this during the plenary session of the St. Petersburg International Economic Forum (SPIEF).

“I ask that this work be completed as soon as possible. Let me also remind you that we agreed on the relocation of major state companies and corporations from Moscow to the regions in order to ease the burden on the capital and give momentum to business development in the federal subjects. To strengthen the revenue side of their budgets and create new jobs. Sergei Semyonovich (Sobyanin, Moscow mayor — editor’s note), the capital will not be harmed by this,” he noted.

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