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Russia: Sanctions, tight margins sap appetite for rail link to ‘Putin’s bridge’

An ally of Russian President Vladimir Putin has been asked to step in to build a railway link between Russia and annexed Crimea after low margins and the risk of Western sanctions put off other builders, industry sources told Reuters on Monday.

The 17-billion-ruble ($285-million) contract is for a railway to connect the Russian rail network with what some Russians have dubbed “Putin’s bridge”, a 19-km (12-mile) road-and-rail Bridge across the Kerch Strait which separates Russia from Crimea.

The United States sanctioned seven Russian firms involved in the bridge construction last year.

The full original article can be found at todayonline.com



This post first appeared on Anti Bribery And Corruption Platform & Due Diligen, please read the originial post: here

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Russia: Sanctions, tight margins sap appetite for rail link to ‘Putin’s bridge’

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