OREANDA-NEWS. March 23, 2009. Russian Railways took out an unsecured loan of USD500 million from the investment unit of Barclays Bank PLC to finance investment projects, reported the press-centre of Russian Railways.

The loan will reduce the average interest rate on the Company’s foreign currency loans.

The granting of the loan in the difficult conditions currently prevailing on the global financial market confirms Russian Railways’ status as a reliable borrower and indicates a high degree of confidence on the part of the Company's creditors and investors, both abroad and in Russia itself.