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Russia Reportedly Orders Sale of 62-Story Moscow City Tower to Cut RZD Debt

The potential deal would raise roughly $2.4 billion against a debt load said to be near $50 billion.

Overview

  • The plan is based on an Il Messaggero report echoed by FOCUS online, with no separate official confirmation to date.
  • Merkur.de says the decision was discussed at a government meeting and frames the sale as part of a wider anti-crisis program for Russian Railways.
  • RZD bought most of the tower in 2024 for about 193.1 billion rubles and had planned to relocate its headquarters there, a move that did not materialize.
  • High borrowing costs and a slowing economy complicate finding a buyer for a premium asset, and the proceeds would cover only a fraction of the liabilities.
  • Reports cite roughly €42 billion in total debt and note banks have rejected a proposed debt-for-equity swap, with RZD already cutting costs including unpaid leave.