Russia's RZD forms 2027 investment program, volume flat vs 2026

Russian Railways (RZD) has formed its 2027 investment program with no qualitative change in volume versus the current year, per Deputy Transport Minister Aleksey Shilo. The statement signals continuity in state-backed rail infrastructure spending amid fiscal constraints, but lacks specifics on allocation or financing. This matters for Russia's infrastructure pipeline and related supply chains, though the flat volume suggests no major shift.