Russian Railways is selling a skyscraper in Moscow City to pay off debts
The Russian state-owned company Russian Railways has put the Moscow Towers skyscraper in the Moscow City business district up for sale in order to reduce its debt burden.
This was reported by Reuters.
The auction is scheduled for May 21, 2026, with bids accepted from April 6 to May 8. The starting price for the property is approximately $3.1 billion.
The building was commissioned in 2024 and purchased for approximately $2.1 billion. RZD had planned to relocate its headquarters there and offset the costs by selling other assets, but these plans were not implemented.
According to sources, the Russian government has ordered the company to sell the skyscraper to reduce debt and avoid a significant increase in freight rates.
Russian Railways plans to lay off about 6,000 employees due to its deteriorating financial condition and a decline in freight volumes.
Earlier, the Russian government ordered Russian Railways (RZD) to put the 62-story Moscow Towers complex, located in the Moscow City business center, up for sale.
