- International Auditor values the assets and property of the former Ministry of Railways
- Open Joint Stock Company Russian Railways created and assumes the assets and functions of the former Ministry of Railways
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- Formation of multiple subsidiaries for passenger service, non-core businesses, and selected freight services to provide for conditions for free competition in the industry
- Begin phasing out cross-subsidization of passenger tariffs
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- Sell licenses for selected passenger service
- IPO or privatizations of local passenger, repair and construction subsidiaries
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