Moscow, Aug. 1 -- Russian President Vladimir Putin has instructed the government to develop a roadmap for building Russia's high-speed rail network by March 31, 2026, according to directives published on the Kremlin's website.

"The Government of the Russian Federation, together with Russian Railways, the open joint-stock company, shall formulate a development model for Russia's high-speed rail network. This includes specific timelines and parameters for implementing each project to create high-speed rail lines," the website said.

Putin also ordered the government and SberBank, Russia's largest lender, to outline plans for utilizing 300 billion rubles (about 3.7 billion U.S. dollars) allocated from the National Wealth Fund as initial fun...