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. Last Updated: 01/26/2015

Russian Railways

Transportation

Russian Railways

Web-site: eng.rzd.ru/

RZhD owns the second-largest rail network in the world with 85,200 kilometers of track — 43,000 kilometers of which are electrified. The company carries over 0.95 billion passengers and 1.2 billion tonnes of freight annually across 11 time zones. It is responsible for 42.3 percent of Russia’s total freight traffic (including pipelines) and more than 32.7 percent of passenger traffic. RZhD employs over 975,000 people. (Source: eng.rzd.ru)

The Russian Federation is the sole shareholder of RZhD.

Financial results (RAS, 2011):

Revenue: 1.29 trillion rubles ($39 billion)

Net income: 16.8 billion rubles ($511 million)

Headquarters: Moscow, Russian Federation

Russian Railways Boss Yakunin Sues New York Times

Vladimir Yakunin, head of Russia's railroad monopoly Russian Railways, is suing The New York Times in a Russian court for libel, saying the respected U.S. newspaper has erroneously accused him of breaking the law, Russian news agencies reported Monday.

Crisis Forces Russia to Rethink Spending From 'Rainy Day' Fund, Report Says

Russian officials will have to revise infrastructure spending plans tied to one of Russia's two "rainy day" funds, a news report said Monday, as Moscow scrambles to find ways to fight a deepening financial crisis.

China to Build $242 Billion Railway to Russia

China plans to build a 7,000 kilometer high-speed rail line from Moscow to Beijing at a cost of 1.5 trillion yuan ($242 billion) as Russia works to boost ties with its eastern neighbor amid Western sanctions, news agency Bloomberg reported Thursday.

Russia and China Launch Railway Postal Service

Packages can now travel from Beijing to Moscow by rail following the launch of the first Russia-China railroad delivery service, the logistics branch of Russian Railways announced Monday.  

Russian Railways Chief Threatens to Quit Over Demands to Publish Salary

The head of Russia's vast state railway company on Thursday said he might quit if the government persisted in its "unreasonable" demands that he publish his salary.

Fitch Downgrades 13 Major Russian Companies as Economic Crisis Deepens

Ratings agency Fitch has downgraded 13 major Russian companies, days after the agency responded to Russia's worsening economic plight by cutting the country's sovereign debt rating to one notch above "junk" status.

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