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April 27, 2015 11:34 AM ET

Road and Rail

Company Overview of Open Joint Stock Company Russian Railways

Company Overview

Open Joint Stock Company Russian Railways, together with its subsidiaries, provides railway transport services in the Russian Federation. The company offers long-distance and suburban passenger transport, freight transport, logistics, forwarding agency, locomotive propulsion, and telecommunication services, as well as engages in trading activities. It is also involved in the construction of residential buildings and infrastructure facilities; research and development; supply of rolling stock, railway equipment, and spare parts; extraction, processing, and sale of nonmetallic minerals; repair and maintenance of rolling stock; and manufacture of electrical engineering equipment. The company wa...

Novaya Basmannaya Street, 2

Moscow,  107174

Russia

Founded in 2003

Key Executives for Open Joint Stock Company Russian Railways

Chairman of Management Board, President, Chairman of The Scientific & Technical Council and Director
Age: 66
Senior Vice President of Economics & Finance, Member of Management Board, Member of the Scientific & Technical Council and Member of Strategic Planning Committee
Age: 45
Chief Engineer, Senior Vice President of Innovation Development, Member of the Management Board and First Deputy Chairman of the Scientific & Technical Council
Age: 59
Senior Vice President of Corporate Governance & Strategic Development, Member of Management Board, Member of the Scientific & Technical Council and Member of Strategic Planning Committee
Age: 62
Head of the Directorate of Traction, Vice President, Member of Management Board and Member of the Scientific & Technical Council
Age: 53
Compensation as of Fiscal Year 2014.

Open Joint Stock Company Russian Railways Key Developments

Russian Railways To Sell TransTeleCom

Open Joint Stock Company Russian Railways' Vice President, Valery Reshetnikov told reporters that Russian Railways will sell its 99.99% stake in Closed Joint-Stock Company TransTeleCom but no agreement has yet been reached. Valery Reshetnikov further said, "No, we are studying the issue; it has a specific procedure…It should be prepared, we have to look for potential buyers". The privatization of is expected to come no earlier than 2016.

Russian Railways and Vietnam Railways Sign Cooperation Agreement

OJSC Russian Railways and Vietnam Railways have signed an agreement on cooperation between the two companies. The memorandum was concluded on 6 April 2015. The memorandum provides for cooperation in several areas, including logistics, infrastructure projects, cooperation within international organizations and the exchange of experience and scientific and technical information. Joint pilot projects on infrastructure development could include the construction of a railway line in south Vietnam, the concept of which has been prepared jointly by An Vien, Vietnamese Railways and Russian Railways. This project is now being considered by the Vietnamese government.

Open Joint Stock Company Russian Railways, Board Meeting, Apr 20, 2015

Open Joint Stock Company Russian Railways, Board Meeting, Apr 20, 2015. Agenda: To consider and approval of the progress report on the Innovative Development Program in 2014; to consider and approve the bylaw on internal audit; to consider and approve bylaw on internal control system; to consider and approve the anti-corruption policy; to consider results of procurement activities in 2014; to consider approval of signing an addendum to agreement between the company and RZHD-ZDOROVYE on services provided to employees, family members and retirees of the company; to consider approval of general agreement on preparation and administration of high-speed network projects between the company and Skorostnyye magistrali; to consider changes in the bylaw on the strategic planning committee; to consider changes in the composition of the strategic planning committee; to consider changes in the format of the annual report; and to consider approval of agreements on compensation for contract termination signed between RZHD and ZST OAO/ the company.

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