# JSC Russian Railways

JSC Russian Railways is a Government / Public Body based in Moscow, Russia.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Moscow, Russia
- **Region:** Europe
- **Address:** 2 Novaya Basmannaya Street, Moscow, 107174, Russia
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** eng.rzd.ru
- **LinkedIn:** https://www.linkedin.com/company/russian-railways

## Regulatory record

- **Reports private funds:** No

## About

JSC Russian Railways was formed by the Russian government in September 2003 as a vertically integrated railroad company, absorbing the assets and operations of the former Ministry of Railways. The Russian Federation is its sole shareholder. CEO Oleg Belozyorov has led the firm since 2015, navigating a period of heavy state-directed infrastructure expansion in Russia's east. The firm deploys capital across a sprawling asset base: freight rolling stock, locomotive fleets, rail terminals, industrial depots, and the national track network. It operates the Trans-Siberian and Baikal-Amur Mainlines, the country's highest-throughput freight arteries. Service mix spans freight transport, long-distance passenger operations, suburban commuter rail, and logistics infrastructure. Real estate holdings include the Moscow headquarters at 2 Novaya Basmannaya Street, a Moscow City skyscraper office, and a former Siemens industrial site in Leningrad Region. The company is among Russia's largest employers and capital-spending entities. Contractor Bamtonnelstroy-Most Group is a key partner on the Eastern Polygon railway expansion. JSC Russian Railways is a signatory to the UN Global Compact and holds membership in the International Union of Railways and the Russian Union of Industrialists and Entrepreneurs. Philanthropic vehicles include the Rasprav Krylia and Transsoyuz charitable funds. Its singular structural feature is its position as both operating company and state asset owner. Unlike a financial investor, JSC Russian Railways cannot separate its investment decisions from national industrial policy. Procurement and deployment are driven by five-year government railway plans, making it a direct instrument of federal infrastructure strategy rather than a discretionary allocator.

## Sectors

- Infrastructure
- Real Estate

## People

- Oleg Belozyorov — Chief Executive Officer, Chairman of the Board
- Vitaly Savelyev — Chairman of the Board, Minister of Transport of the Russian Federation

## Questions

### Who owns JSC Russian Railways?

The Russian Federation is the sole shareholder. The company was established by government decree in September 2003 to take over the operational assets of the former Ministry of Railways. No private ownership stake exists, and the Chairman of the Board is the sitting Minister of Transport.

### How does JSC Russian Railways make investment decisions?

Investment is dictated by federal policy rather than independent fiduciary discretion. The company's capital expenditure program is approved by the Russian government and tied to multi-year national railway development plans, with the Eastern Polygon expansion serving as the primary recent priority.

### What charitable structures are affiliated with JSC Russian Railways?

The company maintains at least two charitable funds: Rasprav Krylia, which supports children in difficult life circumstances, and the Transsoyuz Charity Fund.

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Last updated: 2026-08-11T02:43:31.692Z

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