Russian Railways earned RUB 484 billion in revenues from international operations in 2020

AK&M 20 February 2021 22:15

Revenues of the Russian Railways Holding from international operations amounted to RUB 484 billion in 2020, the company's press service informed.

The volume of export sales of services in general for railway transport in 2020 is estimated at $1.3 billion.

"In the next four years, we are forecasting that will increase that figure to $1.5 billion US dollars, which corresponds to the targeted annual growth rate in the "Strategy for the Export of Services," Sergey Pavlov, First Deputy Managing Director of Russian Railways, commented.

In 2020, over 800,000 Twenty-Foot Equivalent unit (TEUs) transit containers had passed through the rail network owned by Russian Railways, which is 10% more containers than the planned indicator laid down in the "Company Long-term Development Program.

561,000 TEUs were transported on the most popular direction China - Europe, an increase of 62% compared to 2019. This result, among other things, was facilitated by the company's drive to attract new freight flows.

Russian Railways is one of the world's top three railway operators. The company started operation on October 1, 2003. The founder and sole shareholder of JSC Russian Railways is the Russian Federation. The Government of Russia exercises the shareholder's powers on behalf of the Russian Federation.