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Russian Railways earned RUB 484 billion in revenues from international operations in 2020 AK&M 234 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 pl
Russian Railways Earned 484 Billion Rubles by Foreign Activities in 2020
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MOSCOW, Feb. 19, 2021 /PRNewswire/ Russian Railways revenues from foreign activities in 2020 amounted to 484 billion rubles as was announced by First Deputy General Director of Russian Railways Sergey Pavlov at the company s annual board meeting. He agreed that such a result was ensured by successful work in all three areas of foreign business: transit, international logistics and foreign projects.
Pavlov also reminded that the company is taking part in the International Cooperation and Export project and fulfilling all of its obligations. The volume of export services in general for railway transportation in 2020 is estimated at $1.3 billion. We predict it will reach one and a half billion US dollars in the next four years, which corresponds to the target annual growth rate in the strategy of export of services, he noted.