Russian RZD posted $32 billion revenue in 2014
Published: Mon, 2015-01-26 13:13Revenue of national railway monopoly RZD amounted to 1.38 trillion rubles (US$32 billion) in 2014, according to the company’s president Vladimir Yakunin.
He also said that the volume of cargo turnover on the country’s railway network declined by 0.8%, compared to 2013.
Vladimir Yakunin comments:
"We were afraid that the decline will exceed 1%-2% in 2014, however thanks to the implementation of orders of Russian President Vladimir Putin and recommendations of the government, the company was able to reduce these losses».
According to him, the prospects of the company this year are cloudy, due to unstable situation in the Russian economy.