Russian Railways hits record growth as CEO Oleg Belozerov secures new term
Russian Railways (RZD) has seen strong financial growth in 2025, with assets rising by 6.4% to over 11 trillion rubles ($119 billion). The company's revenue also climbed by 9.5%, reaching 3.1 trillion rubles ($33.5 billion). Meanwhile, Oleg Belozerov has been reappointed as CEO for another five-year term by Prime Minister Mikhail Mishustin.
Oleg Belozerov, who has led RZD since 2015, will continue in his role after the latest reappointment. A graduate of St. Petersburg University of Economics and Finance, he previously served as head of the Federal Road Agency from 2004 to 2009 and later as Deputy Transport Minister until 2015.
Under his leadership in 2025, RZD achieved record figures in both freight and passenger traffic. Freight volumes hit 2.48 trillion ton-kilometres, with the Eastern Operating Domain setting a new high. Passenger numbers also rose, exceeding 1.3 billion riders—the highest since 2006. Despite strong financial performance, the company plans to reduce its administrative workforce by 15%. This move will affect around 6,000 employees. Net profit for 2025 stood at 14.1 billion rubles ($152 million), reflecting a steady but modest return. No major changes in RZD's international strategy or infrastructure projects have been reported in recent years. Available records focus primarily on domestic operations and financial results.
RZD's latest financial results show growth in assets, revenue, and passenger numbers. The company's freight operations also reached new highs in 2025. With Belozerov's reappointment, the railway giant will continue under the same leadership while implementing workforce reductions.
