The establishment of the Close Joint-Stock Company “Russian Troika” was approved on the Board of Directors meeting of PLC Russian Railways.

11 October 2004
On 8th of October 2004 the Board of Directors of CJSC Russian Railways approved the establishment of the joint company “Russian troika” with PLC FESCO.

The nominal capital of the company totals 472 million rubles, sharings of the Russian Railways and FESCO total 50%

The Board of Directors also approved the draft Statute of CJSC «Russian troika».

Vladimir Chisnakov was elected as Director General.

Members of the Board of Directors of the company confirmed appointments of Boris Lapidus (Vice-President of PLC Russian Railways), Salman Babaev — the Vice-President of PLC Russian Railways, Gleb Fedulov, the Director of Department on administration of associated companies and dependent societies of PLC Russian Railways.