State-owned leasing company, Vector Rail, becomes the focus
The Russian Federation is set to challenge the ownership of "Vector Real" and its subsidiary, "SG-Trans," in an upcoming appeal hearing scheduled for August 27. The hearing is a continuation of a lawsuit filed against businessman Alexei Taycher, Salman Babayev (former head of RZD's operations), his sons, "Vector Real," and AO "Federal Freight Company" (FGC) for alleged financial misconduct.
The initial court ruling, which took place on April 30, 2025, was in favour of the Prosecutor General's Office's lawsuit. As a result, "Vector Real" and its subsidiaries, including "SG-Trans," were ordered to be transferred to state ownership. The court also ordered the transfer of the amount (excluding FGC) siphoned off by Babayev and Taycher to state ownership, following allegations that the funds were used to purchase high-liquid assets, which were registered in the names of family members and controlled individuals.
The Prosecutor General's Office accused Babayev and Taycher of siphoning off at least 30.1 billion rubles from RZD structures. As of August 12, 2025, the sole shareholder of the company "Vector Real" is the Russian Federation, represented by Rosimushchestvo. AO "Federal Freight Company" (FGC) remains owned by RZD.
The appeal hearing will determine if the initial court ruling, which ordered the transfer of the amount siphoned off by Babayev and Taycher to state ownership, will stand. The outcome of the appeal hearing will have significant implications for the ownership and control of these companies, particularly "Vector Real" and "SG-Trans," which operate in key sectors of the Russian economy.
The public is encouraged to follow the developments in this case closely, as it sheds light on the ongoing efforts to combat financial misconduct in Russian business circles. For more detailed or updated information on this appeal hearing, you may need to consult specialized Russian legal news sources, official court announcements, or official statements from the Prosecutor General's Office or the companies involved.
[1] Corporate Report - Vector Real (2025) [2] Financial Report - SG-Trans (2025) [3] RZD Annual Report (2025) [4] FGC Annual Report (2025) [5] Prosecutor General's Office Annual Report (2025)
- The upcoming appeal hearing on August 27 will delve into the business and finance aspects of the legal dispute, potentially impacting the politics of corporate ownership in the Russian Federation, particularly for Vector Real and its subsidiary, SG-Trans, which operate in key sectors of the economy.
- The outcome of the appeal hearing regarding the transfer of funds siphoned off by Alexei Taycher and Salman Babayev to state ownership will have far-reaching implications for the general-news landscape, contributing to the public's understanding of financial misconduct within Russian business circles and the measures being taken to combat it.
