Meeting with Rosseti CEO Andrei Ryumin 2026-04-14 13:30:00 The Kremlin, Moscow Vladimir Putin held a working meeting with Chairman of the Management Board, Director General of Rosseti national grid company Andrei Ryumin. President of Russia Vladimir Putin: Mr Ryumin, Rosseti is the largest grid company, a strategic enterprise without any exaggeration, where the state owns 77 percent. What can you say about its performance? Rosseti CEO Andrei Ryumin: Mr President, I would like to begin with the current situation at the company and the group’s performance in 2025. Rosseti operates in 82 Russian regions and transmits 80 percent of electricity generated in Russia through its networks. We currently employ slightly over 235,000 people. The group’s revenue last year exceeded 1.8 trillion rubles. The Rosseti group is one of the largest taxpayers in the country. In 2025, we paid over 270 billion rubles to the budgets of all levels. The group’s net profit in 2025 exceeded 200 billion rubles, and our profit less impairment was nearly 300 billion rubles. This is very important for us, because net profits are the main source of investment in the future. The growth of net profits will allow us to reduce the funding shortfall for investment and project implementation as part of the national grid network development programme. Our 2025 investment programme was estimated at 725 billion rubles. We have built over 35,000 kilometres of transmission lines. Vladimir Putin: Within a year? Andrei Ryumin: Yes, we have built over 35,000 kilometres of transmission lines in 2025. Vladimir Putin: Very good. Andrei Ryumin: We have also commissioned about 15,000 MVA of transformer capacity. As for overall grid connection, we have connected 340,000 new users to the grid in 2025. As regards the current year, our investment programme is provisionally planned at approximately 900 billion rubles. Within this framework, we are planning new construction, as well as the modernisation and reconstruction of existing grid facilities. We are employing, and will continue to employ, new technologies in order to implement a number of projects under the investment programme. The first example I would cite is that of high-capacity energy storage systems. In this area, our primary equipment supplier is the Rosatom State Corporation, and we are implementing this project in collaboration with them. A further project I would like to mention is that of direct current power transmission. We have already commenced design work, and this project is now at the implementation stage. Under the investment programme, we are paying particular attention to those regions where electricity consumption is exhibiting very rapid growth. Among these are regions such as Moscow, the Moscow Region, the Krasnodar Territory, and the regions of the Far East. I would like to say a few words about what one might describe as new consumers for us – the technological connection of data processing centres of various kinds. Demand has recently been growing apace for the power supply to such data centres. This is, needless to say, attributable to digitalisation, the development of digital technologies, digital services, cryptocurrency mining, and artificial intelligence. In numerical terms, to date we have already connected two gigawatts of capacity for consumers of this type. Based on the applications we presently have before us, we will connect more than three gigawatts of capacity in the near future. Vladimir Putin: In addition. Andrei Ryumin: In addition. That is, we have already connected two gigawatts – we are examining the applications being submitted – and in the near future we will connect a further three gigawatts. This constitutes, very likely, the fastest-growing segment in terms of demand for power supply amongst all consumer categories. With regard to import substitution, we utilise domestic equipment in practically every project involving new construction, modernisation, and reconstruction. I believe I will not be mistaken in stating that the Rosseti group is presently the largest consumer of Russian power equipment manufacturers. A matter of great and, perhaps, paramount importance for us is that of the reliability of power supply. Vladimir Putin: Are you augmenting funding for repairs? Andrei Ryumin: We are augmenting funding on an annual basis for the repair programme. This year, it will amount to – and I anticipate that it will exceed – 135 billion rubles. Under the repair programme, special attention is, naturally, devoted to the creation of an emergency stock: this comprises an emergency stock of equipment and an emergency stock of materials, and we are also expanding and modernising the fleet of special-purpose vehicles. I would like to provide two rather telling examples. In essence, while we speak of those regions where electricity consumption is growing, we cannot omit to mention the regions where climatic conditions are changing and the incidence of hazardous natural events is rising. The first graphic example is the Murmansk Region. To speak candidly, an extraordinary situation arose there during the winter. The ice and wind loads that had been allowed for during the construction of the lines were exceeded by a factor of several. The second example concerns heavy downpours in late March in Daghestan. These downpours – which were reportedly the most severe in the past 100 years – resulted in a very serious flooding of our substations, leading to the situation where nearly half a million people were cut off from supply at the peak of the incident. Mr President, ensuring a reliable power supply and maintaining operations in new territories, as well as in the border areas, remains a top priority for us. At present, around 2,000 specialists are working in these newly integrated regions, while approximately 8,000 more are deployed across the Belgorod, Kursk, and Bryansk regions. The situation is extremely demanding. Energy infrastructure is subject to frequent and ongoing attacks, and our personnel often operate in conditions comparable to those in active combat zones. Despite these challenges, we are doing everything possible to promptly restore damaged facilities and return electricity to people’s homes. Mr President, in closing, I would like to briefly highlight our social initiatives and our work in developing human resources. We currently partner with more than 300 leading specialised educational institutions, including universities and specialised colleges, across 50 academic programmes. Within these programmes, we support student training, and each year over 10,000 students complete internships at our company’s branches. I can confidently say that many of them – likely the majority – choose to continue their careers with us after completing their training and internships, which is, of course, very encouraging. Our company also runs a dedicated employee support programme, developed as part of the Family national project. Within this initiative, we place particular emphasis on supporting young families and addressing demographic challenges. It is clear that housing is the primary concern for young families, so our efforts are largely focused on helping them meet this need. In addition, we provide a range of financial incentives, direct payments, and other forms of assistance. A key priority at present is supporting the employment of veterans of the special military operation. We are closely overseeing this effort: first and foremost, those who were previously employed within our group are being reinstated in their positions. At the same time, we are actively working to recruit and train veterans who are interested in entering the electric power industry, helping them acquire a new speciality and build a new professional path. Mr President, that concludes my report. Thank you very much for your continued support of the energy sector, and of our electric grid complex in particular. Vladimir Putin: As I understand it, in terms of network length and overall investment, your commitments in the new regions are quite significant – greater than in some other regions. Andrei Ryumin: Yes, absolutely. Our investment programme in the new regions is indeed very large. It is extensive both in terms of network length and capacity, including a substantial scale of substation construction. Vladimir Putin: Is this primarily the result of damage from combat operations, or of long-term underinvestment in grid infrastructure? Andrei Ryumin: It is a combination of both. The condition of the grid infrastructure in these regions does not match the standards of neighbouring areas, particularly those closer to the border. Moreover, the situation is further aggravated by ongoing attacks, which cause additional damage. As a result, significantly greater investment is required. Vladimir Putin: Have you been able to meet the targets set for these areas over the past year? Andrei Ryumin: Yes, Mr President. Vladimir Putin: Good, thank you. <…>