Russian Rail Head Held Dacha Via Offshore The president of Russian Railways may run a state-owned company but he enjoys a posh dacha in suburban Moscow owned by companies set up in Cyprus and Panama by people with connections to him. By Roman Anin A few lines posted earlier this month on a popular Russian online forumsaying the president of the Russian Railways owns a chunk of land with a luxurious dacha on it, in a posh suburban area of Moscow ignited a heated discussion in the Russian blogosphere.