Volzhsky or Volzhskiy is an industrial town in Volgograd Oblast, Russia, located on the east bank of the Volga River and its distributary the Ak…Volzhsky or Volzhskiy is an industrial town in Volgograd Oblast, Russia, located on the east bank of the Volga River and its distributary the Akhtuba, 20 kilometers northeast of Volgograd. Population: 321,427 ; 314,255 ; 313,169 ; 268,842.