5 Most Valuable Russian Companies In The World

3. Lukoil

Total market cap as at 3rd Feb 2023 (in billions): $49.0

Lukoil is an energy company which has operations in over 30 countries across the world. International sanctions saw Lukoil’s market cap initially drop by 95% because of international sanctions but has since recovered significantly, even if still far off from pre-invasion highs. In September 2022, Norwegian oil company Equinor ASA (NYSE:EQNR) exited its position in Lukoil.