In this article we are going to list the 5 most valuable Russian companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 most valuable Russian companies in the world.
5. Novatek
Total market cap as at 3rd Feb 2023 (in billions): $29.4
One of the largest gas producers in the world, Novatek has continued with new launches in 2023 even as sanctions continue unabated. It is expected to seal a deal with India’s GAIL for gas sales.
4. Sberbank
Total market cap as at 3rd Feb 2023 (in billions): $42.51
Sberbank is Russia’s most valuable bank and is considered to be among the biggest banks in Eastern Europe. By 2022, around a third of all bank assets were accounted for by Sberbank. In February 2022, its license was revoked in Ukraine, while Sberbank Europe left the European market in the same month.
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.
2. Rosneft
Total market cap as at 3rd Feb 2023 (in billions): $51.4
Considering Russia’s strong presence in the energy sector, it is unsurprising that its top 3 most valuable companies are energy companies. The second largest state controlled company in Russia, Rosneft recorded revenues of around $119 billion in 2021 while providing employment to over 334,000 people. After Russia invaded Ukraine, BP p.l.c. (NYSE:BP) announced that it was divesting its 19.75% in Rosneft. In April 2022, Rosneft attempted to sell millions of barrels of oil but failed to attract customers. Since the invasion, over half of the company’s board has quite.
1. Gazprom
Total market cap as at 3rd Feb 2023 (in billions): $66.3
Easily topping the list of the 15 most valuable Russian companies in the world is Gazprom, the state-owned energy company recording revenues in excess of $140 billion in 2021 to cement its status as Russia’s biggest company. Just a few days ago, Russia increased its gas supply to Europe via Ukraine for the first time in several weeks led mainly by Gazprom, which announced that it will be shipping 29.4 million cubic metres of gas to Europe. Of course, flows are still around 27% less as compared to the previous winter gas season. At its peak in 2019, Gazprom had a market cap of over $80 billion, but has falled significantly since.
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