Largest Multinational Corporations, Business Groups in Russia 2021

More and more Russian companies become international corporations. Of course, the Russian multinationals aren’t as globalized as world leading multinational corporations, which work on emerging markets and characterized by diversification in the economic sector.

Activities of Russian multinational corporations are limited by certain sectors of the economy in which they have a competitive advantage. For example, Russian mineral resource companies involved in the international division of labor are most successful at creating foreign branches. Most of these, represented by privatized oil and metallurgical giants. Understandably, most owners of these Russian transnational corporations prefer to invest part of their export earnings abroad.

Gazprom – Gazprom focuses its expansion on the formation of gas supplying infrastructure to European and CIS markets. There are also Gazprom subsidiaries in Great Britain, Armenia, Austria, Bulgaria, Hungary, Germany, Greece, Italy, Latvia, Netherlands, Poland, Serbia, Slovakia, Turkey, Finland and Estonia. The external strategy involved in such foreign gas products consist of production and transportation, creating consortiums and joint ventures abroad in India, Iran, Vietnam, Armenia, Kazakhstan.

Lukoil – Lukoil is a leading Russian oil company, as it operates on 4 continents, 35 countries, and 63 Russian regions. Lukoil gas stations are located in 21 countries: Azerbaijan, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Finland, Georgia, Italy, Latvia, Lithuania, Luxemburg, Republic of Macedonia, Moldova, Montenegro, Netherlands, Poland, Romania, Serbia, Turkey and USA. Lukoil is one of the most diversified Russian companies in the oil and gas industry, which involves various sectors, from oil production to product distribution.

Rosneft – Rosneft state-owned oil company has foreign assets in Venezuela, Ecuador, Cuba, Canada, the USA, Brazil, Norway, Germany, Italy, Algeria, Mongolia, China, Vietnam, Turkmenistan, Belarus, Ukraine, and UAE.

VTB Bank – VTB Bank is Russian leading multinational bank. VTB Group provides financial services in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Austria, Germany, France, Austria, United Kingdom, Cyprus, Serbia, Georgia and Angola and branches in China and India, VTB Capital has branches in Singapore and Dubai.

INGO – INGO International Insurance Group comprises several insurance companies, in which Ingosstrakh owns 50 percent of the voting shares. To date, the INGO Group is comprised of 8 companies (members) operating abroad, as well as 8 in the Russian Federation. Ingosstrakh has representive offices in Azerbaijani Republic, Kazakhstan, Ukraine, India and China.

Russian metallurgical companies:

Evraz – Evraz international assets: EVRAZ DMZ, EVRAZ Highveld Steel and Vanadium, Evraz Caspian Steel, EVRAZ YUZKOKS, EVRAZ DMP, EVRAZ SUHA BALKA, EVRAZ YUZKOKS, EVRAZ Camrose, Evraz Claymont Steel Inc, EVRAZ NA MEXICO, Evraz Palini e Bertoli S.R.L

Severstal – Severstal has steel and mining facilities in Russia, Ukraine, Kazakhstan, France, Italy and several African countries. Read about Top 10 Russian Stel companies

ROSATOM – ROSATOM is the Russian Federation national nuclear corporation which comprises circa 350 nuclear companies and R&D institutions that operate in the civilian and defense sectors with more than 250,000 employees. ROSATOM holds a leading position in the world market of nuclear technologies, taking first place globally – thanks to its number of simultaneous constructed nuclear power plants abroad. ROSATOM is also second place globally in its reserves of uranium, and 4th place in terms of its production; and second place in the globally in terms of generating nuclear electricity.

International assets of ROSATOM: Uranium One, Ganz EEG Kft, ARAKO spol. s r.o.

Russian business groups:

Basic Element. International assets: KUBAL, CEMTRADE S.A, ALSCON, Rudnici Boxita Niksic, Batu Mining, Alpart, Windalco, Eurallumina, Aughinish Alumina, RUSAL Shanxi Cathode, RUSAL Taigu Cathode, Strabag SE Construction company, Queensland Alumina.

Alfa Group Consortium is one of the largest privately owned financial-investment groups in Russia. Assets: ABH Holdings S.A., Alfa-Capital, Alfa Asset Management

Renova Group. International assets: Columbus Nova (CN), New Europe Real Estate, Octo Telematics, Oerlikon, Schmolz+Bickenbach, Stentex, Sulzer,

Sistema. International assets: Sistema Capital Partners, Sistema Shyam TeleServices Ltd.(India).

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