Forbes business magazine has published a ranking of Russia’s largest companies. Private oil giant Lukoil tops this year’s list, while aluminum producer Rusal got ousted from the top ten.
According to Forbes, coal miners have shown the biggest growth in revenue, and companies in the tourism industry, the smallest.
As many as 200 privately owned companies have been ranked based on their 2018 revenues. Surgutneftegas comes second on the list after Lukoil, with revenue about one fourth of the gains shown by Vagit Alikperov‘s company. X5 Retail Group ranks third, followed by Magnit, Tatneft, Novatek, Evraz, Novolipetsk Steel (NLMK), Norilsk Nickel and Megapolis group. Norilsk Nickel is the only newcomer in the top ten, Forbes reports.
Last year, the Solnechnye Produkty agribusiness owned by the Rusagro holding company recorded the biggest drop in revenue compared with 2017. The Svyaznoy retailer also suffered heavy losses. Its previous owner, Maxim Nogotkov, lost the company back in 2014 over debt; now the business is controlled by one of Alisher Usmanov’s firms. Arkady Rotenberg’s Stroygazmontazh also became an outsider, hit by the sanctions over the Crimean Bridge construction project.
Interestingly, the Rolf car dealership, whose owner, Sergei Petrov, is accused of transferring RUR 4 bln ($62 mio) from Russia, is in 38th place. The last on the ranking – No. 200 – is the 36.6 Pharmacy Chain.