Top Russian companies

16. Magnit

Krasnodar based, Magnit operates more than 2,400 supermarkets and hypermarkets in 760 towns and cities across Russia, after a rapid expansion in the period from 2004-2008. The company has more than 58,000 employees and generally focuses on the discount end of the retail sector. It is listed on the RTS and Micex exchanges (MGNT).

17. X5

The X5 Retail Group, founded in 1995, is Russia’s biggest food retailer by revenue with outlets in 22 Russian regions, Kazakhstan and Ukraine. The company has more than 1000 company managed supermarkets, hypermarkets and discount stores, and 684 franchises trading under the Karusel, Pyaterochka and Perekrestok brands. X5 global depositary receipts are listed in London (FIVE).

18. Lebedyansky

Lebedyansky is the largest natural juice producer in Eastern Europe and one of Russia’s largest baby food makers, with production centres in the Lipetsk region of Russia and St Petersburg. The company is listed on Russia’s RTS (LEKZ) and Micex (LBDO) exchanges.

19. Polyus Gold

Polyus Gold is Russia’s largest gold producer, and one of the world five largest gold producers, with operations in Eastern Siberia and the Russian Far East. It has proved and probable reserves of 68.6 million ounces (2006). It is listed on Russia’s RTS (PLZL) and Micex (PLZL) exchanges with its ADR’s listed in London (PLZL).

20. Polymetal

St Petersburg based Polymetal is Russia’s largest silver producer, and 3rd largest gold producer, with operations across Siberia and Russia’s Far East. In addition to its production operations it has extensive exploration capacity, and an in house engineering research and design centre. It is listed on the RTS and Micex (PMTL) in Moscow, with GDRs traded in London (PMTL).

RT asks

With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

Peter Lavelle

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