Russian business affirms the new orientation towards the APR

How are the sanctions and general geopolitical tension in the region impacting Russian business? The topic was widely discussed on the sidelines of the St Petersburg Economic Forum. RBTH asked the heads of major companies about how their strategies are changing.

KamAZ is Russia's largest automotive corporation. The company ranks 16th among the world's leading manufacturers of heavy trucks, and now also makes buses, tractors, combines, electrical units, mini thermal power plants, and components. Revenue for 2013 amounted to $3.4 billion and net profit $136 million. It is 49.9% owned by a state corporation.

FESCO (Far Eastern Shipping Company) is one of the largest privately owned transport and logistics companies in Russia with assets in port, rail, integrated logistics, and shipping operations. A majority holding (56%) in FESCO belongs to Summa Group, controlled by Russian businessman Ziyavudin Magomedov. Other owners include Swedish investment fund East Capital (7.15%) and the European Bank for Reconstruction and Development (EBRD) (3.76%). In 2013, the company’s revenue was $1.1 billion, with net profit of $15 million.

Sogaz is Russia's largest insurance company, classified as a backbone organization. By total insurance premiums on its books, it consistently ranks second in Russia. It provides all types of insurance: medical, life, agricultural, industrial projects.

Watch more: What will save the Russian economy?

Read more: St. Petersburg forum attracts foreign investors despite boycott

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