OAO Russian Railways is seeking to regain the right to manage rolling stock a decade after the government weakened its monopoly by opening the market to competitors, Chief Executive Officer Vladimir Yakunin said.
On a grassy plain an hour’s drive southwest of Moscow, Vladimir Lisin has started producing steel at a newly completed plant. That’s something rival metals billionaire Lakshmi Mittal hasn’t achieved in Europe.
Russian stocks swung between gains and losses as OAO Sberbank sank on concern economic growth is slowing, while commodity producers rose on optimism China’s economy is stabilizing after a two-quarter slowdown.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Russian Prime Minister Vladimir Putin met with OAO Novolipetsk Steel Chairman Vladimir Lisin today and asked him about steel and port projects that the company’s investing in, according to the government.